Foley Partners Matthew Breuer and David Cook authored an article titled “FDIC Adopts Rules to Attract Private Equity Purchasers of Failed Banks” in the September 21, 2009 issue of Real Estate Finance & Investment. The authors discuss the new rules created by the Federal Deposit Insurance Corp. in order to encourage private equity firms to buy failed banks, noting that the FDIC is looking for non-bank investors to help defray the costs related to bank failures. They add that the FDIC’s willingness to adopt weaker private equity investment rules could spell opportunity for investors who are willing to operate by the new rules.
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Related Insights
26 April 2024
Article
Increased Tariffs on Imports of Selected Products
As an additional measure to those taken last year, the Federal Government again modified the Law of General Import and Export Taxes (Ley de los Impuestos Generales de Importación y Exportación) in order to provide fair conditions to national industry and prevent bad practices in international trade, promoting the development of national industry and supporting the domestic market to balance the situation faced with the global market that has taken place as a consequence of the nearshoring phenomenon.
26 April 2024
Article
Non-Competes: What the FTC’s Rule May Mean for Health Care & Life Sciences Providers
On April 23, 2024, the U.S. Federal Trade Commission finalized a rule, by a vote of 3-2, abolishing the vast majority of employee covenants not to compete across the United States
03 May 2024
Events
Takeaways from the Trenches: the JetBlue/Spirit Merger Trial
Foley Partner Ben Dryden will moderate a panel for the ABA State Enforcement and the Mergers and Acquisitions Committees as they host a panel consisting of both enforcers and private practitioners, who will discuss the JetBlue/Spirit merger and what this decision may mean for the future of merger enforcement, including in the airline industry.