Acquiring billions of dollars in assets from Signature Bank when it went under last year contributed to the Long Island lender’s troubles.
Category: Mergers, Acquisitions and Divestitures
-
After Figma’s $20 Billion Windfall Evaporated, It’s Picking Up the Pieces
Regulatory scrutiny felled the sale of Figma, a design platform, to Adobe. Now it’s grappling with employee expectations and a changing market.
-
Adam Neumann Wants to Take Over WeWork
Adam Neumann, the co-working company’s onetime chief, has sought for months to buy the now-bankrupt business, but accuses its current leaders of stonewalling him.
-
Tony Spring, Macy’s New C.E.O., Faces Retail Puzzle
Tony Spring, a Bloomingdale’s veteran, assumes the top job as an investor group threatens to take a buyout bid to shareholders.
-
Tony Spring, Macy’s New C.E.O., Faces Retail Puzzle
Tony Spring, a Bloomingdale’s veteran, assumes the top job as an investor group threatens to take a buyout bid to shareholders.
-
PGA Tour Raises $1.5 Billion From Group of U.S. Investors
The move, which involves the Fenway Sports Group, raises questions about whether a deal to combine forces with Saudi Arabia’s sovereign fund is still necessary.
-
Amazon Scraps Deal to Buy Maker of Roomba Amid Regulatory Scrutiny
Amazon walked away from the $1.7 billion acquisition of iRobot as it faces questions from regulators in the European Union and United States.
-
Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit
The buyout giant KKR pioneered a model of granting ownership stakes to employees at portfolio companies. Now it wants the approach to spread.
-
JetBlue Says It May Back Out of Deal to Acquire Spirit Airlines
JetBlue now says that it could back out of the acquisition just a week after the company said it intended to appeal a judge’s decision to block the deal.
-
Edward E. Crutchfield, 82, Banker Whose Deals Reshaped the Industry, Dies
He built a small Southern bank into a regional powerhouse, helping to turn Charlotte, N.C., into a national financial hub.