Posted by Reuters: Business News on July 31, 2011
NEW YORK (Reuters) – HSBC Holdings Plc on Sunday said it plans to shed nearly half of its underperforming U.S. branch network, selling 195 branches to First Niagara Financial Group Inc for about $1 billion, and closing 13 others.
Posted by Reuters: Business News on August 19, 2010
BANGALORE (Reuters) – First Niagara Financial Group Inc said it will buy NewAlliance Bancshares Inc for $1.5 billion in cash and stock to boost its presence in the New England region.
Posted by Reuters: Business News on November 19, 2009
NEW YORK (Reuters) – Ambac Financial Group Inc said on Wednesday that the statutory capital of its main unit was well above a regulatory minimum at the end of the third quarter, easing concerns the company would fall short of funds and risk being taken over by state officials.
Posted by Reuters: Business News on October 13, 2009
NEW YORK (Reuters) – Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct knowledge of the situation.
