Centerbridge Partners’ Top Real Estate Dealmaker Rahm to Depart
Centerbridge Partners’ Billy Rahm, who oversees global real estate investing, is leaving the firm, according to people with knowledge of the matter.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Centerbridge Partners’ Billy Rahm, who oversees global real estate investing, is leaving the firm, according to people with knowledge of the matter.
Uniti Group Inc. is in advanced talks to reunite with telecommunications provider Windstream in a merger that could be valued at up to $15 billion, including debt, according to people familiar with the matter. Uniti rose as much as 13%.
Figure Technology Solutions Inc. tapped Michael Tannenbaum as its new chief executive officer, ahead of the financial-services firm’s potential initial public offering.
Sales of new homes in the US bounced back broadly in March as an abundance of inventory helped drive prices lower.
Australian Retirement Trust has become the country’s latest pension fund to open a London office, as the fast-growing retirement sector hunts for deals beyond its backyard.
Jun 17, 2019
Bloomberg News
,(Bloomberg) -- Craig Phillips, a top aide to Treasury Secretary Steven Mnuchin, left the agency last week before the release of a housing-finance plan he was expected to finish, according to people familiar with the matter.
Phillips, who said in May that he was planing to step down, led the Treasury Department’s effort to draft a plan to get Fannie Mae and Freddie Mac out of U.S. conservatorship. Federal Housing Finance Agency Director Mark Calabria said last week that he hoped Treasury’s plan to return the companies to private ownership would come by the end of the month. The White House is reviewing a draft of the proposal, people familiar with the matter have said.
Read More: Trump’s Architect of Wall Street Deregulation to Leave Treasury
Phillips didn’t respond to a request for comment. His name was also removed from a list of Treasury department officials and an message to his Treasury email bounced was returned as undeliverable.
Phillips, a former BlackRock and Morgan Stanley executive, was also the architect of much of the President Donald Trump’s plan for relaxing regulation of Wall Street bank and Treasury’s point person for banks and asset managers. He was Mnuchin’s pick for FHFA director, according to a person familiar with the matter, an appointment that ultimately went to Calabria.
To contact the reporter on this story: Austin Weinstein in New York at aweinstein18@bloomberg.net
To contact the editors responsible for this story: Jesse Westbrook at jwestbrook1@bloomberg.net, Gregory Mott
©2019 Bloomberg L.P.