J. C. Flowers news stories on Newser

Wreck of IndyMac Sold for $13.9B

Rob Quinn — Sat, 03 Jan 2009 08:41:00 CST

A team of high-profile investors has bought the remains of failed bank IndyMac from the FDIC for $13.9 billion, the Wall Street Journal reports. The investors, including George Soros and computer tycoon Michael Dell, have agreed to share the losses from IndyMac's portfolio of troubled mortgages in a deal...

Loan Giant Sallie Mae Goes Private

Sarah Levy — Tue, 17 Apr 2007 08:37:55 CDT

A group of investors is buying student lending giant Sally Mae for $25 billion, even as Capitol Hill debates reducing federal subsidies for student loans. The company—which began as a quasi-public agency—will be taken private by Bank of America, JPMorganChase, and private equity houses J. C. Flowers and...