By Neil Roland ( October 20, 2025, 21:57 GMT | Insight) -- Private equity companies and other nonbanks would be able to acquire a failed bank under rules to be proposed by the US Federal Deposit Insurance Corp., acting Chair Travis Hill said. Current resolution standards favor bridge banks — or temporary banks that take over a collapsed institution — which is “generally a costly, undesirable outcome,” he said. “Today nonbanks control substantial pools of capital that can be deployed to bid on assets of failed institutions and can be used in partnership with banks to bid on entire institutions,” said Hill, who has been nominated by President Donald Trump to be permanent FDIC chair.Private equity companies and other nonbanks would be able to acquire a failed bank under rules to be proposed by the US Federal Deposit Insurance Corp., acting Chair Travis Hill said....
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