Monday, 22 December 2014
Last updated 5 min ago
Dec 22 2009 | 9:45am ET
A bank owned by a consortium of hedge and private equity funds has made its first acquisition, buying one of the seven banks closed by U.S. regulators last week.
OneWest Bank, formerly the failed lender IndyMac, has acquired First Federal Bank for $6.1 billion. OneWest, which is owned by Paulson & Co., Soros Fund Management, J.C. Flowers & Co. and Dune Capital Management, among others, reopened the 39 First Federal branches on Saturday.
First Federal had $4.5 billion in total deposits.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.