FDIC to Tap Securitization Market

March 3, 2010

The U.S. agency, seeking to rid itself of assets from failed banks, will sell three new guaranteed deals totaling $4 billion. Included are assets held by Houston’s Franklin Bank and Chicago’s Corus Bank.

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CIBC, Carlyle Buy Bank Stake in Bermuda Bank

March 3, 2010

Canadian Imperial Bank of Commerce and Carlyle Group led a $550 million investment in Bermuda’s largest independent bank, Bank of N.T. Butterfield.

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HKEx Loses IPO as Its Woe Grows

March 3, 2010

The move by Chinese automobile dealer Zhongsheng is the latest sign of weakness in the Hong Kong market for initial public offerings.

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