Thursday, 31 July 2014
Last updated 18 hours ago
Sep 12 2008 | 11:57am ET
Despite the ongoing credit crisis, opportunities for private equity in the financial services sector remain compelling.
According to a Piper Jaffray report, since last August financial institutions have written balance sheet values down by approximately $500 billion. And with total loss estimates ranging from $1 trillion to $2 trillion, financial institutions are likely to experience additional losses and write-downs.
“Financial services companies, as well as regulators, shareholders, boards of directors and management teams, are recognizing the value-added sources of smart capital that private equity represents,” said Tom Chen, head of the financial institutions group at Piper Jaffray. “Forty percent of all private equity deals announced in 2008 involved financial services companies as compared to only 2%in 2001.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…