Citi Spinoff Mints $4.4 Billion Fortune for Europe Buyout Barons
About three decades ago, a group of Citigroup Inc. dealmakers including Donald Mackenzie, Steven Koltes and Rolly van Rappard left the Wall Street giant to strike out on their own.
About three decades ago, a group of Citigroup Inc. dealmakers including Donald Mackenzie, Steven Koltes and Rolly van Rappard left the Wall Street giant to strike out on their own.
Exxon Mobil Corp. plunged the most in six months after higher-than-expected maintenance costs diminished oil-refining results.
Carlyle Group Inc. and the family owners of Tamko Building Products are considering a sale that could value the maker of roof shingles at more than $3.5 billion, according to people familiar with the matter.
A selloff in US Treasuries paused on Friday, bringing yields down from their highest levels of the year, after a report on inflation allayed concern about a spate of hotter-than-expected price data.
The municipal-bond market’s regulator published a note highlighting the risks of buying Build America Bonds that are trading at more than 100 cents on the dollar, which expose investors to potential losses as governments increasingly buy them back under refinancings.
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