Posts tagged 'Leucadia'

Jefferies-Leucadia: the beef

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Nov 12 2012 15:16 | Comment |

All right, a presentation.

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CitiFinancial sale plans scaled back

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Jul 07 2011 04:34 | Comment |

Citigroup has scaled back the planned sale of its former CitiFinancial unit as part of negotiations with Centerbridge and Leucadia, as potential buyers grapple with how to fund the business as a standalone entity. Citi is discussing a sale of about $9bn in assets, held within the consumer lending business recently renamed OneMain Financial, people familiar with the matter told the FT. About $4bn in property assets have been carved out of the sale. The bank has gone backwards and forwards with potential buyers as to the composition of the asset pool, those people said, which began at $13.5bn. Berkshire Hathaway, Warren Buffett’s investment vehicle, is providing financing to Centerbridge and Leucadia to help fund OneMain, one person familiar with the matter said. Read more

Capmark in Berkshire asset deal

| Sep 03 2009 04:57 | Comment |

Warren Buffett’s Berkshire Hathaway and Leucadia National agreed to buy Capmark Financial Group’s mortgage loan and servicing business for as much as $490m, increasing exposure to a possible US housing recovery, reports Reuters. Capmark, one of the largest US commercial real estate finance companies, also said it may file for Chapter 11 bankruptcy protection after soured loans left it with a $1.62bn Q2 loss. Read more