Tag:
Wilbur Ross
Latest Headlines
Latest Headlines
Bank of America's gift to bond insurer
Bank of America ( NYSE: BAC ) has suddenly made the outlook for once-troubled bond insurer Assured Guaranty a lot brighter; no wonder it's stock surged in the wake of Bank of America's first quarter earnings report. Bank of America said in a related release that it had inked a settlement over re
BankUnited offering draws strong reviews
The private equity industry is giddy about the strong showing of BankUnited in the aftermarket. The IPO caps what many think is a good outcome to a bank bailout, a nice way to reassure people that the broad industry bailout of smaller banks is proceeding well.
Depending on your point of view,
Buyers scarce for small banks
Not too long ago, many thought that small troubled banks represented a gusher of opportunity for savvy investors. But, as Reuters notes, to date, fewer than two dozen of the more than 236 banks shut by the FDIC since January 2009 have been sold at auction to investment groups sponsored by priv
Wilbur Ross moves into New Jersey banking
We've noted that Wilbur Ross ( Wilbur Ross news), the noted turnaround expert, has been taking some big steps into the banking industry. While some private equity executives moan over what they see as a lack of cooperation from the FDIC, Wilbur Ross has found ways to make some bank deals with
Wilbur Ross showing the way on bank buyout
We noted recently that purchases of distressed banks by private equity ( private equity news) firms are dicey propositions these days; despite the need for more private cash in these deals, the FDIC has set up some hurdles that have been proven prohibitive in some cases. But Wilbur Ross has fou
Ross to tap PPIP, why not others?
Here's a tangible sign that businesses remain wary of government when it comes to financial reform. The government's PPIP offers, on the surface, some very sweet terms for asset management companies to speculate on distressed assets. Some are bent on jumping in. But not enough as of now.
WL Ro
Blackstone Group, Carlyle Group, Wilbur Ross to buy bank
Historically, private equity firms have shied away from financial services companies, especially banks. The highly regulated nature of the business was thought to be a poor fit. As prices of financial companies plunged, more private equity companies jumped in. The latest: Bloomberg reports tha
ALSO NOTED: UBS downgrades financial firms; Chanos tied to Spitzer scandal; and much more...
Company News:
> UBS considering 8,000 layoffs. Article
> Chanos tied to Spitzer scandal. Article
> Wilbur Ross buys H&R Block mortgage unit. Article
> Lehman in rumor-denying mode. Article
> Lehman fears overblown. Brief
> Biggest threat
