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Article: Federal Reserve Board Policy Statement On Equity Investments In Banks And Bank Holding Companies.
- Article from:
- Mondaq Business Briefing
- Article date:
- September 25, 2008
CopyrightCOPYRIGHT 2008 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Originally published September 24, 2008
Keywords: federal reserve board, policy statement, equity investments, BHCs, banking organizations, private equity, nonbank investors, Bank Holding Company Act, BHCA
On September 22, 2008, the Board of Governors of the Federal Reserve System (Board) released a policy statement (Policy Statement) that liberalizes to some extent the ability of investors to make noncontrolling equity investments in US commercial banks and bank holding companies (BHCs) (collectively "banking organizations"). The Policy Statement provides useful guidance and relief to private equity and other nonbank investors with respect to the ...