News Topic: Private Equity

Arizona, Nevada, Florida and North Carolina have lost more banks than other states, based on the percentage decline since 2010. Each has a unique set of reasons that goes beyond regulation and a dearth of de novo activity. ... Read full article

The New Jersey company added a representative of Blue Harbour Group in Connecticut to its board. ... Read full article

James Lockhart is set to join the New Jersey company's board. He will replace Wilbur Ross, who had to resign after becoming Commerce secretary. ... Read full article

The bank and one of its investors are planning a sale of common stock that could help fund growth initiatives. ... Read full article

Oaktree and Thomas H. Lee will still have large positions in the company after the planned sales. ... Read full article

A former Lehman Brothers star trader secretly recorded several conversations that he says prove Lehman owes him more than $83 million in bonuses for his work done mostly in 2008, even though he received a similar amount when Barclays PLC bought Lehman, ... Read full article

Tony Gutierrez/Associated Press RadioShack is going back to basi ... Read full article

The team unwinding Lehman Brothers Holdings Inc. boosted its estimate of how much cash it expects to bring in for creditors to $90.6 billion, buoyed primarily by a settlement with Lehman Brothers Bankhaus A.G., the German arm of Lehman’s ... Read full article

Teen retailer Wet Seal  Inc. filed for Chapter 11 bankruptcy protection early Friday morning, hoping to salvage some of its stores using a financing offer from B. Riley Co. LLC, The Wall Street Journal reports . The filing followed warnings that Wet Seal ... Read full article

Gambling giant   Caesars Entertainment   Corp. put its largest unit into Chapter 11 protection in Chicago early Thursday morning, leaving it to a judge to settle the bitter dispute among the company’s creditors and the investment firms whose buyout left ... Read full article

While restructuring professionals have proposed some interesting changes to the bankruptcy code , it’s also striking what their 370-page report leaves out. Here are some hot topics in the bankruptcy world that  wouldn’t  be affected: Distressed-Debt ... Read full article

OW Bunker vessels in Singapore. O.W. Bunker Denmark’s O.W. Bunker AS on Thursday placed its U.S. ... Read full article

Trump Entertainment As cash quickly runs out to keep Atlantic City’s Trump Taj Mahal Casino Resort open, a bankruptcy judge refused to sign off on the outlines of a bankruptcy-exit plan for owner Trump Enterta ... Read full article

Apple Inc . supplier GT Advanced Technologies Inc. plans to exit the business of manufacturing sapphire after a failed effort to produce material for Apple’s smartphone screens. Read the Daily Bankruptcy Review story in the Wall Street Journal. ... Read full article

Energy Future Holdings Corp. is “in the midst of a bidding war” and still talking to NextEra Energy Inc. , the Florida company that sparked a competition that shook up one of the biggest bankruptcies on record, company attorney Edward Sassower said ... Read full article

After more than a year in bankruptcy court, the city asked a federal judge Tuesday for the final blessing of its plan to slash $7 billion in debt and get on the road to solvency, The Wall Street Journal reports . ... Read full article

The Federal Deposit Insurance Corp. and  Bank of America  Corp. have settled their long-running battle over who is ultimately responsible for losses tied to the sale of mortgage securities to more than two dozen failed banks. Read the Daily Bankruptcy ... Read full article

India’s Sesa Sterlite Ltd. has lost a bid to block a bankruptcy-court order requiring it to pay an $82.75 million judgment stemming from its failed attempt to acquire Asarco LLC, a U.S.-based copper miner. Read Peg Brickley’s story in the Daily Bankruptcy ... Read full article