Alts.-Backed Bank CEO Resigns

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.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note