Carlyle Group news stories on Newser

Billionaire Pays to Fix Washington Monument

Kevin Spak — Thu, 19 Jan 2012 08:33:57 CST

Billionaire history buff and Carlyle Group co-founder David Rubenstein has agreed to chip in $7.5 million to help repair the damage the Washington Monument suffered in the August earthquake that shook the region. Congress had already allocated $7.5 million to the task, and expected an equal amount to...

Carlyle Group Files for IPO

Kevin Spak — Tue, 06 Sep 2011 10:10:52 CDT

The Carlyle Group is going public. The mammoth private equity company has filed paperwork with the SEC for what’s planned as a $100 million initial public offering, the Washington Post reports. The move will open its books to public scrutiny, shining a light on the array of 270 disparate businesses...

Carlyle to Pay $20M to Settle Pension Probe

Kevin Spak — Fri, 15 May 2009 07:04:51 CDT

The Carlyle Group will pay a $20 million settlement and adopt strict new ethics rules to appease New York Attorney General Andrew Cuomo, the Wall Street Journal reports. Cuomo had threatened to bring charges against the group or its employees as part of his pay-to-play probe into New York’s pension...

Private Equity Giants See Big Payday—If They Don't Go Bust

John Johnson — Fri, 02 Jan 2009 12:31:01 CST

None of the major players in the "shadow banking" world of private equity—the likes of Blackstone, Carlyle, and KKR—has yet gone bust, and the guessing game of which one will be first is well under way, reports Newser founder Michael Wolff in Vanity Fair . Don't hold your breath....

WaMu Looks to Private Equity as Bank Teeters

Jason Farago — Thu, 25 Sep 2008 08:52:01 CDT

Washington Mutual is hoping private equity will save the bank after its efforts to broker a sale to another financial institution came to nothing. Both the Carlyle Group and Blackstone are considering a takeover of WaMu, insiders tell the Wall Street Journal , although a deal is not yet assured. Many...

Lehman Shops Key Unit in Quest for Cash

Clay Dillow — Tue, 19 Aug 2008 08:50:01 CDT

Lehman Brothers is shopping a piece of its investment management unit, the Wall Street Journal reports, joining other large banks in shedding strong-performing businesses to offset mortgage meltdown losses. Lehman’s management business, which includes Neuberger Berman and hosts 27 mutual funds managing $22 billion in individual and institutional wealth, has...

Stocks Rally After Big Losses

Nick McMaster — Thu, 13 Mar 2008 16:01:52 CDT

Stocks rallied in the afternoon to recover big early losses, buoyed by a prediction from Standard & Poors that the end was in sight for banks' subprime writedowns. The Dow—at one point down more than 230 points—finished up 35.5 points to close at 12,145.74, MarketWatch...

Carlyle Near Collapse After Defaulting on $16B

Jason Farago — Thu, 13 Mar 2008 07:31:14 CDT

Carlyle Capital announced overnight that it is defaulting on $16.6 billion in debt, and its creditors are likely to take possession of its remaining assets. The latest casualty of the credit catastrophe is a major embarrassment for Carlyle Group, the private equity firm whose executives own 15% of the...

As Margin Calls Mount, Carlyle Holds 'Crisis Talks'

Kevin Spak — Mon, 10 Mar 2008 12:40:00 CDT

The Carlyle Group is holding emergency talks with lenders to try to save its drowning Carlyle Capital division, the Washington Post reports. Creditors have decided that Carlyle’s portfolio of traditionally safe mortgage-backed securities holdings isn’t good enough in the current market, and they're demanding $400 million more in collateral. Some...