SLM Corp., the largest student loan company, will pay $2 million and implement a new code of conduct to settle an inquiry by New York Attorney General Andrew Cuomo into deceptive loan practices. The largest student loan provider will stop offering perks to college employees as part of a settlement announced Wednesday in a broadening [...]
Blackstone Group LP is reportedly contemplating a $20 billion acquisition offer for SLM Corp., the largest U.S. student-loan provider popularly known as Sallie Mae. According to the reports, the firm is also involved in takeover talks with a group consisting of the private equity firm J. C. Flowers & Company and JPMorgan Chase. Investors reacting [...]
SLM Corp, the nation’s largest provider of student loans, has agreed to be acquired by the two private-investment funds and banks J.P. Morgan Chase & Co. and Bank of America Corp. for $25 billion. The purchase has pushed the firm into private hands amid intense political scrutiny of the student-lending industry. In the meanwhile, JC [...]
