Capmark Financial Files For Bankruptcy

Rozens, Aleksandrs
November 2009
Mergers & Acquisitions Report;11/2/2009, Vol. 22 Issue 44, p21
The article reports on the bankruptcy of Capmark Financial Group. It is the newest casualty of the credit crisis in the U.S. that has been running for three years. Jay Levine, president and chief executive of Capmark, cited the weak financial and commercial real estate markets as the factors that contributed to their bankruptcy.


Related Articles

  • Capmark Financial Files for Bankruptcy. Rozens, Aleksandrs // High Yield Report;11/2/2009, Vol. 20 Issue 44, p23 

    The article reports on the bankruptcy filing of Capmark Financial Group in Delaware in November 2009. According to the company, it will use the filing to implement a restructuring that will reduce its corporate debt and maximize value for its stakeholders. Capmark President and Chief Executive...

  • Infusion Approved For Capmark Bank.  // American Banker;12/29/2009, Vol. 174 Issue 229, p7 

    The article discusses the financial performance of commercial real estate lender Capmark Financial Group Inc. To satisfy federal regulations, Capmark Financial Group Inc. has been permitted by bankruptcy courts to distribute money to its subsidiary bank, Capmark Bank. According to U.S. Federal...

  • Bankrupt Capmark In $8.8M Bonus Plan.  // American Banker;2/16/2010, Vol. 175 Issue 24, p14 

    The article reports that Capmark Financial Group Inc. is attempting to pay $8.8 million in bonuses to insiders, in conjunction with the completion of sales of the commercial property lender's assets and confirmation of a Chapter 11 plan.

  • Capmark Financial to Sell Mortgage Biz. Hudgins, Matt // National Real Estate Investor;Oct2009, Vol. 51 Issue 9, p10 

    The article reports on Capmark Financial Group Inc.'s plan to sell off its mortgage-origination and loan servicing business to resolve its financial problems in the U.S. According to Jeff Zaun, the associate director at Standard & Poor's, the move of the company will enable it to stabilize the...

  • Executives assess Capmark bankruptcy impact.  // SCTWeek;10/30/2009, Vol. 14 Issue 43, p2 

    In this article, several executives examine the overall repercussions of Capmark Financial Group's bankruptcy filing. Richard Swartz, of Cushman & Wakefield Sonnenblick Goldman, said that it will affect Capmark's assets. Dan Fasulo, managing director of research at Real Capital Analytics says...

  • Capmark files for bankruptcy protection.  // Estates Gazette;10/31/2009, Issue 943, p36 

    The article reports that Capmark Financial Group, a specialist property lender in the U.S., has filed for Chapter 11 bankruptcy, making it one of the biggest victims of the economic downturn. The bank posted a 1.6 billion U.S. dollar loss in the last quarter due to high loan defaults. On the...

  • CapMark Appoints CEO and President.  // American Banker;6/6/2006, Vol. 171 Issue 107, p11 

    This article reports that William F. Aldinger 3rd, who led Household International for nearly a decade before selling it to HSBC Holdings PLC, has come out of retirement to run CapMark Financial Group, which General Motors Corp. recently sold. Aldinger, age 58, succeeded Robert D. Feller on June...

  • Capmark Abandons Bank Holding Bid. Berry, Kate // American Banker;2/27/2009, Vol. 174 Issue 39, p7 

    The article reports that Capmark Financial Group Incorporated has withdrawn its U.S. Federal Reserve Board application to become a bank holding company. The commercial real estate finance company is also discussing with lenders restructuring its credit and bridge loan agreements to avoid...

  • Charter teetering toward Chapter 11. Szalai, Georg // Hollywood Reporter;2/11/2009, Vol. 408 Issue 27, p2 

    The article focuses on the increasing probability of Charter Communications to file for Chapter 11 bankruptcy. With a deadline looming, the cable operator has been mum on whether its talks with debtholders are likely to yield a result other than a Chapter 11 bankruptcy filing. Charter has...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics