Slideshow PE's Punch, Cautious Forecasts, and the Dodd-Frank Drag

Published
  • May 24 2012, 12:23pm EDT
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Investor Cries Foul

"Bureaucrats fear private equity players as slippery, clever sharpies."

—Wilbur Ross, chairman and CEO of WL Ross & Co. (Image: Michael Chu)


Regulators Fight Back

"Replace private equity fund with Wal-Mart and then see how you feel about them having a controlling influence over a depository institution."

—Federal Reserve lawyer Amanda K. Allexon (Image: Bloomberg News)

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Cautious Forecast

"I don't think the tsunami of consolidation is right upon us," though bank M&A will increase, said Thomas B. Michaud, the chief executive of Keefe, Bruyette & Woods (KBW). (Image: Michael Chu)

Tough Love For Community Banks

"Sit down and shut up."

—Greg Mitchell, CEO of First PacTrust (FPTB) (Image: Michael Chu)


The Dodd-Frank Effect (Small Banks)

"There are relatively the same number of motivated sellers of financial institutions … but the uncertainty of the implementation of Dodd-Frank is a natural concern" that makes buyers hesitate.

Mark Olson, co-chairman of Treliant Risk Advisors and a former Federal Reserve governor. (Image: Bloomberg News)

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The Dodd-Frank Effect (Big Banks)

Approvals of major deals by Capital One and RBC were "much more painful and took a lot longer time. That kind of process delay affects people's willingness to go forward with mergers."

John Dugan, a partner at Covington and Burling and former comptroller of the currency. (Image: Bloomberg News)


Problem Bank List as Lead Sheet

"There is more capital available for troubled banks, and there are a lot of institutions looking for pre-failure deals. The level of failure deals is going to decline."

John F. Vogel, deputy director of risk management for the FDIC's New York region (Image: Bloomberg News)


Another Failure Surge to Come?

"I do worry we still have 800-and-some-odd problem banks, [and] we clearly aren't coming out of this recession like we usually do."

Timothy W. Long, managing director of the New York office of Protiviti and a former OCC official

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Managing Up

"If the regulators are not your best friend you're talking to regularly, you're going to have a problem."

—MidSouth Bancorp (MSL) CEO Rusty Cloutier (Image: Michael Chu)


Reassuring the M&A Target's Employees

"We try really hard to tell people, 'You are going to have a job in our retail system.' … There's no point in scaring people."

—Daryl Byrd, the CEO of Iberiabank (IBKC) (Image: Michael Chu)