Hints and tips:
Related Topics
...On the other side of the trade, investors could be a little too sanguine about BankUnited and FNB Corp, “which have above-average exposures to CRE office lending yet relatively low CRE reserve coverage”,...
...Kanas will retain his role as non-executive chairman of BankUnited. Before BankUnited, he was president and chief executive of North Fork Bancorp....
...The president-elect’s choice for the commerce secretary — Wilbur Ross, a 79-year-old private-equity baron — did similarly well out of BankUnited, a Florida-based bank that hit the skids not long after IndyMac...
...SunTrust Banks declined 1 per cent to $39.28, BankUnited slid 1 per cent to $32.30 and PNC remained unchanged by close of trading at $83.88....
...Florida-based BankUnited, for instance, said last month that it sold $550m-worth of securities, including $431m of CLOs, to comply with the Volcker rule – raising the prospect of further sales as lenders...
...A group that included Mr Ross, Blackstone and Carlyle bought BankUnited for $900m in 2009....
...Blackstone has a team of six financial services buyout specialists and it has invested in several US lenders – such as BankUnited, the largest independent bank in Florida – in the past few years....
...The group of investors, which included Mr Kanas, originally invested $900m in BankUnited....
...It has so far mainly invested in smaller and medium-sized US banks such as Florida’s retail lender BankUnited, private banking and wealth management group Boston Private Financial Holdings and Bermuda-based...
...But in 2011, offerings for Nielsen, Kinder Morgan, BankUnited and, now, HCA, have all priced at or above the top of their expected range....
...Eight US companies, including BankUnited, are expected price their shares this week....
...Offerings for Nielsen, Kinder Morgan, BankUnited and, HCA, have all priced at or above the top of their expected range....
...Private equity investors Blackstone, Carlyle and Wilbur Ross also sold shares in BankUnited, a troubled Florida lender they acquired in 2009, on Friday....
...Blackstone has marked up the BankUnited investment. In late trade New York, Blackstone shares were 1.3 per cent lower....
...and the changes at BankUnited....
...Part 1, October 8 2009: John Kanas, chief executive and chairman of BankUnited, talks to Chrystia Freeland, US managing editor, about acquiring BankUnited with FDIC support, the possibility of further acquisitions...
...BankUnited was a good example....
...Part 3, October 8 2009: John Kanas, chief executive and chairman of BankUnited, talks to Chrystia Freeland, US managing editor, about changes to the regulatory environment, capital requirements and the repeal...
...It has been involved in several recent financial services deals, including the acquisition of failed Florida lender BankUnited and an investment in Bermuda’s Bank of NT Butterfield....
...This will help BankUnited make acquisitions from a wish list that includes 65 potential targets, according to the investors....
...As a result of this transaction, BankUnited, FSB, offices and branches will be operated as BankUnited offices and branches. BankUnited’s 86 offices will be open tomorrow during normal business hours....
...The BankUnited deal includes a loss-sharing agreement on $10.7bn of the bank’s $12.8bn in assets....
...And last year private equity consortiums bought the rumps of two troubled US banks – BankUnited and IndyMac. But those are small exceptions to the rule....
...In his new role, Mr Lockhart will help grow WL Ross’ financial services investments, which include funds that own American Home Mortgage Servicing as well as stakes in Assured Guaranty, the insurer, and BankUnited...
...BankUnited has said in a SEC filing that its capital ratios had fallen below regulatory minimums and that it was in talks to raise capital and restructure its balance sheet....
International Edition