First Marblehead Moves Into Tuition Services
First Marblehead(FMD), which we wrote about several years ago when securitizations were still possible and the stock price was far higher, has muddled its way through the financial crisis. Cash-rich, but still without any significant traction in its core business, the company announced it will be buying the tuition management systems business of KeyBank, for $47,250,000 in cash.… Read More »