Official Policy Statement From Today's FDIC Board Meeting
After passing its revised policy for private equity investment in failed banks this afternoon with a four to one vote, the FDIC has released its full statement on the official policy. You can browse all 39 pages of it below. Here's the summary from the press release: The FDIC Board today adopted a final Statement of Policy on the Acquisition of Failed Insured Depository Institutions. This policy statement provides guidance to investors interested in acquiring or investing in the deposit liabilities of failed banks or thrifts about the standards they will be expected to meet in order to qualify to bid on a failed institution.
26 August 2009•2 mins read
