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IPFS News Link • Economy - Economics USA

U.S. softens stance on private equity bank deals

• Reuters
U.S. banking regulators partially retreated from a much-criticized proposal to impose new rules on private equity investment in troubled banks, aiming to encourage responsible investment in distressed banks.

The 4-1 vote by the Federal Deposit Insurance Corp board was a partial victory for potential investors and some regulators who had warned that an initial proposal unveiled in July threatened to scare away much-needed capital.


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Comment by Anonymous
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Go figure... Does David Rubenstein Own Elizabeth Warren? Carlyle Group's Davis Rubenstein wants to gobble up smaller banks from around the country. Lately, Elizabeth Warren has been running around the country talking to anyone who will listen and telling them that small banks are undercapitalized and need a cumulative additional $12 to $14 billion. Guess who wants to supply that amount (with the help of government financing)? The recent report by Warren's Oversight Committee also includes the $12 to $14 billion number. The word is she also said pretty much the same thing during a Morning Joe appearance.