PE Firms Shopping Around

A consortium of private equity firms,including W.L. Ross and Company and The Blackstone Group,L.P. has taken over Bank United FSB,which was closed by the Federal Deposit Insurance Corporation.The FDIC will share the risk of the bank's troubled assets with the consortium.It is the first of several such deals the consortium is interested in.Bank United has 86 branches,served by 1,000 employees.The deal will cost the FDIC 4.9 billion dollars.Bank United will now be led by former North Fork Bank CEO John Kanas.