The Federal Deposit Insurance Corp. is trying to encourage public retirement funds that control more than $2 trillion to buy all or part of failed lenders, taking a more direct role in propping up the banking system, said people briefed on the matter.
Direct investments may allow funds such as those in Oregon, New Jersey and California to cut fees for private-equity managers, and the agency to get better prices for distressed assets, the people said. They declined to be identified because talks with regulators are confidential.
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earlier:
Conservation Groups Align With World’s Worst Polluters
Major environmental groups are coming under criticism from within their own ranks for taking positions that some say are antithetical to their stated missions of saving the planet.
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