KKR, Blackstone: New rules on deals for failed banks are too strict


It looks like Wilbur Ross and John Paulson have some company.

Ross, who runs the private equity shop WL Ross & Co., and Paulson, the chief executive of hedge fund manager Paulson & Co., oppose new rules under discussion in Washington that would make it harder for firms like theirs to buy failed banks.

Now, as the window for public comment on the proposed changes closes, Kohlberg Kravis Roberts and the Blackstone Group (BX), two of the biggest private equity firms, say they too would probably be discouraged by the new rules from buying failed banks after they've been seized by the government.