A Federal Deposit Insurance Corp. plan to place new restrictions on private equity firms seeking to buy failed banks is facing strong opposition from fellow bank regulators and could temporarily freeze all private equity activity in bank acquisitions.
What does it take to get the attention of JPMorgan Chase these days? Little plastic sharks, apparently.
Assured Guaranty Ltd. completed its $822.1 million purchase of Financial Security Assurance Holdings Ltd. yesterday, creating a dominant bond insurer in a decimated industry.
Personal care products retailer Crabtree & Evelyn Ltd. has filed for bankruptcy, citing debt pressures and the decline in consumer spending.
Private equity fundraising improved somewhat over the second quarter as 82 buyout funds drew $76.2 billion in new commitments, according to Preqin.
You're forgiven for not knowing that June is National Housing Month. After all, most of us don't want to think about our houses, or at least the price of our houses. But along come some findings this week from a group called the National Foundation for Credit Counseling with numbers that you may find revealing, if not downright scary.
The co-founder of StoneCastle Partners, a Salomon vet, offers his take on PE and the art of investing in banks.
Although law firms, like investment banks, have been hit by the financial crisis and have actively been instituting layoffs, the recruitment environment for very experienced lawyers remains healthy.
Is it just me, or is it truly ironic that as President Obama was unveiling his plans to rescue the financial services industry, the debate raged on about ... inflation?
In the first week of June, a consortium of Chinese investors led a deal to buy a 15% stake in a Cleveland institution. Normally, this purchase might have raised concerns, as workers and local politicians sought promises that jobs would not be transferred overseas. With this deal, however, the investment is ostensibly designed to keep the employees in Cleveland -- most notably LeBron James.