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Entries tagged "IndyMac"CIT-IndyMac merger rumor debunkedHedge fund manager John Paulson of Paulson & Co. will not be combining New York lender CIT Group with IndyMac Federal Bank. Paulson sees Indy-CIT combo a viable Band AidHedge fund manager John Paulson reportedly is proposing a merger between IndyMac Federal Bank and CIT. PE firms turn IndyMac aroundIt wasn't too long ago that IndyMac failed. But eight months later, newly named OneWest Bank turned a $182 million profit in the second quarter. FDIC seizes BankUnited, sells to PECould the Federal Deposit Insurance Corp.'s seizure and sale of BankUnited Financial be one of many to private equity companies? Flowers: A thorn in the FDIC's side?The founder of financial services-focused private equity firm JC Flowers & Co. has raised the hackles of financial services regulators with some incendiary comments. Finance Layoffs: IndyMac and moreThe latest layoff announcements in the finance industry are at Principal Financial Group and IndyMac. Finance Layoffs: Deutsche Bank, BofA and moreThere are more rumors and reports of layoffs at Deutsche Bank AG (NYSE:DB), Bank of America Corp. (NYSE:BAC) and other banks this Tuesday. Feds could throw bones to PE, hedge fundsEven if the reports that Treasury Secretary Tim Geithner may court private capital firms to invest in banks are true, interest may be tepid. John Paulson reportedly eyes distressed dealsJohn Paulson, whose hedge fund has fared better than many of late, is looking at distressed investing, according to a Bloomberg report Wednesday, which read:Paulson said that while he's bearish on the overall economy, he is looking to buy distressed mortgages and distressed debt, and is interested in investing in debt restructurings, bankruptcies, strategic mergers and financial recoveries.... Could IndyMac's purchase prompt more private equity investments in banks?Federal regulators could announce a sale of failed mortgage lender IndyMac Federal Bank as soon as Wednesday. If the deal does go through, it could mean that regulators are willing to ease up on some strict banking rules, allowing private equity firms to own big banks. Alpha Bank adds to the record bank failuresWhile regional banks announced capital infusions as part of the Treasury Department's attempts to stabilize the financial services industry, the Federal Deposit Insurance Corp. seized tiny Alpha Bank & Trust of Alpharetta, Ga., on Friday night. Its two branches reopened Monday as Stearns Bank NA. With the closing of Alpha, 16 banks have failed so far this year, the highest number since 2002 when 11 banks failed, according to the FDIC. The biggest of the failures was Washington Mutual Inc., which the FDIC seized on Sept. 25 and immediately sold to J.P. Morgan Chase & Co. See the full list... Hit by bank failures, FDIC proposes higher ratesThe Federal Deposit Insurance Corp.'s board approved Tuesday higher assessment on banks and other depository institutions to replenish the federal deposit insurance fund, which is threatened with substantial depletion by recent bank failures and additional failures that are expected. The restoration plan would increase the rates all banks pay beginning in January. New risk-based assessments would go into affect April 1. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "IndyMac." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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