Sources: Regulators scrutinize rules for acquirers of failed banks

03/29/2010 | Financial Times (tiered subscription model)

The Federal Deposit Insurance Corp., the Federal Reserve and the Office of the Comptroller of the Currency are discussing rules regarding companies that acquire failed banks, sources said. The rules allow buyers to book an accounting gain as they acquire a failed bank's assets at a discount. "The FDIC wants to make sure the acquirer has capital beyond the gain generated from the transaction," one source said.

View Full Article in:

Financial Times (tiered subscription model)

Published in Brief: