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Private equity group to buy assets
of IndyMac |
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WASHINGTON/NEW YORK —
The assets of failed US mortgage lender IndyMac are being bought by a group
of private equity and hedge fund firms, including Dune Capital Management
and JC Flowers & Co, which are putting up $1.3 billion in cash. The Federal
Deposit Insurance Corp, which has run IndyMac since its failure on July 11,
valued the sale to the IMB... |
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US Treasury finalises $4bn loan to
Chrysler |
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NEW YORK —
The US Treasury said it has finalised a $4 billion loan to troubled
cash-strapped carmaker Chrysler. “Treasury today finalised the loan
transaction for Chrysler car company and funded the full amount of $4
billion,” Brookly McLaughlin, a Treasury spokeswoman, said in a statement.
Chrysler Chairman and CEO Bob Nardelli said the loan would help the
company... |
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