New York Community Bancorp Inc. (NYCB) held informal discussions to acquire One West Bank Group LLC, three sources told Reuters this week. Funds managed by John Paulson and George Soros, owners of One West, have been planning an initial public offering (IPO), but could opt for a sale if they get a good price, according to the sources, which declined to be named because they are not allowed to speak to the media. One West held talks with a handful of banks, but NYCB is the only ongoing suitor they identified. NYCB is concerned about the quality of the mortgages of One West, sources added. Reuters added that One West, Paulson & Co. Inc., Soros Fund Management LLC and NYCB declined to comment.

Corvex Management LP is in discussions with the managemnt of The ADT Corporation to review strategies. Corvex Management LP and Soros Fund Management LLC, shareholders of The ADT Corporation, said certain persons, specifically from Corvex, have had conversations and meetings with the management of ADT Corp. to discuss the company's business and strategies. Corvex and Soros, said, "These discussions have reviewed, and may continue to review, options for enhancing shareholder value through various strategic alternatives including, but not limited to, improving capital structure and capital allocation, and general corporate strategies."

Soros Fund Management LLC has named Scott Bessent its new chief investment officer. The firm also noted that Mr. Soros' son, Jonathan, would be stepping away from day-to-day management of the firm to pursue other interests. Mr. Bessent replaces Keith Anderson, whose resignation from the post was announced along with the firm's decision to convert itself from a hedge fund. Mr. Bessent has previously worked for Soros, including a stint as head of London operations and head of global research. Most recently, Mr. Bessent worked at Protege Partners, an investment firm that seeds upstart hedge funds. Jonathan Soros leaves after nine years at the firm as a co-chairman along with his brother, Robert.