Apollo Management has signed a preliminary agreement to buy Citigroup's property investment unit in a deal that would give Leon Black's private equity firm a far bigger presence globally, people familiar with the matter say
Senators in the banking committee have agreed in principle to a partially pre-funded 'resolution authority' to wind down a failing bank holding company, favouring a structure that would levy a $50bn charge on the industry
The troubled car and home lender said that Robert S. Hull would leave the company at the end of the month, creating uncertainty at GMAC as it tries to repay billions in taxpayer aid
Liberty International's proposed demerger of its £6.1bn property empire marks the beginning of a new era for the UK real estate investment trust sector
