Apollo Management’s plans to start a new bank, using a team of execs from Countrywide Financial, has created a lot of buzz and confusion. Buyout shops that acquire more than 25% of a bank are deemed a ...

The Financial Times recently reported that private equity firm Apollo Management plans to launch its own bank, by using “an obscure provision buried in the US financial regulations.” Or, as the ...

Apollo Bank in Miami, which called off plans to sell to a credit union last year, has a new president. The $850 million-asset bank said in a press release Tuesday that it had hired Ramon Rodriguez to ...