FDIC Policy for Failed Bank Buyers May Discourage Private Investors
July 10, 2009
Proposed federal standards that raise the bar for potential buyers of failed banks and thrifts may end up discouraging private investors from bringing much-needed capital to the banking industry, observers say. In proposed new guidance and eligibility standards for private investors in failed banks or thrifts, the Federal Deposit Insurance Corp. said it wants to make sure these buyers...