Billionaire Investors Rejoice As CIT and OneWest Are Set to Merge

MICHAEL J. DE LA MERCED, NY Times Five years ago, after the mortgage market had imploded, a group of investors — including the billionaire hedge fund managers George Soros and John A. Paulson — banded together to create a new bank from the wreckage of the failed California lender IndyMac. Now those investors are set for a big payday, thanks […]