Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 22, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Blackstone

Blackstone stories: 6 news summaries

Feds Seize Florida
Bank in $4.9B Bust

BankUnited sold off to private equity consortium

May 22, 09 5:05 AM CDT
(Newser) - Florida's BankUnited went bust yesterday as the FDIC seized the critically undercapitalized bank and sold it off to a private-equity team including Blackstone, reports the Wall Street Journal. BankUnited's troubles stemmed from overeager moves in the housing market. It specialized in loans for foreigners wanting to buy Florida property. After... More »

MORE ABOUT:
Florida • Blackstone • FDIC • bank failure • mortgage defaults • financial crisis • BankUnited

Hedges, Private Equity Funds to Invest in Bailout

TALF program could see very rich outfits get even richer

Mar 6, 09 7:11 AM CST
(Newser) - With its highly touted TALF program to spur consumer lending, the government is undertaking a $1 trillion effort that hinges on the participation of some unpopular outfits: hedge funds and private equity firms. As the Washington Post reports, the Fed and Treasury's "public-private partnership" relies on investment from the... More »

MORE ABOUT:
private equity • Federal Reserve • Treasury Department • Blackstone • consumer loan markets • bailout • hedge funds • TALF

WaMu Looks to Private Equity
as Bank Teeters

Blackstone, Carlyle in talks after overtures to other banks flop

Sep 25, 08 8:52 AM CDT
(Newser) - Washington Mutual is hoping private equity will save the bank after its efforts to broker a sale to another financial institution came to nothing. Both the Carlyle Group and Blackstone are considering a takeover of WaMu, insiders tell the Wall Street Journal, although a deal is not yet assured. Many... More »

MORE ABOUT:
private equity • Carlyle Group • takeover • Washington Mutual • Blackstone • WaMu

Dow Dips Below 13K

Markets seesaw, close down

Nov 12, 07 3:38 PM CST
(Newser) - The Dow closed below 13,000 today after seesawing on bad news from the financial sector and falling oil prices. The Dow finished at 12,987.55, down 55.19, after E*Trade said further mortgage-related write-downs might come—and its shares dropped 56%. The Nasdaq slid 43.81 to close... More »

MORE ABOUT:
Citigroup • Bank of America • Dow Jones • OPEC • mortgage • Nasdaq • E Trade • Blackstone • S&P 500 • JPMorgan Chase • financial crisis

Blackstone Pushes to Delay Tax Increase Bill

If measure won't die, buyout giant wants 10-year grace period

Oct 23, 07 12:40 PM CDT
(Newser) - If Blackstone and other buyout firms can't kill a proposed bill that would increase their taxes, they'll try for a 10-year delay in enacting it. Under pressure from lobbyists, lawmakers are discussing doubling the proposed 5-year grace period, Bloomberg reports. The legislation, introduced before Blackstone went public in June, has... More »

MORE ABOUT:
Stephen Schwarzman • Charles Grassley • Blackstone • private equity firms • buyout firms • Max Baucus

Blackstone Lobbying Backfires

Private equity firms ‘overreach’ with claim they help the poor

Sep 21, 07 8:10 PM CDT
(Newser) - Private equity firms launched their first coordinated effort at lobbying this year—and overshot by a long stretch, Bloomberg reports. Blackstone and 11 other firms joined hands to fight a tax hike on carried interest—fund managers' share of profits—and have gone so far as to argue that the... More »

MORE ABOUT:
Magic Johnson • Charles Rangel • lobbying • Blackstone • House Ways and Means Committee • Private Equity Council

6 Stories


from our news partners