[Posted on August 20, 2007 at 3:32 PM]
Rep. Barney Frank House Financial Services Chairman Barney Frank said Monday he has scheduled to hold a hearing Sept. 5 to examine the impact of the subprime mortgage crisis
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[Posted on August 20, 2007 at 3:15 PM]
There is a lot of talk in the press and blogosphere that a number of big buyout deals may be called off as banks seek to renegotiate terms as
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[Posted on August 20, 2007 at 11:23 AM]
Not surprisingly, troubled lender Countrywide Financial Corp. reportedly started the layoff process this weekend, according to a Wall Street Journal story. Since the Calabasas, Calif., bank already announced it
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[Posted on August 16, 2007 at 4:05 PM]
Only a few months ago, business journalists — ourselves included — were pondering who the "next big buyout" candidate would be. Talk centered around Cedar Fair, Home Depot and
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[Posted on August 15, 2007 at 2:44 PM]
In a bizarre twist, Lone Star Fund V (U.S.) LP has extended its tender offer for all outstanding shares of Accredited Home Lenders Holding Co. until midnight, Aug. 28,
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[Posted on August 15, 2007 at 2:37 PM]
Student loan company SLM Corp. said Wednesday that its shareholders had approved the $25 billion take-private agreement with J.C. Flowers & Co., Bank of America and J.P. Morgan Chase
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[Posted on August 9, 2007 at 11:43 AM]
Wilbur Ross As The Deal speculated earlier in the week, Wilbur Ross' $50 million debtor in possession loan to bankrupt lender American Home Mortgage Investment Corp. apparently will not
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[Posted on August 3, 2007 at 4:41 PM]
Following the lead of Portfolio's Felix Salmon, who suggested Friday morning on his blog Market Movers that Bear, Stearns & Co. is a likely takeover candidate, the writers at
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[Posted on August 3, 2007 at 12:16 PM]
Only days after hiring advisers, American Home Mortgage Investment Corp. announced it will close. The subprime lender was experiencing a liquidity crisis, leading to the hiring on July 31
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[Posted on August 2, 2007 at 6:05 PM]
Accredited Home Lenders Holding Co. on Thursday warned that it could be the latest subprime mortgage lender to tumble into bankruptcy amid a weak housing market and fire-sale atmosphere
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[Posted on August 2, 2007 at 4:19 PM]
The biggest shareholder in M&T Bank Corp. — Allied Irish Bank plc — might divest its 24.5% stake in the Buffalo, N.Y.-based financial institution to pursue a bigger deal, possibly
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[Posted on August 1, 2007 at 4:54 PM]
The gravy train has ended in the subprime lending sector, and mortgage lenders are now taking cover with the rise of foreclosures and the slowdown of the U.S. residential
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