FDIC May Reveal Nonbank Guidance

The Federal Deposit Insurance Corp. is expected to consider guidance Thursday on the eligibility of nonbank firms to invest in or buy failed banks.

The FDIC in May, upon announcing the sale of failed BankUnited to a team of private-equity investors, said the agency would lay out clearer guidelines on allowing investors to make such bids.

The eligibility of firms to buy depository institutions has been a hot topic as the crisis has shrunk the number of firms able to put up the capital.

In its two costliest resolutions during the crisis, BankUnited and IndyMac, the FDIC turned to private-equity groups for winning bids.

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