Colony Capital LLC and General Atlantic LLC, the private-equity firms that led the buyout of First Republic Bank five months ago, may post a paper gain of 70 percent when the bank completes a planned initial public offering.
Nomura Holdings Inc., Japan’s biggest brokerage, plans to sell securities tied to $440.1 million of new U.S. home loans without government backing, its first such deal since the debt helped spark the financial crisis in 2008.
A First Republic Bank unit was ordered to pay a retired Stanford University professor and his wife $2.18 million after arbitrators found the firm gave them only a “fleeting and slapdash” explanation of a municipal bond fund that imploded during the credit crisis in 2008.
BankUnited Inc., Comerica Inc., TCF Financial Corp., First Republic Bank and Texas Capital Bancshares Inc. are the most likely regional lenders to put themselves up for sale based partially on how much their chief executive officers stand to make from a deal, a report found.
Lawyers for Goldman Sachs Group Inc. will face Lorin Reisner, the deputy director of enforcement for the Securities and Exchange Commission , in the agency’s lawsuit over the bank’s use of subprime mortgage-backed securities.