Wednesday, 24 December 2014
Last updated 8 hours ago
Sep 29 2008 | 9:04am ET
Private equity firm J.C. Flowers & Co. has raised a $2.5 billion buyout fund to invest in banks and financial firms battered by the Wall Street crisis.
The New York-based firm finished a first round of fundraising this month, and may raise additional capital if needed, Bloomberg News reports. Flowers last month won approval to buy the nationally-chartered First National Bank of Cainesville, Mo., which he said he may use to buy “troubled of failed depository institutions.”
Flowers has considered making investments in at least two financial firms this year, advising Bank of America on its purchase of Merrill Lynch, as well as trying to invest in insurer American International Group before its bailout by the government this month.
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.