FDIC Looks to Spur Private Equity Bids for Failed Banks

Also, a spate of legislation targets prediction markets; SEC and CFTC sign new cooperation agreement

Travis Hill has been hinting that he wants to make it easier for investors – particularly private equity firms – to acquire failing banks. While the strategy has largely fallen out of favor since the financial crisis, the FDIC chief today outlined a series of significant policy changes aimed at welcoming competition back into the fold.

Speaking at the Am…