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As the House Defeats $700B Financial Industry Bailout, Banks Will Turn to Private Equity Funds

228-205 vote to reject the $700 billion bill leaves financial institutions with very few options to stay afloat. Now the last resort for banks will have to be private venture capital. Peak Capital Group,LLC, (http://www.peakcapgroup.com) an Investment Fund Joint Venture, had announced last week they had won the bid for the purchase of a large pool of distress notes from one of the recent failing banks. (PRWeb Oct 1, 2008)

Read the full story at http://www.prweb.com/releases/2008/10/prweb1404104.htm

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PRWeb: Business Finance
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