for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

US FDIC to vote Aug 26 on private equity rules

WASHINGTON, Aug 19 (Reuters) - The Federal Deposit Insurance Corp will meet next week to vote on its policy for private equity investments in failed banks, according to an agenda posted to its website.

The agency will meet Aug. 26 to vote on previously proposed capital requirements and other guidelines for private equity groups seeking to buy failed banks.

The FDIC will also consider whether to extend its transaction account guarantee program and will vote on a rule about the capital treatment of off-balance-sheet entities that will soon be brought back on banks’ books. (Reporting by Karey Wutkowski)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up