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Daily Business Review: Bank United Deal Clears Path For Private Equity

Several dozen large banks may turn to private equity firms as they run out of alternatives this year. George Harper, a founding partner of the Miami, Florida law firm Harper Meyer Perez Hagen O’Connor & Albert, LLP and who practices international banking and transactional law, states that large banks just become too big for other banks to step in. The Federal Deposit Insurance Corp. (FDIC) calculates that Bank United’s failure cost them $4.9 billion. Private equity banking structures may follow the venture capital model. For the complete article, go to: http://www.dailybusinessreview.com