Fed Move Would Ease Investing in Banks |
| Washington Post - Jun 26, 2008 |
The Federal Reserve is considering making it easier for private-equity firms to invest in banks, which would smooth the way for huge new capital infusions to the troubled financial sector.
Financial companies, reeling from losses, have raised more than $300 billion in the past year as they have tried to rebuild their capital, and they may need to raise billions more. Top officials, including Fed Chairman Ben S. Bernanke and Treasury Secretary Henry M. Paulson Jr., have strongly encouraged banks to raise more money.
But now the previous sources of those funds, buyers of public offerings of stock and foreign investors, have lost money and become wary . Private-equity firms, which assemble vast pools of money and invest them, are eager to invest in banks but have been largely absent from those deals.
Read Full Article from Washington Post
- Posted: 2008-06-26 22:10:26
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
