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FDIC to ‘move fast’ on private equity

The FDIC, the US bank regulator, is expected to move quickly to finalise guidelines on private equity investments in failed banks, possibly easing one of its most controversial proposals, reports Reuters. The rules could be finalised within  this month and might see a key measure being proposed for banks to be bought by private equity, the Tier 1 leverage ratio, reduced from a proposed 15% to around 10%, industry sources said.

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