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CORUS Bankshares News Editors

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CORUS Bankshares News

News on CORUS Bankshares continually updated from thousands of sources around the net.

Saturday Nov 7 | CNN

Meet the new leaders of banking

JPMorgan Chase, Wells Fargo and other bank behemoths have bulked up over the past year.

Comment?

Related Topix: Wells Fargo , Banking, Financial Services, MB Financial, Houston Metro, City National

Fri Oct 16, 2009

Bloomberg Business News

Buyers Sue Trump in Miami Condo Glut as Values Seen Returning to '89 Level

Robert Cooper says he has found a way to make money in South Floridaa s real estate bust.

Comment?

Related Topix: Miami Metro, Miami, FL, World News, Russia, Florida, Aventura, FL, Banking, Financial Services

Thu Oct 15, 2009

Daily Business Review

GMAC's Ally builds deposits by needling rivals, raising rates

MAC Inc., the lender that received two U.S. bailouts, has attracted $2.9 billion of new deposits and riled its rivals by offering the highest interest rates and running advertisements that portray bankers as deceptive.

Comment?

Related Topix: Torrance, CA, IndyMac Bancorp, Financial Services, Banking, Marketing

Tue Oct 13, 2009

Bloomberg

Starwood, TPG Make Winning Corus Bid in Jostle for Cheap Real Estate Loans

A group led by Starwood Capital LLC and TPG beat out seven other bidders to buy the assets of failed lender Corus Bankshares Inc .

Comment?

Related Topix: Travel/Tourism, Hotels, Starwood Hotel and Resorts Worldwide, Banking, Financial Services, New York, US News

Sun Oct 11, 2009

Bloomberg

Corus Sale May Be Model as Funds Target Failed Banks for Distressed Assets

Starwood Capital Group LLC and TPGa s agreement to buy $4.5 billion of Corus Bankshares Inc.

Comment?

Related Topix: Travel/Tourism, Hotels, Starwood Hotel and Resorts Worldwide, Banking, Financial Services, Home, Mortgage, Personal Finance, New York

Fri Oct 09, 2009

Daily Herald

Corus sale may be model for distressed sale

Starwood Capital Group LLC and TPG's agreement to buy $4.5 billion of Corus Bankshares Inc.'s real estate assets shows investors are ready to bet on distressed property -- as long as the U.S. helps finance the deals.

Comment?

Related Topix: Travel/Tourism, Hotels, Starwood Hotel and Resorts Worldwide, Banking, Financial Services, Home, Mortgage, Personal Finance, New York

Wed Oct 07, 2009

The Washington Post

Business Digest: Investors Buy Assets of Corus Bankshares

Among the holiday offerings from luxury retailer Neiman Marcus's Christmas Book is a cupcake car, which sells for $25,000. Enlarge Photo COMMENT 0 Comments Your browser's settings may be preventing you from commenting on and viewing comments about this item.

Comment?

Related Topix: Financial Services, Banking

Tue Oct 06, 2009

Bloomberg.com

Starwood Capital Said to Outbid Rivals by 20% for Corus Bankshares Assets

Investors led by Starwood Capital Group LLC and TPG won an auction for the real estate assets of failed Chicago lender Corus Bankshares Inc .

Comment?

Related Topix: Banking, Financial Services, New York

Mon Oct 05, 2009

Bloomberg Business News

Starwood Capital-Led Group Is Said to Win Auction for Corus Bank's Assets

A group led by Starwood Capital Group LLC won the bidding for the assets of Corus Bankshares Inc., the Chicago lender seized by regulators after its portfolio of construction loans soured, according to people familiar with the decision.

Comment?

Related Topix: Banking, Financial Services, Home, Mortgage

Sat Oct 03, 2009

Market Watch

Starwood Capital likely Corus auction winner: WSJ

A group of investors led by private-equity firm Starwood Capital Group is the likely winner of an auction for Corus Bankshares Inc.'s /quotes/comstock/11i!cors /quotes/nls/cors assets, The Wall Street Journal reported Friday on its Web site, citing unidentified sources familiar with the matter.

Comment?

Related Topix: Financial Services, Banking

Sat Sep 19, 2009

MarketWatch

Indications: U.S. stock futures fall on China trade-war worries

U.S. stock futures on Monday weakened amid concerns about the prospect of a trade war on the eve of the one-year anniversary of the Lehman Brothers bankruptcy.

Comment?

Related Topix: Investment Banking, Lehman Brothers Holdings, Investment Services, Financial Services, Financial Markets, Banking, Sprint, Telecom, IT Services, Johnson and Johnson, Biotech, Medicine, Healthcare Industry

Thu Sep 17, 2009

Curbed LA

What Does Corus's Collapse Mean for You, Downtown Buyer?

Corus Bankshares, the Chicago-based bank that helped back Concerto, Solair, Evo, and other recently completed LA projects, was taken over by the FDIC last week .

Comment?

Related Topix: Financial Services, Banking

Wed Sep 16, 2009

Seeking Alpha

MB Financial's Acquisition of Corus Branches: A Good Deal

We don't have a position in MB Financial , but the company is getting such a good deal in its acquisition of the branches of the just-seized Corus Bankshares that I can't help but make a comment.

Comment?

Related Topix: Financial Services, MB Financial, Banking

Tue Sep 15, 2009

Palm Beach Post

Corus takeover could be good for South Florida condo market

Following the failure of Chicago's Corus Bankshares and its seizure by federal regulators, speculation this week focused on the fate of the lender's $4 billion in commercial loans, a good quarter of them secured by condominium projects in South Florida.

Comment?

Related Topix: Florida, Banking, Financial Services, Marketing, Miami, FL, Miami Metro

Mon Sep 14, 2009

GlobeNewswire

NASDAQ Changes Trading Halt Status of Corus Bankshares, Inc.

The NASDAQ Stock Market announced today that the trading halt status in Corus Bankshares, Inc.

Comment?

Related Topix: Financial Services, Banking

The Sligo Champion

President to get new neighbours

THE 17-room home next door to US President Barack Obama 's Chicago house has been put up for sale.

Comment?

Related Topix: Home Listing, Home, US Politics, US News, Barack Obama, Banking, Financial Services

Sun Sep 13, 2009

Chicago Tribune

Regulators seize Corus Bankshares, sell deposits to MB Financial

MB Financial Inc., which has shown a willingness to buy failed banks, has bought the branches and deposits of Chicago-based Corus Bankshares Inc., the condominium lender seized Friday by banking regulators.

Comment?

Related Topix: MB Financial, Banking, Financial Services, MB&A, Inc., Startups, Chicago Metro, Foreclosures, Business News

Sat Sep 12, 2009

MiamiHerald.com

Miami Dolphins owner Ross approved for bank; may bid on Corus assets

Miami Dolphins owner Stephen Ross has won permission to form a bank that may help him bid for assets of troubled condo lender Corus Bankshares, which was seized by federal regulators Friday, according to recently released documents.

Comment?

Related Topix: Banking, Financial Services, Miami Metro, MB Financial, Travel

Fri Sep 11, 2009

Chicago Sun-Times

Federal regulators shut down Corus Bankshares

Federal authorities Friday shuttered Chicago-based Corus Bank, making it the biggest financial institution in the area to succumb to the financial crisis.

Comment?

Related Topix: Chicago Metro, Banking, Financial Services, MB Financial, MB&A, Inc., Startups, Home, Mortgage, Personal Finance

Palm Beach Post

Dolphins owner, partners approved to charter SJB National Bank

Related Cos. managers including Chief Executive Stephen Ross got the go-ahead to charter a bank, a move that may help them bid for Corus Bankshares Inc.

Comment?

Related Topix: Banking, Financial Services, Transportation, Florida East Coast Industries, Railroads, Birmingham, AL, Birmingham Metro

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