Unstructured Finance

Deals wrap: ING Direct USA up for sale

March 9, 2011

CIT Group CEO John Thain is shown in New York in this November 17, 2009 file photo. REUTERS/Brendan McDermidDutch financial group ING has kickstarted an auction to find a buyer for its U.S. online banking operation ING Direct as part of an effort to raise funds to pay back state aid it received during the financial crisis in 2008.

Icahn’t: Carl says no time for blogging, too little interest

October 22, 2009

DEAL/Could Carl’s silence be golden?

Our favorite billionaire blogger and corporate raider Carl Icahn is safely avoiding writer’s cramp. His Icahn Report, launched to much fanfare as a hub for corporate governanceĀ  and reform, has not been updated since April 16.

DealZone Daily

October 15, 2009

Mining group Xstrata did not support hopes of a more general M&A rebound on Thursday, announcing itĀ had no intention of offering for rival Anglo American and that it continued to assess a range of alternative growth options. Read the Reuters report here.

DealZone Daily

October 13, 2009

American International Group has agreed to sell it’s Taiwan life insurance unit for $2.15 billion, a key step in its effort to raise cash after a U.S. government bailout last year saved the company from collapse, Reuters reports.