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Private Equity Firms Are Busy Buying Up Banks

August 30, 2010

Activity is surging this year, both in number and in deal size.

By Stephen Taub

Let’s face it. This is a great time to own a bank — provided you aren’t saddled with old, lousy non-performing loans. Borrowing costs are virtually nil, just look at the recent rates you are receiving on your money market funds or certificates of deposit. And bank depositors are known for their inertia.

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