AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
First Nationwide Could Be Next.(Revlon might plan to sell parent company)(Brief Article)
Is Revlon chief Ronald Perelman ready to sell Golden State Bancorp here, which owns the nation's ninth largest residential servicer? Golden State isn't talking, but at least one stock analyst has suggested that the thrift - the nation's second largest - would make a nice little purchase for Citigroup, which owns CitiMortgage, St. Louis, the nation's 12th largest 'A' paper lender, and Associates First, the number one subprime lender and servicer in the U.S.
Sanford C. Bernstein analyst Jonathan Gray suggested recently that GSB "has historically expressed a willingness to consider" a sale to maximize shareholder value, but he admits that he has no knowledge of any talks between Citi and GSB.
GSB is the parent of First Nationwide Mortgage Corp., Frederick, Md., which ranks ninth among residential servicers with $114 billion in receivables, and 16th among originators.
Both GSB and FNMC have been mentioned in the past as takeover candidates. Last week both GSB and Citi declined comment, as did First Nationwide chief ...
- With GSB, Citi Will Jump to #6.(Golden State Bancorp; CitiMortgage)(Brief...
- Magazine article from: Mortgage Servicing News Muolo, Paul August 1, 2002 700+ words
...s recently announced plan to buy Golden State Bancorp, San Francisco, the question...servicer. By purchasing CalFed/GSB Citi is making a major push into...Citigroup's proposed acquisition of Golden State. Copyright c 2002 Thomson Media...
- With 1st Nationwide/GSB Deal Citi Jumps to #6 in Servicing.(First Nationwide...
- Magazine article from: Mortgage Servicing News October 1, 2002 700+ words
...590 CitiMortgage $ 111,978 917,798 Combined: $ 226,473 1,908,388 Notes: Citi's purchase of FN's parent, Golden State, was slated to close in Sept. Source: MSN/Quarterly Data Report. Questions? Email: paul.muolo<at>...
- Citigroup and Golden State Bancorp Announce Election Deadline In Connection...
- Press release article from: Business Wire August 15, 2002 700+ words
...between Citigroup (NYSE: C) and Golden State Bancorp (NYSE: GSB), as previously announced, Golden State stockholders wishing to make an...com. Based in San Francisco, Golden State Bancorp (NYSE:GSB - News) is the publicly traded...
- DCR Reaffirms Golden State Bancorp's Ratings and Assigns a Negative Rating...
- Press release article from: PR Newswire January 12, 2000 700+ words
...reaffirmed all ratings for Golden State Bancorp (GSB) and its subsidiaries...senior debt rating of Golden State Holdings (GSH). GSH...ahead of schedule. The GSB merger bolstered the...Reaffirmed Rating Outook Golden State Bancorp Senior Implied...
- Golden State Bancorp Announces Plans To Distribute Goodwill Litigation Tracking...
- Press release article from: PR Newswire October 28, 1997 700+ words
...Distribution to be Tax-Free to Golden State and Security Holders GLENDALE...Oct. 28 /PRNewswire/ -- Golden State Bancorp Inc. (NYSE: GSB), parent company of Glendale...exercise of the LTW(TM)s, Golden State common stock equal in value...
- Golden State Bancorp's Statement On Glendale Federal Supervisory Goodwill...
- Press release article from: Business Wire August 5, 2002 700+ words
...Aug. 5, 2002 Golden State Bancorp (NYSE:GSB), parent of California...court. On May 7, 1998 Golden State Bancorp issued Litigation...holders to receive GSB common stock equal...in San Francisco, Golden State Bancorp is the publicly...
- Golden State Bancorp Announces Litigation Settlement.
- Press release article from: Business Wire August 12, 2002 700+ words
...WIRE)--Aug. 12, 2002 Golden State Bancorp Inc. (NYSE:GSB), the publicly traded parent...brought in connection with Golden State's proposed merger with and...agreement entered into by Golden State, Citigroup, and a subsidiary...
- Golden State, an Investor, and the Clock: Structure of deals preserves profit...
- Magazine article from: American Banker Mandaro, Laura May 20, 2002 700+ words
...major shareholder in Golden State Bancorp, has been steadily...previous deals and became Golden State's president and chief...investment companies, GSB Investments, Mr. Perelman...one million shares of Golden State. The investment banking...
