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South Florida

BankUnited shares drop

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The Federal Deposit Insurance Corp. closed bids for Coral Gables-based BankUnited, which must either raise capital or find a buyer. It’s the largest Florida-based bank, and it was devastated by bad real estate loans. Bidders are thought to include TD Bank, with the assistance of Goldman Sachs; the combination of W.L. Ross, Carlyle Group and Blackstone Group; and the J.C. Flowers & Co. hedge fund.

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BanksBlackstoneFDICReal Estate CompaniesReal Estate Groups