The property slump is hitting home for Sheila Bair, chairman of the Federal Deposit Insurance Corp. -- one of the few regulators who saw trouble in th...
Dan Dorfman | Posted 07.26.2009 | Business
Plenty of Wall Streeters buy a rosy view, theorizing that this fall will mark the end of the nasty recession and produce a conspicuous economic upswing that will subsequently drive stock prices higher. But skeptics abound.
CNN Money | Posted 07.20.2009 | Business
Regional banks in North Carolina, Kansas and Georgia were closed by state regulators Friday, bringing the total number of failed banks this year to 40...
HuffingtonPost.com | Julie Satow | Posted 07.17.2009 | Business
USA Today had a story Tuesday that pointed out how regulators were regularly absent as the banks they were supposed to be overseeing failed under moun...
usatoday.com | Posted 07.17.2009 | Business
When ANB Bank of Arkansas failed last year, it was easy to blame executives whose pursuit of high-adrenaline growth led to the bank's demise. But now ...
Robert Teitelman | Posted 07.12.2009 | Business
In the run-up to testimony by Bank of America chief Ken Lewis on the Merrill Lynch & Co. affair, e-mails are suddenly leaking from the Beltway colander, though their ultimate source, strangely enough, is that opaque wonderland, the Federal Reserve.
HuffingtonPost.com | Julie Satow | Posted 07.12.2009 | Business
Contrary to popular belief, the Public-Private Investment Program, a centerpiece of the government's strategy to rescue the nation's banks, is not dea...
New York Times | ERIC DASH | Posted 07.11.2009 | Business
Tough words from Washington arrived by phone on Tuesday at Citigroup headquarters in New York. On the line was Sheila C. Bair, the head of the Fede...
Robert Scheer | Posted 07.10.2009 | Business
You probably don't know much about Sheila Bair, but she is looking out for you, and that is why the big guys on Wall Street and their allies in the Obama administration are out to get her.
Raymond J. Learsy | Posted 07.10.2009 | Business
There is nothing wrong with a world-class bank helping in the financing of trade. But when the bank itself becomes the principal, the next financial crisis is not far around the corner.
AP | MARCY GORDON | Posted 07.07.2009 | Chicago
WASHINGTON — Regulators on Friday shut down Bank of Lincolnwood, a small bank in Illinois, marking the 37th failure this year of a federally ins...
AP | Posted 07.06.2009 | Business
NEW YORK — The Federal Deposit Insurance Corp. is reportedly pressing for a management shake-up at embattled bank Citigroup Inc., putting CEO Vi...
nytimes.com | STEPHEN LABATON | Posted 07.02.2009 | Business
WASHINGTON -- The Obama administration will soon propose a comprehensive plan to expand the authority of the government to seize large troubled compan...
nytimes.com | FLOYD NORRIS | Posted 06.29.2009 | Business
Overall loan quality at American banks is the worst in at least a quarter century, and the quality of loans is deteriorating at the fastest pace ever,...
Lesley Stern | Posted 06.29.2009 | Comedy
Many banks won't accept deposits of less than $100. Those that do tend to get a little uppity when presented with a deposit in 20 lbs. of rolled pennies.
Robert Teitelman | Posted 06.28.2009 | Business
Will an all-powerful Fed retain its traditional autonomy, or will it take orders from Treasury, the White House and Congress?
Wall Street Journal | Posted 06.27.2009 | Business
A government program designed to rid banks of bad loans, part of a broader effort once viewed as central to tackling the financial crisis, is stalling...
bloomberg.com | Margaret Chadbourn and Alison Vekshin | Posted 06.27.2009 | Business
May 27 (Bloomberg) -- U.S. "problem" banks climbed 21 percent to the highest total in 15 years in the first quarter, and provisions set aside for loan...
AP | MARCY GORDON | Posted 06.27.2009 | Business
WASHINGTON — The nation's banks turned a profit in the first quarter, but the number of problem banks jumped to the highest level in 15 years an...
wsj.com | DAVID ENRICH, LIZ RAPPAPORT and JENNY STRASBURG | Posted 06.27.2009 | Business
Some banks are prodding the government to let them use public money to help buy troubled assets from the banks themselves. Banking trade groups are...
CNN | David Ellis | Posted 06.25.2009 | Business
Small banks facing severe loan losses and in need of capital continue to operate, indicating a reluctance on behalf of regulators to shut them down....
AP | Posted 06.21.2009 | Business
WASHINGTON — Regulators on Thursday shut down BankUnited FSB, a struggling Florida thrift whose closure is expected to cost the Federal Deposit ...
AP | Posted 06.21.2009 | Business
WASHINGTON — Regulators on Thursday shut down BankUnited FSB, a struggling Florida thrift whose closure is expected to cost the Federal Deposit ...
Huffington Post | Ryan McCarthy | Posted 06.15.2009 | Business
Who will be the next CEO to get the ax? In an interview with Bloomberg television to be aired this weekend, FDIC chairman Sheila Bair says that some b...
AP | Posted 06.14.2009 | Business
KANSAS CITY, Mo. — An economist on leave from the federal agency that insures bank deposits has been charged with the April 11 attempted robbery...
wsj.com | SIMMI AUJLA and SARA LIN | Posted 07.27.2009 | Business