Wednesday, April 7, 2010 as of 11:14 AM ET
Sheila Colleen Bair (born April 3, 1954) was the 19th Chairperson of the U.S. Federal Deposit Insurance Corporation (FDIC).
Read More at Wikipedia ›Derivatives regulation currently being drafted by regulators and a tougher Volcker rule will be enough to prevent other banks from suffering losses similar to J.
P. Morgan Chase & Co.'s surprise $2 billion-plus trading loss, said Rep. Barney Frank, the co-author of the Dodd-Frank Act implemented in the wake of the 2008-09 financial crisis.In an interview with MarketWatch on Friday, Frank, who is the top Democrat on the House Financial Services Committee, said that so far he doesn't see a need for legislation to break up the big banks, and took issue with concerns raised by critics that argue there would be political pressure to bail out financial institutions in another crisis.MarketWatch: Legislation was recently introduced by Democrats Sen. Sherrod Brown of Ohio and Rep. Brad Miller of North Carolina that would reduce the size of banks. Their argument is that J.P. Morgan's(JPM) losses may end up being much more than $2 billion, and that such trades would be systemic in a more-skittish...The chairman of the House subcommittee that oversees the mutual fund industry said Thursday he was “taken aback” when he learned of the high levels of short-term deb...
Will the U.S. government ever use its new power to break up large failing financial firms? Even top members of an advisory panel acknowledge the widespread skepticis...
FBN's Elizabeth MacDonald on the federal government investigation of BofA.
WASHINGTON (Reuters) - President Barack Obama plans to nominate Martin Gruenberg to be the next chairman of the Federal Deposit Insurance Corp, a top U.S. banking re...
By Dave ClarkeWASHINGTON (Reuters) - The Obama administration might nominate Federal Deposit Insurance Corp member Thomas Curry to oversee the largest banks as the n...
Major U.S. banks came under growing pressure from banking regulators to improve the security of their customer account information after Citigroup Inc became the lat...
WASHINGTON (Reuters) - A senior U.S. banking regulator urged Congress to raise the federal debt ceiling to prevent a "calamitous" government debt default.As she prep...
LONDON (Reuters) - The world's top banks will likely be hardest hit by new capital surcharges that would rise according to size, links to other lenders and how easil...
WASHINGTON (Reuters) - U.S. regulators should impose even higher capital requirements on large financial firms until they prove they can be wound down if they became...
FBN's Robert Gray breaks down the day in the markets.
Federal Deposit Insurance Corp Chairman Sheila Bair will leave the agency effective July 8, the FDIC announced on Monday.Bair began her five-year term as chairman in...
Sheila Bair , one of the top U.S. banking regulators, officially announced plans Monday to step down as chairman of the Federal Deposit Insurance Corporation when he...
J.P. Morgan Chase & Co.'s (JPM) revelation that it had taken a surprise and stunning $2 billion--possibly $3 billion--loss due to a high-risk trading strategy carrie...
Former FDIC Chairman Sheila Bair on the housing market and efforts to help homeowners who are underwater on their mortgages.
Former FDIC Chair Sheila Bair on efforts to resolve the European debt crisis and why the U.S. government won’t bail out banks.
By Dave ClarkeWASHINGTON (Reuters) - Banks and other large financial companies that could be seized and liquidated by the government are balking at a proposed plan t...
Wall Street icons Jaime Dimon and Larry Fink are rumored to be in the running to become President Barack Obama ’s top money man should Timothy Geithner step down as ...
A clash of titanic industries that has pitted bankers against retailers over how much it should cost to swipe your debit card and buy something is coming to a head.B...
FDIC Chairman Sheila Bair on Bank of America nearing a mortgage settlement for $8.5 billion.
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