The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Thursday, December 13, 2012

Fed tells top banks to avoid major acquisitions.

The Fed is reportedly discouraging top U.S. banks from making large acquisitions as it informally uses powers it received under the Dodd-Frank Law and attempts to limit the ability of banks to threaten the stability of the financial system should they fail. Those told not to make major purchases include Capital One Financial (COF) after its $9B acquisition of ING's (ING) U.S. online business

No comments:

Post a Comment