Keep the money flowing…and follow the money!

CNBC-

OneWest Bank, which emerged from the wreckage of failed lender IndyMac, has held informal discussions with New York Community Bancorp about a possible sale, three sources told Reuters this week.

OneWest’s owners, which include funds managed by billionaire investors John Paulson and George Soros, have been exploring an initial public offering, but could opt to sell if they felt they could get a good price, according to the sources, who declined to be named because they are not allowed to speak to the media.

Pasadena, California-based OneWest has held talks with a handful of banks to gauge buyout interest, the sources said, but New York Community Bancorp was the only ongoing suitor they identified.

[CNBC]

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