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No bidders for Washington Mutual

Goldman Sachs is staging an auction, but guess what? It's doubtful anyone will show up. The competition for Washington Mutual has so far failed to attract any bidders, which is not really a surprise.... Read more...

Who's next to crater? WaMu?

The spotlight shifted a bit from Fannie Mae and Freddie Mac right back to Lehman Brothers, leaving little room for others. But the New York Times managed to squeeze in Washington Mutual, whose stock... Read more...

Private equity deals of the year

TheDeal.com offers its annual private equity Deals of the Year. This year's list has a different flavor to it. Until recently, of course, the industry was... Read more...

Goldman Sachs fee causes controversy

The Telegraph reports that British mortgage firm Bradford & Bingley will pay Goldman Sachs an advisory fee even though a deal with private equity firm TPG fell apart.... Read more...

WaMu, TPG deal stokes controversy

Washington Mutual pitched its deal with private equity giant TPG in April as a way to heal the troubled thrift. But for some critics,... Read more...

Private equity firms win with Alltel deal

It's tempting to look at the $28 billion Verizon-Alltel deal and declare that its represents a coming wave of strategic deals. It may indeed hearken such a trend. But don't think the private equity... Read more...

And the top-ranked private equity firm is ...

Fortune has come out with a list of top private equity firms according to recent fund raising activity, and the big winner is the Carlyle Group. Yes, its mortgage-backed securities fund stumbled, but... Read more...

Bank merger deals not likely

At a time when banks need huge capital injections, there's always a renewed focus on costs and efficiencies. You might have thought that such an environment would be ideal for some strategic mergers,... Read more...

Banks binge on preferred shares

Financial services firms have raised $54.7 billion this year, compared with $25.3 billion at the comparable point last year (Dealogic). Bank... Read more...

What are Merrill Lynch and TPG talking about?

Executives from Merrill Lynch and private equity powerhouse TPG recently met in New York, according to the Financial Times. The... Read more...