Paul Hastings LLP said Douglas Flaum has joined the firm as a partner in New York. He was previously at Fried, Frank, Harris, Shriver & Jacobson LLP, where he was head of the securities and shareholder litigation practice.
Michigan municipalities are selling the most bonds since July, showing investors are warming to the state’s debt after Detroit’s record bankruptcy led to the postponement of at least $131 million of deals.
Capital One Financial Corp.’s planned purchase of ING Groep NV’s U.S. online bank won approval from the Federal Reserve, clearing the way for the credit-card lender to add about $80 billion in deposits.
NewStar Financial Inc., the lender backed by private-equity firms Corsair Capital LLC and Capital Z Partners Management LLC, is extending its sale process into 2014, three people familiar with the matter said.
Capital One Financial Corp., the lender that agreed to buy ING Direct USA in June, is in advanced talks to purchase HSBC Holdings Plc’s credit-card portfolio, according to a person familiar with the discussions.
U.S. regulators will give the public more time to comment on Capital One Financial Corp.’s proposed purchase of HSBC Holdings Plc’s U.S. credit-card business after consumer and housing advocates opposed the deal.