Sheila Bair on PE Bank Investments: "Unmoved" or "May Relax"?
The final version of the FDIC's proposed rules for private equity investments in banks won't take effect for at least a month, but that won't stop news organizations from digging around. Today the NY Post contradicted our report from yesterday which quoted Wilbur Ross calling the FDIC roundtable discussion "highly productive." Ross seemed hopeful that the FDIC would grant a few concessions on the agency's strict proposed rules. The Post took a different bent, painting FDIC Chairman Sheila Bair as "unmoved" by the buyout firms' pleas. Citing an anonymous source, the story said "regulator has made her mind up when it comes to PE firms buying banks: Thanks, but no thanks."
8 July 2009•3 mins read
