Wednesday, November 3, 2010

Bank saved by private equity firm

One and a half years ago, bank United was sold to private equity firms by the FDIC for 900 million dollars. in the first half of this year they made 100 million dollars which is a remarkable ROI. Today the new owners said that they are ready to make bank United public again. This will be the first failed bank bought by private investors, to go public.

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