Federal regulators have abandoned efforts to sell failed Silverton Bank in Georgia to investors and are shutting the temporary "bridge bank" they set up to replace it last month. Atlanta-based Silverton, which operated as a sort of wholesale bank, fell victim... Sponsored Topics: Georgia - Business - Federal Deposit Insurance Corporation - Atlanta - United States

Federal regulators have abandoned efforts to sell failed Silverton Bank in Georgia to investors and are shutting the temporary "bridge bank" they set up to replace it last month.

Nomura and Blackstone could miss out on over $30m (€21.2bn) in advisory fees after mining giant Rio Tinto backed out of its $19.5bn deal with Chinalco yesterday and instead announced plans to launch a $15.2bn rights issue, which could provide close to $400m in fees for Rio Tinto’s underwriters.

BOSTON - Five Worcester County mortgage brokers and lenders are among 87 in Massachusetts stripped of their licenses yesterday by the state Division of Banks. They are: Blackstone Home Mortgage in Douglas, ESOL LLC in Worcester, Harvard Financial Group Mortgage Co. in Harvard, Home Equity Advantage in Holden, and Allsprings Mortgage Solutions in Worcester.

Cleaning Technologies Group LLC has launched a sales, support and parts washers manufacturing operation in Suzhou, China. The Suzhou facility is now manufacturing both Ransohoff and Blackstone-NEY parts washers to be sold in the high growth Asian markets. The fully equipped technical center is capable of performing high level cleanliness analysis and process development.

Many U.S. banks need cash. Private equity players are eager to give it to them. Will such deals save banks or set the stage for trouble later? In recent weeks big buyout firms have been scooping up banks—and more likely will follow.

Some of the biggest financial lenders to the private equity groups that bought Clear Channel Communications last year intend to turn down a proposed debt exchange, reports the Financial Times . Clear Channel proposed a swap of some parent company debt in exchange for debt in its billboard division, Clear Channel Outdoor Holdings.

The irony of it: Private-equity firms, long kept at a distance by regulators and recently burned by some investments in the sector, are suddenly flocking to the financial industry.

Some of Clear Channel ’s largest lenders are hoping to trigger a default in order to get their hands on the media firm, The Financial Times reported. Some of its largest senior creditors who helped finance the $27 billion buyout by THL Partners and Bain Capital intend to reject the private equity firms’ debt-swap proposal in hopes of getting Clear Channel’s equity for a bargain when the owners ...

PRIVATE equity firm Blackstone has warned that the US-flag product tanker newbuilding series at NASSCO could go into default as soon as August.

LONDON, May 24 (Reuters) - Private equity group Blackstone and Australia's Macquarie-backed fund MGPA are among those in talks to buy British property group Brixton, according to newspaper reports on Sunday. The Independent on Sunday, citing City sources, said MGPA had approached the board of Brixton, while both The Independent on Sunday and The Sunday Telegraph also named Blackstone as a ...

Sun 24 May, 2009 12:46

Blackstone Group's Steve Schwarzman is sitting pretty this weekend. With the private-equity titan's surprise victory last week in gaining FDIC approval to purchase Florida's BankUnited -- along with Wilbur Ross, Carlyle Group, Centerbridge...

The private equity group Blackstone has approached Brixton the biggest owner of warehouses in Britain about a possible takeover as the collapse in prices begins to stir buyers' interest in the commercial property market.

Regulators on Thursday shut down BankUnited FSB, a struggling Florida thrift whose closure is expected to cost the Federal Deposit Insurance Corp. $4.9 billion.

Private equity firms have bought BankUnited, the 34th US bank to fail this year.

U.S. bank regulators seized troubled Florida lender BankUnited FSB and sold it to some of the most powerful private equity firms in the world.

FDIC hints restrictions on private-equity ownership in banks may be eased to allow more takeovers of tottering lenders.

BankUnited FSB , the biggest independent bank in Florida, was seized and sold to a consortium of private equity firms on Thursday afternoon in the largest bank failure this year.

BankUnited Financial, the largest lender based in Florida, is shut down by banking regulators and sold to a group of private-equity firms.