by | Sep 17, 2010 | Towing
Citigroup (C) plans to sell its student-lending unit Student Loan Corp. to a consortium including Sallie Mae as early as today, The New York Post reported.
Citigroup owns 80% of the company, with another 20% being publicly traded. It is the country’s second-largest student lender, after Sallie Mae.
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The deal could see Sallie Mae and another company offer as much as $600 million to…
Continue reading Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium
Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium originally appeared on DailyFinance on Fri, 17 Sep 2010 08:45:00.
Filed Under: Company News, Economy, Investing, Citigroup, Taxes, Credit
by | Sep 16, 2010 | Towing
Four of the top six credit card issuers reported an increase in the number of debts they they wrote off as uncollectable in August. But there were a few positive signs as well.
Continue reading Uncollectable: B…
by | Sep 15, 2010 | Towing
Investor Wilbur Ross will buy Ireland’s troubled Education Savings Bank as part of a consortium with private equity outfit Carlyle and Dublin-based Cardinal Group.
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The consortium will close the deal for the bank, which has about $15 billion in deposits, as soon as next week, Ross told CNBC.
The consortium will “buy the bank and pour capital into it”, CNBC reported.
The Irish bank…
Continue reading Wilbur Ross, Carlyle Will Buy Ireland’s Education Savings Bank
Wilbur Ross, Carlyle Will Buy Ireland’s Education Savings Bank originally appeared on DailyFinance on Wed, 15 Sep 2010 07:49:00.
Filed Under: Company News, People, Investing, Taxes, Credit
by | Sep 14, 2010 | Towing
Chase’s online-banking is out of service because of a technical glitch related to its Website, the JPMorgan Chase & Co. unit says.
Continue reading Chase’s Online Banking Service Down Since Monday Night
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by | Sep 11, 2010 | Towing
Allied Irish Banks agreed to sell its assets in Poland, including its stake in Bank Zachodni WBK SA, to Banco Santander SA, in order to raise capital to meet capital requirements from Irish regulators.
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