Office of Thrift Supervision

Private Equity To Save Banks? Without Fed Regulation?

It’s been well known that private equity firms are a viable white knight for banks who are temporarily troubled but may be good bets long term. So if they take majority stakes in banks, are they subject to the same rules as banks, or is this an end-run around the rules? According to a Bloomberg

IndyMac Shut Down By Office of Thrift Supervision

In a press release 4 days ago, IndyMac said they were shutting down their retail and wholesale lending units but keeping their 33 branch banking network. The next day, a private equity firm purchased IndyMac’s retail lending operations for an undisclosed amount. Today, the Office of Thrift Supervision shut down IndyMac’s retail banking operations and