US lender tie-up creates $75 bln-assets institution, exits EverBank backers
A new tie-up between US lenders would create an institution with $75 bln in assets and provide an exit for private-equity backers of EverBank, while also diversifying the specialty firm amid regulatory and private-credit changes.
A new tie-up between US lenders creates an institution with $75 bln in assets and provides an exit for the private-equity backers of EverBank. The deal also broadens the specialty firm, which benefited from the growth of non-bank upstarts but is facing pressure as rules loosen and private credit slows.