We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Low and heavy

22 May 2009 By Robert Cyran

The consortium buying Florida s BankUnited will receive $12.7bn in troubled assets for a cash outlay of just $900m. The FDIC will assume much of any resulting losses. The deposit insurance agency s fiscal straits and heavy workload are forcing it to conduct fire sales.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)