Lubert-Adler Said to Bid for Corus as Fate of Chicago Bank Rests With FDIC Lubert-Adler Partners LP, the Philadelphia-based private-equity firm, may participate in a bid for all or part of Corus Bankshares Inc., the Chicago lender crippled by loans to build condominiums, people familiar with the matter said.
Amber Capital Gets Back Fund Assets Frozen in Lehman Prime-Brokerage Unit Amber Capital Investment Management, the hedge-fund firm co-founded by ex-Societe Generale SA trader Joseph Oughourlian, got back its remaining assets stranded in Lehman Brothers Holdings Inc.’s prime-brokerage unit.
Macquarie to Sever Ties With Airport Unit, Receive Payout of $281 Million Macquarie Group Ltd., Australia’s biggest investment bank, agreed to sever ties with an affiliate that owns airports from Sydney to Brussels as it unwinds a business model that helped drive 16 years of rising profits.
`Naked’ Credit-Default Swaps May Be Banned in House Measure on Derivatives “Naked” credit-default swaps may be banned under provisions in the main U.S. House legislation overhauling oversight of the $592 trillion derivatives industry, House Financial Services Committee Chairman Barney Frank said.
Emerging-Market Stocks Draw Most Funds in Six Weeks on Recovery Optimism Emerging-market equity funds drew $2.6 billion in the week ended July 22, boosted by optimism that U.S. demand for exports will recover, EPFR Global said.
Blankfein Deflects Public Backlash by Paying Geithner’s Loans Back in Full Goldman Sachs Group Inc. may have gone from public enemy to model citizen in eight days.
Geithner Says `Mistake’ on Fannie, Freddie Will Shape Changes at Companies Fannie Mae and Freddie Mac grew to the point where they posed “enormous risk” to the financial system, an error that will shape how policy makers restructure the companies, Treasury Secretary Timothy Geithner said.
Tightening Credit Becomes Bernanke Bind as Fed Faces Bond Purchase Unwind Now that the U.S. economy shows tentative signs of recovery, James Bullard, president of the Federal Reserve Bank of St. Louis, wants the Fed to adopt a plan for taming the inflation he expects may follow the end of the recession. Unless the central bank puts a strategy in place and presents it to the public, inflation expectations may run rampant, Bullard says.