JC Flowers & Co LLC

Type: Company
Name: JC Flowers & Co LLC
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

One Savings Bank directors bag £34m from share awards scheme

Twelve directors of were handed £34m by the lender's June float thanks to a lucrative private equity award scheme. , Andy lding, the former boss of hired just over two years ago by JC Flowers, the private equity owner of , was the biggest beneficiary ... [Published Mortgage Solutions - Jul 28 2014]
First reported Jul 23 2014 - Updated Jul 24 2014 - 1 reports

Hedge Fund-Backed Bank Bought

Two banks rescued by hedge and private-equity funds during the financial crisis are set to merge in a deal that will see those saviors earn more than $3 billion.CIT Group said yesterday that it would buy OneWest Bank for $3.4 billion in cash and stock. ... [Published FINalternatives - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Ashurst advises OneSavings Bank on its £134 million London IPO

Ashurst has advised OneSavings Bank plc ("OSB"), the specialistlending and savings group, on its successful £134 million initialpublic offering ("IPO") on the Main Market of the London StockExchange. OSB was formed in 2011 following the recapitalisation ... [Published Ashurst - Jul 23 2014]
Entities: IPOs, Bank, London
First reported Jul 23 2014 - Updated Jul 23 2014 - 2 reports

The Morning Leverage: A Failed Lender Proves to Be Successful Bet

Mike Lucas for Dow JonesFrom this morning’s LBO Wire:Partners Group is looking to pick up some pipe with Fermaca. The Swiss firm is aiming to raise about half a billion dollars to acquire natural gas pipelines in Mexico that would be operated by Partners ... [Published ACQ Magazine - Jul 23 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 2 reports

Private Equity Star Flowers: 'I Guarantee We Will Have Another Banking Crisis'

The bevy of regulation since the 2008 financial crisis has weakened the banking sector to the point that another meltdown is inevitable, says private equity star J. Christopher Flowers, CEO of J.C. Flowers. ... [Published Moneynews - Jul 21 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 1 reports

Mr Fixit's big bank theory

OneSavings Bank in mid-June 2914 staged an initial public offering in the UK, the first lender to do so in that market for more than 10 years. It is one of the businesses owned by JC Flowers, a company now led by ex-Westpac Banking CEO David Morgan from ... [Published Individual.com - Jul 21 2014]
First reported Jul 20 2014 - Updated Jul 20 2014 - 1 reports

Bank management at fault in GFC: Morgan

David Morgan, who led Westpac for close to a decade before retiring in 2008, has labelled bank management shortcomings as the key factor behind the global financial crisis, The Australian Financial Review reports.Dr Morgan, now an executive at US private ... [Published Business Spectator - Jul 20 2014]
First reported Jul 20 2014 - Updated Jul 20 2014 - 4 reports

JC Flowers: deals after the storm

The private equity investor, who specialises in the financial services sector, is upbeat despite knocks taken during the global crisis ... [Published Financial Times - Asia homepage - Jul 20 2014]
First reported Jul 11 2014 - Updated Jul 11 2014 - 1 reports

The Expert View: RBS, Ashmore and Associated British Foods

Investec is urging investors to close their short positions on RBS (RBS) and upgraded the stock.Analyst Ian Gordon upgraded his recommendation from ‘sell’ to ‘hold’ but retained a target price of 325p on the shares, which were trading at 314.9p at yesterday's ... [Published Wealth Manager - Jul 11 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

There is money to be made in bonds - active income portfolio July 14 update

When most investors consider where big capital gains are to be made, they naturally think of shares - perhaps racy issues that don't pay a dividend and are just in the process of establishing a track record. Otherwise they might identify spread betting, ... [Published Money Observer - Jul 10 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

'It was losing so much money'

Moments before markets opened at the London Stock Exchange on Thursday, June 5, Andy Golding felt like he was on the set of a sci-fi film.As he slotted a glass plaque bearing his company’s name into a computer, it barked “market opening initiated” back ... [Published Kent Business - Jul 10 2014]
First reported Jul 01 2014 - Updated Jul 01 2014 - 1 reports

Flower workshop set for July 20

The Kauai Aloha Design Studio Workshop — Intimate to Ultimate will be July 20 at the Aqua Kauai Beach Resort, featuring designers, Hitomi Gilliam AIFD from Vancouver, B.C. Canada, and Lois Hiranaga AIFD from Maui.“We want to show wedding planners there ... [Published Kauai Garden Island News - Jul 01 2014]

Quotes

"The (OneWest) transaction diversifies and lowers the cost of CIT's deposits, broadens the products we can offer to our middle-market clients, is accretive to earnings and return on equity" , Chief Executive John Thain said in a statement
"American banks have been able to restructure their balance sheets and cut costs quicker than their European rivals, which have been hit by the eurozone crisis and have much more poorly performing assets on their balance sheets" said Steven Lewis, lead global banking analyst at EY
"People went back to first principles with Campbell," Murray said in March 2014. "We can do that. Like Campbell, we can lay down a blueprint for our financial system."
..."Stock prices are better, and [buyers] are able to offer a little better price," he said. "We are looking at cleaner deals with better premiums. It's back to the old way we used to do deals. It goes in cycles."

More Content

All (74) | News (39) | Reports (0) | Blogs (33) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
sort by: Date | Relevance
One Savings Bank directors bag £34m from share ... [Published Mortgage Solutions - Jul 28 2014]
Ashurst advises OneSavings Bank on its £134 mil... [Published Ashurst - Jul 23 2014]
Hedge Fund-Backed Bank Bought [Published FINalternatives - Jul 23 2014]
The Morning Leverage: A Failed Lender Proves to... [Published ACQ Magazine - Jul 23 2014]
CIT to buy OneWest Bank for more reliable fundi... [Published PE Hub Blog - Jul 23 2014]
The Morning Leverage: A Failed Lender Proves to... [Published WSJ.com: Private Equity Beat - Jul 23 2014]
CIT to buy OneWest Bank to boost middle-market ... [Published Reuters - Jul 22 2014]
UPDATE 1-CIT to buy OneWest Bank to boost middl... [Published CNBC - Jul 22 2014]
Dodd-Frank Has Damaged Banks And The Economy [Published Live Trading News - Jul 22 2014]
Private Equity Star Flowers: 'I Guarantee We Wi... [Published Moneynews - Jul 21 2014]
We’re Heading Towards Another Financial Crisis [Published Yahoo! UK and Ireland - Jul 21 2014]
J Christopher Flowers warns of banking crisis [Published CNBC - Jul 21 2014]
Mr Fixit's big bank theory [Published Individual.com - Jul 21 2014]
Bank management at fault in GFC: Morgan [Published Business Spectator - Jul 20 2014]
JC Flowers: deals after the storm [Published Financial Times - Asia homepage - Jul 20 2014]
JC Flowers: deals after the storm [Published FT.com - Financials - Jul 20 2014]
JC Flowers: deals after the storm [Published FT.com - Companies UK - Jul 20 2014]
JC Flowers: deals after the storm [Published FT.com - Companies US & Canada - Jul 20 2014]
Murray Inquiry report - The Financial System In... [Published Banking Day - Jul 15 2014]
Shinsei Bank, Ltd. SB No.1: R&I Assigns BBB+ [Published Noodls - Jul 11 2014]
The Expert View: RBS, Ashmore and Associated Br... [Published Wealth Manager - Jul 11 2014]
There is money to be made in bonds - active inc... [Published Money Observer - Jul 10 2014]
'It was losing so much money' [Published Kent Business - Jul 10 2014]
Bank mergers on the rise in NJ [Published North Jersey.com - Jul 06 2014]
Flower workshop set for July 20 [Published Kauai Garden Island News - Jul 01 2014]
Banco Popolare Sc finalizes sale of Eurovita As... [Published Reuters - Jul 01 2014]
Banco Popolare Societa Cooperativa : Finalized ... [Published 4 Traders - Jun 30 2014]
FORTRESS INVESTMENT : Easterly Capital Taps And... [Published 4 Traders - Jun 23 2014]
IFCI to Divest Stake in Non-core Business [Published New Indian Express - Jun 20 2014]
Easterly Capital appoints Fortress’ Andrew Dempsey [Published PE Hub Blog - Jun 19 2014]
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Blogs

sort by: Date | Relevance
CIT to buy OneWest Bank for more reliable fundi... [Published PE Hub Blog - Jul 23 2014]
(Reuters) – U.S. small-business lender CIT Group Inc said it would buy California bank OneWest Bank NA for $3.4 billion in cash and stock, a deal that will give CIT a more reliable source of funding. Shareholders of IMB Holdco LLC, OneWest’s parent ...
The Morning Leverage: A Failed Lender Proves to... [Published WSJ.com: Private Equity Beat - Jul 23 2014]
Mike Lucas for Dow Jones From this morning’s LBO Wire: Partners Group is looking to pick up some pipe with Fermaca. The Swiss firm is aiming to raise about half a billion dollars to acquire natural gas pipelines in Mexico that would be operated ...
Easterly Capital appoints Fortress’ Andrew Dempsey [Published PE Hub Blog - Jun 19 2014]
Andrew P. Dempsey, former chief operating officer of Fortress Investment Group ‘s Permanent Capital Business Group, has joined Easterly Capital , a private investment firm founded by former Affiliated Managers Group chief financial officer Darrell ...
The Morning Leverage: Some Business News on Was... [Published WSJ.com: Private Equity Beat - Jun 05 2014]
Mike Lucas for Dow Jones From this morning’s LBO Wire: Wasserstein & Co. is making business news, literally. The firm has agreed to purchase publisher ALM Media Properties from London firm Apax Partners and the Royal Bank of Scotland for $417 million, ...
Easterly Capital expands team with two new addi... [Published PE Hub Blog - Jun 04 2014]
Beverly, Mass.-based Investment firm Easterly Capital has hired David Cody and Avi Kalichstein to its team. Cody is a co-founder and former CEO of MatlinPatterson Asset Management while Kalichstein is a founder of Solel Investment Group as well ...
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