BX

Will the U.S. retreat from new rules that would make it harder for private-equity firms and hedge funds to buy failed banks? From Kohlberg Kravis & Roberts and Blackstone to Wilbur Ross and John Paulson, private investors have been pushing back against the changes, saying they're too onerous....

It looks like Wilbur Ross and John Paulson have some company. Ross, who runs the private equity shop WL Ross & Co., and Paulson, the chief executive of hedge fund manager Paulson & Co., oppose new rules under discussion in Washington that would make it harder for firms like theirs to buy...

Back when the current disaster was getting started, our 74th Treasury Secretary Hank Paulson had the idea of buying toxic waste from banks. This was his plan to save the world from financial Armageddon and he got Congress to allocate what then sounded like quite a bit of money -- $750 billion --...

Citigroup (C) shares are in a free fall in pre-market, diving about 45% after the U.S. government did a deal to convert $25 billion of its preferred stock in the beleaguered bank to common stock, giving it a stake of up to 36 percent in the bank. Other banks are dropping on Citi news: Bank of...