0 minute readA group of Bank of America bankers is leaving the company to start an independent private-equity firm, BofA has confirmed. The group, led by Travis Hain, will split from BAML Capital Partners, BofA’s and Merrill Lynch’s combined private-equity unit, this summer. The new firm will raise cash from outside investors, but also will manage about $1.4bn of BofA’s private-equity portfolio, bank spokeswoman Jackie Fitzgerald says.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Exclusive: House Democrat reintroduces bill targeting mortgage credit access
The reintroduced legislation would require lenders to use consumer-permissioned data, rental and bank records, for applicants who request it.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
