A short while ago I wrote about the nationalized Austrian bank Hypo Alpe Adria and the Austrian government's attempts to bail in its creditors. HAA is in the process of being wound up and its assets transferred to a government-owned “bad bank”. Baili...
Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California... #California#Pasadena#CIT GROUP INC#OneWest
The online lender has raised a $75 million round of equity financing led by Tiger Global Management, as well as a $200 million credit facility led by Victory Park Capital... #California#Pasadena#CIT GROUP INC#OneWest
Portuguese lender Banco Espírito Santo confirmed it will reimburse retail clients who invested in commercial paper issued by its main holding company, which filed for creditor protection... #California#Pasadena#CIT GROUP INC#OneWest
OneWest Bank in Pasadena, born from the ashes of failed high-risk home lender IndyMac Bank, has agreed to be acquired by commercial lender CIT Group for $3.4 billion, a hugely profitable deal for the hedge-fund and private-equity investors that have ... #Pasadena#CIT GROUP INC#OneWest
Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas... #Pasadena#CIT GROUP INC#OneWest