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Saturday, November 21, 
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Entries tagged "GMAC LLC"

BofA, GMAC make an unlikely pair

A merger of Bank of America and GMAC would be an unlikely scenario, but a recent TheStreet.com report doesn't seem to think so.


Cerberus wants investors in for the long run

Having learned a lesson about fickle investors Cerberus is inserting a three-year lock-up clause into its two new hedge funds.


Finance Layoffs: Bank of America, Fidelity, Carlyle and more

More pink slips came out in December than in the previous months, raising the nation's unemployment rate to 7.2%, according to a report released by the Labor Department. Last month 524,000 jobs were lost with 14,000 from the the financial services and real estate sector, according to CNBC. For all of 2008, the economy lost a net total of 2.6 million jobs. Unfortunately, many of those lost jobs were in financial services industry, and many more jobs are still being lost as banks continue to merge and restructure. ...


GMAC becomes a bank holding company and gets $6 billion

It looks like GMAC LLC finagled its way into becoming a bank holding company after all, and got a bit more than a stocking stuffer for the holidays. The U.S. Treasury is buying $5 billion in senior preferred equity in GMAC and offered a new $1 billion loan to General Motors Corp. in an another attempt to stabilize the auto company. The $6 billion is an addition to the $17.4 billion emergency plan to bailout GM and Chrysler LLC. ...


Chrysler, GMAC weighing down the IRR on Cerberus fund

Distressed investing specialist Cerberus has seen returns on its latest fund in the red after big bets on Chrysler LLC and GMAC LLC truned south.



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Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


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Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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