Contributor : afitzgerald
This article describes capital raising trends and why banks are increasingly using sub debt.
Seven banks have filed for IPOs already this year, putting 2014 on pace to become the most active year for bank IPOs in a decade. What is fueling the increase in bank IPO activity, and is it sustainable?
Section 363 of the Bankruptcy Code has been utilized for decades to sell assets of distressed companies. Yet, only recently has Section 363 been used in the banking industry to sell bank subsidiaries out from under distressed holding companies.
Andrew Fitzgerald of Hovde Group LLC looks at the significant challenges facing the banking industry.