July 7, 2009
FDIC Approves Proposed Policy Statement on Investor Qualifications for Failed Bank Acquisitions
On July 2, the FDIC released a Proposed Policy Statement on Qualifications for Failed Bank Acquisitions. The purpose of the release is to provide private investors, including private equity funds, with guidelines regarding the terms and conditions of investments or acquisitions of assets and liabilities of failed banks or thrifts.
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Thanks for the FYI >> am interested how the proposal will look after the comment period, particularly in light of the 15% leverage requirements. I wrote a brief post on this earlier this week,
Thanks again for the info - best. Sls.
Posted by: Sls | Jul 9, 2009 3:21:32 PM