Caroline Humer
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PNC eying Capmark's servicing unit--sources
NEW YORK/WILMINGTON, Del., Nov 13 (Reuters) - A unit of PNC Financial Services Group Inc <PNC.N> is considering a bid for Capmark's mortgage servicing portfolio that may "significantly" top an agreed deal with Warren Buffett, according to sources. ... Full Article
PNC eying Capmark's servicing unit: sources
NEW YORK/WILMINGTON, Delaware (Reuters) - A unit of PNC Financial Services Group Inc <PNC.N> is considering a bid for Capmark's mortgage servicing portfolio that may "significantly" top an agreed deal with Warren Buffett, according to sources. Full Article
Investors ask courts for bigger piece of pie
NEW YORK (Reuters) - Hedge funds, private equity firms and institutional investors left on the sidelines in pre-bankruptcy negotiations are asking the courts to let them help divide up the remains anyway. Full Article
NYC wants Tavern on the Green suit in federal court
NEW YORK (Reuters) - New York City wants to take its trademark fight with operators of bankrupt restaurant Tavern on the Green to federal district court, according to court papers on Friday. Full Article
May be more defendants in Galleon case-SEC lawyer
NEW YORK, Nov 4 (Reuters) - There is "a real possibility" of additional defendants in the insider trading case against the Galleon hedge fund, its founder Raj Rajaratnam and others, a lawyer for the U.S. Securities and Exchange Commission said on Wednesday. ... Full Article
UPDATE 3-CIT Group files for prepackaged bankruptcy
* Bondholders to get equity in new company plus new debt Full Article
CIT Group files for prepackaged bankruptcy
NEW YORK (Reuters) - CIT Group Inc, a century old lender to hundreds of thousands and small and medium-sized businesses, filed for bankruptcy on Sunday, as the global credit crisis left it unable to fund itself and the recession clobbered its loans. Full Article
UPDATE 4-CIT Group files for bankruptcy, among biggest in US
* Bondholders to get equity in new company plus new debt Full Article
UPDATE 1-Delphi, Appaloosa-led group settle-sources
NEW YORK, Oct 29 (Reuters) - Delphi, the auto parts maker that emerged from a four-year bankruptcy earlier this month, has settled a lawsuit with a group of investors led by hedge fund Appaloosa Management, according to sources familiar with the situation. ... Full Article
Judge delays deadline in Capmark servicing sale
WILMINGTON, Del., Oct 27 (Reuters) - A bankruptcy judge on Tuesday rejected plans by Capmark Financial Group Inc for a Saturday bid deadline for its mortgage servicing business, which it has proposed selling to Berkshire Hathaway Inc <BRKa.N> and ... Full Article
