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Wall Street Journal
Oct 26
Comment
Capmark, one of the nation's largest commercial-real-estate lenders, filed for bankruptcy protection in Delaware, the latest sign that problems in that market are far from over.
Bloomberg
Aug 31
Comment
Cerberus Capital Management LP plans
to raise money in the fourth quarter to buy distressed companies
and securities after losses on investments such as Chrysler LLC
and GMAC LLC led to $4.77 billion in client redemptions.
Forbes
Aug 28
Comment
With the assistance of Sen. Christopher Dodd, Carrington Capital lobbied hard for Fed money and came up empty-handed. Now what?
Bloomberg
Jul 9
Comment
Cerberus Capital Management LP, the
firm whose investments include Chrysler LLC and GMAC LLC, plans
to make clients wait as long as three and a half years to
withdraw all their money from its main hedge fund.
Wall Street Journal
Jul 9
Comment
Cerberus Capital moved to appease investors, setting a plan to sell assets for those who want out and setting new terms for those who stay.
Forbes
Jun 2
Comment
Depositors seeking high yields are pouring money into the weakest banks, making their eventual failures more costly.
Wall Street Journal
May 22
Comment
GMAC said it is looking to make $1 billion in cost cuts, or 20% of its expenses, by the end of the year as it seeks to return to profitability.
Wall Street Journal
May 21
Comment
All 10 stress-tested banks ordered to raise capital by the federal government are well on their way to plugging their combined $75 billion capital hole.
Wall Street Journal
May 9
Comment
GMAC could get federal funds as early as May 16. The government said it would provide more financing to GMAC after it assumed the mantle of lender for Chrysler dealers and consumers.
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