Cezary Podkul
The publicly listed firm amended the terms of its unsecured revolving credit agreement, a change analysts say is necessary to preserve access to capital in a challenging environment.
The landmark bid, whose deadline for acceptance was twice pushed back in hopes of getting Pennsylvania legislators to approve it, lapsed on Tuesday after Abertis decided not to extend it any further.
The biggest bank failure in US history is also one of the biggest publicly disclosed private equity losses in history. TPG has stressed that the investment represented only a small portion of its diversified assets.
History should judge TPG’s $1.3bn WaMu loss not for its size but for its miscalculation of risk, writes Cezary Podkul.
The biggest bank failure in US history is also one of the biggest publicly disclosed private equity losses in history. TPG has stressed that the investment represented only a small portion of its diversified assets.
The ailing savings and loan had previously sought to be taken over by banking giants JPMorgan and Citi, but as such talks have not yet resulted in any deal, the bank is reportedly seeking a deal with Blackstone or Carlyle.
JC Flowers' founder may use the First National Bank of Cainesville as a platform acquisition for other distressed and failed deposit-taking institutions, according to a regulatory filing.
JC Flowers' founder may use the First National Bank of Cainesville as a platform acquisition for other distressed and failed deposit-taking institutions, according to a regulatory filing.
Amid the turmoil of its parent company, AIG's investment arm continues its Asian expansion with the hiring of Michael Chae. The fate of the firm’s substantial private equity and real estate businesses remains uncertain.
As the US insurance giant struggles to raise capital, the fate of the firm’s substantial private equity business remains uncertain. AIG Investments has not been placed for sale as part of its parent’s capital raising measures.