Fortress (FIG) And Blackstone (BX) Moving Higher On News of FDIC Vote Looming
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Shares of Fortress Investment Group (NYSE: FIG) are moving higher today as news crossed the wires that the FDIC will be reporting next week on the proposal giving private equity firms more lenient terms when investing in failed banks.
When the news of this vote occurring soon, Fortress quickly shot up 4.2% from $4.70 to $4.90. Fortress is up up 7.24% the day.
Another asset manager, Blackstone Group (NYSE: BX) also had a similar pop, moving up 2% to $13.55.
When the news of this vote occurring soon, Fortress quickly shot up 4.2% from $4.70 to $4.90. Fortress is up up 7.24% the day.
Another asset manager, Blackstone Group (NYSE: BX) also had a similar pop, moving up 2% to $13.55.
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