Vice Chair for Supervision Randal Quarles’ announcement that the Federal Reserve is re-examining its framework for making control determinations under the Bank Holding Company Act is a welcome development. In critiquing the control framework, which has developed piecemeal over decades, Vice Chair Quarles called it “complex and occasionally opaque” and … Read More
Over the past 30 years, we have seen explosive growth in private equity, both in the number and types of funds and in the enormous allocation of capital to the asset class. Along the way, we have witnessed different cycles of M&A activity involving private equity businesses or teams.
While those of us in parts of the Mid-West and the East Coast received a snowy reminder this week that winter is still with us, a modest thaw of sorts nevertheless arrived on Thursday in Washington, D.C. for banking M&A and views on financial stability. The Federal Reserve has not … Read More