Follow on Google News News By Tag * Private Equity * Failed Banks * Banking * Finance * Goldennetworking Com * Fdic * Sheila Bair * Fed * Ben Bernanke * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Blue Ribbon Panels to Bring High-Level DC Banking Insiders Together at Private Equity Leaders 2009Investment practitioners and Banking Regulatory experts to participate at GoldenNetworking.com's Private Equity Leaders Forum 2009, in New York City
By: GoldenNetworking.com Banks have been failing at a quickening pace with already more failures this year than all of 2008. The FDIC said its deposit-insurance fund, which backstops trillions of dollars in deposit accounts, fell to a negative $8.2 billion at the end of September, an $18.6 billion drop from the end of June, for just the second time in its history. The number of "problem" banks, which are at a greater risk of failure, rose to 552 in the third quarter, up from 416 at the end of the second quarter. Fifty banks failed in the third quarter, the most since the fourth quarter of 1992, when 55 banks failed. It seemed only a few months ago that the floodgates had opened for private equity firms buying stakes in banks and injecting much-needed capital in the system. The Blue Ribbon Panel assembled for Private Equity Leaders Forum 2009 includes private equity, investment and legal experts and executives that will examine the challenges and opportunities dealing with FDIC-conducted bank auctions. The following is a list of panelists for Private Equity Leaders Forum 2009: • Hans Amell, Chairman, Catalyst Acquisition Group • George Assad, Director of International Affairs, Blackstar Group LLC • Richard Coll, Of Cousel, DLA Piper • Rusty Conner, Managing Partner, Washington DC Office, DLA Piper • Richard Hollowell, Managing Director, Alvarez & Marsal • Lawrence Kaplan, Of Counsel, Paul, Hastings, Janofsky & Walker LLP • Carlos Mendez, Senior Managing Partner, ICP Capital • Vipal Monga, Senior Writer, The Deal • Kevin Petrasic, Of Counsel, Paul, Hastings, Janofsky & Walker LLP • Michael Reed, Partner, DLA Piper • Jeffrey Smith, Managing Director, Provident Group Ltd • Jonah Sonnenborn, Vice President, Dune Capital Management Sponsors are invited to contact GoldenNetworking.com by sending an email to info@goldennetworking.com to receive Private Equity Leaders Forum 2009's Sponsorship Package. This forum is produced by GoldenNetworking.com, the premier networking community for businessmen, entrepreneurs, professionals and diplomats, to experience what’s hot, new and next. GoldenNetworking.com has been frequently featured in the press, including a recent article in The New York Times, "GoldenNetworking.com Helps Job Seekers Make Overseas Connections" # # # GoldenNetworking.com is the premier networking community for businessmen, entrepreneurs, professionals and diplomats, to experience what’s hot, new and next End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|