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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: J. C. Flowers

J. C. Flowers stories: 2 news summaries

Wreck of IndyMac Sold
for $13.9B

Soros, Dell among the players in FDIC's damaged-goods sale

Jan 3, 09 8:41 AM CST
(Newser) - A team of high-profile investors has bought the remains of failed bank IndyMac from the FDIC for $13.9 billion, the Wall Street Journal reports. The investors, including George Soros and computer tycoon Michael Dell, have agreed to share the losses from IndyMac's portfolio of troubled mortgages in a deal... More »

MORE ABOUT:
private equity • J. C. Flowers • bank • Michael Dell • IndyMac • George Soros • FDIC • subprime crisis • bank failure • financial crisis

Loan Giant Sallie Mae Goes Private

Nation's largest student lender is
sold for $25 billion

Apr 17, 07 8:37 AM CDT
(Newser) - A group of investors is buying student lending giant Sally Mae for $25 billion, even as Capitol Hill debates reducing federal subsidies for student loans. The company—which began as a quasi-public agency—will be taken private by Bank of America, JPMorganChase, and private equity houses J. C. Flowers and... More »

MORE ABOUT:
private equity • Sallie Mae • student loans • Bank of America • J. C. Flowers • business • finance • shares • Friedman Fleischer and Lowe • JPMorgan Chase

2 Stories


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