Private Equity Investment: Navigating The Mine Fields

Law360, New York (October 21, 2008, 12:00 AM EDT) -- Facilitating private equity investment in financial institutions has become a top priority in Washington, as banks and thrifts continue to struggle with losses in their mortgage and commercial real estate portfolios.

In furtherance of that priority, on Sept. 22, 2008, the Federal Reserve issued a much anticipated policy statement on minority equity investments in banks and bank holding companies.

The policy statement relaxed some of its long-standing policies related to what constitutes control or controlling influence so that significant non-controlling investments could be made by private...
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