Michael Krebs featured in "The Pulse"Print PDF
Michael Krebs, co-chair of the firm’s Banking and Financial Services practice, was featured in “The Pulse” in the September 2009 issue of Mergers & Acquisitions. Mike discusses how private equity investment could play a significant role in resurrecting failed banks. He points out that private equity firms invested billions of dollars in IndyMac and BankUnited Deals and are poised to play a more significant role. Unfortunately, as noted by Mike the FDIC’s Proposed Statement of Policy on Qualifications for Failed Bank Acquisitions would impose significant burdens on bidders for failed banks that are backed by private equity investors and would likely squelch the interest in those funds have in injecting new capital into the banking system to fund acquisitions of failed banks.