Friday, May 22, 2009
In Failure Of BankUnited, Hope For Private Equity
FDIC hints restrictions on private-equity ownership in banks may be eased to allow more takeovers of tottering lenders.
Private-equity firms looking to get in on an expected gold rush of bank mergers may take heart in the fate of BankUnited.
A group including a fund run by billionaire Wilbur Ross, Carlyle Group and Blackstone won the bidding for BankUnited, a troubled Florida lender with $13 billion in assets that was seized by the Federal Deposit Insurance Corp. late Thursday. They are believed to have beaten out a competing bid by Canada's Toronto-Dominion and Goldman Sachs...
In Failure Of BankUnited, Hope For Private Equity
Private-equity firms looking to get in on an expected gold rush of bank mergers may take heart in the fate of BankUnited.
A group including a fund run by billionaire Wilbur Ross, Carlyle Group and Blackstone won the bidding for BankUnited, a troubled Florida lender with $13 billion in assets that was seized by the Federal Deposit Insurance Corp. late Thursday. They are believed to have beaten out a competing bid by Canada's Toronto-Dominion and Goldman Sachs...
In Failure Of BankUnited, Hope For Private Equity
Permalink posted by markw @ 4:52 AM 
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