Group drops US loan firm buyout
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US student loan firm Sallie Mae says  private equity buyers are pulling out of a $25bn buyout of the firm.
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Shares down after company shutters home lending operation.
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HSBC Holdings Plc , Europe's biggest bank, said on Friday that it would close its U.S. subprime mortgage unit, cutting 750 jobs and taking $945 million in charges and write-downs, because the business is no longer sustainable.
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A South Korean securities firm partly  owned by billionaire financier George Soros has broken off  talks to buy SK Securities, knocking its smaller rival's shares  down by over 12 percent on Monday.
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A second U.S. investment firm dismissed Citigroup's  $10.8 billion buyout offer for Japanese brokerage Nikko Cordial Corp.  on Friday in hopes of pressuring the U.S. bank to sweeten its bid.
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The company said it would eliminate 275 jobs and slash direct mortgage lending to preserve cash after it was forced to cancel a $101.2 million rights offering.
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The parent company of Sallie Mae, the student lender, cut its profit forecast for 2008 on Wednesday and said that its offer to strike a new deal with a group of investors had been rejected.
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Australian financial services firm City Pacific Ltd  dropped its A$1.3 billion ($1.1 billion) plan to buy the management business of rival MFS Ltd  after financing worries saw MFS shares' plunge.
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3Com said Wednesday that it has withdrawn a $2.2 billion offer for the network equipment maker from consideration by a federal national security regulator, marking the potential demise of yet another private equity deal. It crystallizes months of fears and skepticism by investors that the buyout, by Bain Capital and China's Huawei Technologies, would fail because [...].
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Applications for U.S. home mortgages  dropped last week as a decrease in purchasing activity offset  an increase in refinancing activity, an industry group said on  Wednesday.
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A plan by US banks to calm down rattled credit markets is dropped shortly before it was due to launch.
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Mortgage giant Freddie Mac announced Monday that it is shutting down some operations of its debt-securities sales division and transferring others - moves that experts said should tighten the company&#39;s internal controls after an
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The investor group led by J.C. Flowers & Co. that agreed to buy out student loan firm Sallie Mae for $25 billion said proposals to cut government subsidies to student lenders could threaten the deal, Sallie Mae said on Wednesday.
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A private investment group that includes buyout specialist Kohlberg Kravis Roberts &amp; Co. on Thursday dropped its $850 million bid to acquire utility company UniSource Energy Corp.
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Private equity firm Carlyle Group   has closed its $4.9 billion acquisition of U.S.  nursing home operator Manor Care Inc , Manor Care said  on Friday, after a temporary order against the deal was lifted  in Michigan.
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CHICAGO -- Vornado Realty Trust said Wednesday it was withdrawing its $23.2 billion cash-and-stock buyout offer for Equity Office Properties Trust, ending a bidding war hours before the real estate company's shareholders were scheduled to vote on a competing offer from the private equity firm...
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Delphi Corp. said yesterday it has scrapped its agreement with a group of investors that was going to kick in up to $3.4 billion to help the struggling auto parts maker emerge from Chapter 11 bankruptcy protection.