FDIC chairman says loopholes must be filled in Senate overhaul bill to end 'too-big-to-fail' A key senator has agreed with the head of the Federal Deposit Insurance Corp. to change new Senate legislation to ensure an end to the "too-big-to-fail" approach that ...
ORLANDO, Florida (Reuters) - The U.S. Senate Banking Committee will remove a provision from the financial reform bill that bank regulator Sheila Bair said could allow for "backdoor bailouts," a panel spokeswoman said on Friday. Sheila Bair, chairman of the Federal Deposit ...
Federal Reserve Board should give consumers option to avoid costly overdraft fees One of the banking industryÕs dirty little secrets is the massive amount of money it makes each year in fees from customers who have overdrawn their accounts. The Center for ...
WASHINGTON (Reuters) - U.S. bank regulators may extend a guarantee program set up at the peak of the financial crisis, fearing that ending the program could spark liquidity failures at small banks. Sheila Bair, chairman of the Federal Deposit Insurance Corp, said ...
ARLINGTON, Virginia (Reuters) - U.S. banking regulator Sheila Bair said on Monday that a low interest rate policy is "clearly appropriate" to get credit flowing, while also saying regulators should stop short of ordering banks to lend. Bair, chairman of the Federal ...
FDIC head makes pitch again for new consumer protection agency The head of the Federal Deposit Insurance Corp. pitched again Monday for a new agency for consumer financial protection, now a key sticking point in Senate talks in legislation to overhaul the ...
<div><p>WASHINGTON (Reuters) - Problem U.S. banks and thrifts on an official watchlist rose more than a third to 416 in the second quarter of 2009, as bad loans continued to bite, but regulators saw signs of stabilization in the industry.</p><p>The Federal Deposit ...
<div id="subtitle">Bank insurance fund down 20 percent in 2nd quarter, FDIC's Bair says no plans to tap Treasury</div><div><p>The agency that guarantees bank deposits said Thursday there are no immediate plans to borrow money from the government to bolster its insurance fund, which ...
<div id="subtitle">Number of 'problem' banks is at a 15-year high</div><div><p> Federal regulators say 416 banks are now on their "problem list," up from 305 a month ago. And the Federal Deposit Insurance Corporation's (FDIC) insurance fund is at its lowest ebb since ...
<div><h1> PRIVATE EQUITY WAITS OUT THE FEDS </h1><p>The U.S. is making it tough for private equity firms to buy ailing banks. In late August the Federal Deposit Insurance Corp. imposed stricter rules for acquisitions, the latest move in a long game of ...
