BankUnited, as I warned, is back in the news. It seems that the CEO of the “equity fund” that bought the bank (for virtually no money, as you should recall or can read here), John Kanas, is ready to cash in- for a price. BankUnited has retained Goldman Sachs to entice/entertain various offers. Two offers were already made (rumor says) and were undergoing evaluation: one from BBT (Branch Banking and Trust) and the other from Toronto-Dominion Bank (the entity who acquired Commerce Bank). (PNC Bank elected NOT to participate in this auction effort.)
Tag Archives: Goldman Sachs
Oligarchy Defined
Before I turn this series onto a focus on entrepreneurial ventures, which serve as the primary means the world has to exit the Great Recession, let’s review whether Occupy Wall Street is wrong in their annoyances. Two factors will be examined- people and corporations (you know, those artificial citizens).