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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: J.C. Flowers and Co

J.C. Flowers and Co stories: 2 news summaries

 AIG Seeks $40B Fed Loan 
 in Bid to Prevent Collapse 

Insurance giant tries to stave off credit downgrade, aims to sell assets

Sep 15, 08 2:25 AM CDT
(Newser) - In yet another Wall Street meltdown, floundering insurance giant American International Group has turned to the federal government in a bid to stave off a threatened credit-rating downgrade that could trigger the firm’s immediate collapse, reports the New York Times. AIG has requested a $40 billion bridge loan from... More »

MORE ABOUT:
Federal Reserve • J.C. Flowers and Co • Lehman Brothers • AIG • credit crisis • federal loans • insurance industry • financial crisis

Sallie Mae
Chief Quits

Equity firm pressured loan giant CEO to step down, ease buyout

May 23, 07 5:52 AM CDT
(Newser) - The CEO of student loan giant Sallie Mae resigned unexpectedly yesterday in the midst of a $25 billion buyout by a private equity firm. The Wall Street Journal reports that Thomas J. Fitzpatrick was pressured out to stave off Congressional criticism of the buyout by J.C. Flowers and Co,... More »

MORE ABOUT:
private equity • Sallie Mae • student loans • merger • loans • acquisition • Thomas J. Fitzpatrick • J.C. Flowers and Co • student

2 Stories


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