Monday, 3 August 2015
Last updated 24 min ago
Jun 25 2010 | 7:05am ET
A bank owned by a consortium of alternative investments firms is losing its CEO.
Terry Laughlin is stepping down from OneWest Bank, the former failed lender IndyMac, 15 months after the hedge funds and private equity funds, including Paulson & Co., Soros Fund Management, JC Flowers & Co. and Dune Capital Management, bought it. He will join Bank of America to succeed the retiring Jack Schakett as head of the bank’s mortgage investments.
Laughlin will remain at OneWest until the end of next month.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…