WASHINGTON (Reuters) - The government-run fund that safeguards U.S. bank deposits tumbled to a negative balance of $8.2 billion in the third quarter, ...
Banks earn $2.8 billion in 3rd quarter, but loan losses, failures show industry in turmoil The apparent end of the recession and stabilizing ...
FDIC's Bair says big banks aren't lending enough, using 'carry trade' to make money The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enough and warned the economy could take another ...
WASHINGTON/NEW YORK (Reuters) - A reserve fund must be established ahead of time to give the government the working capital it needs to dismantle large, troubled financial companies, a top U.S. bank regulator said on Tuesday. Sheila Bair, chairman of the Federal ...
FDIC's Bair pushes for regulatory changes, endorses fee on business before meltdown occurs The head of the Federal Deposit Insurance Corp. on Monday said Congress needs to provide regulators greater tools to control the risky financial behavior that helped trigger the recession ...
WASHINGTON - OCTOBER 29: Sheila Bair (2R), Chairman of the Federal Deposit Insurance Corporation and John C. Dugan (R), Comptroller of the Office of the Comptroller of the Currency, leave with others after the second panel during a hearing of the House ...
FDIC head Sheila Bair frustrated with perception taxpayers footing the bill for bank failures With the number of bank closings above 100 this year for the first time since 1992, the head of the Federal Deposit Insurance Corp. says she's frustrated at ...
WASHINGTON (Reuters) - The Obama administration within days will move to get tougher with large financial firms that are in trouble by urging Congress to let the government seize control, wipe out shareholders, boot management and restructure debts, an administration official said ...
CHICAGO (Reuters) - Key officials and lawmakers are reaching a "growing consensus" on the need for a strong mechanism that would allow the government to dismantle troubled financial giants, the chairman of the Federal Deposit Insurance Corp said on Monday. Sheila Bair ...
WASHINGTON (Reuters) - The number of U.S. bank failures this year reached 106 on Friday, when regulators closed seven more small banks, marking the highest annual level of failed institutions since 1992 during the savings and loan crisis. The number is expected ...
WASHINGTON (Reuters) - The number of U.S. bank failures this year reached 103 on Friday, when regulators closed four more small banks, marking the highest annual level of failed institutions since the savings and loan crisis. That number is expected to continue ...
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner and other regulators will testify next Thursday before a House of Representatives committee on systemic risk and other financial reform issues, said a House aide. Geithner will be joined by Federal Deposit Insurance Corp ...
