Today we are facing a severe economic crisis which is placing unprecedented stress on every sector of financial system. At the same time a golden opportunity born from the crisis is sitting at our doorstep waiting for us to take action. Seventy-five years ago (1934) in the face of the Great Depression...
The other day my boss commented that, "If every employee contributed half of their life savings to our firm, we'd be on the road to profitability!" I knew things were getting tough when they replaced "Bring Your Child to Work Day" with "Bring Your Child to do Work Day"...
When considering a significantly burdensome assessment to the industry, the Federal Deposit Insurance Corporation should strike the right balance to assure there are enough funds to meet its obligations without impairing banks' ability to meet the needs of their local communities, according to the...
Morgan Stanley CEO John Mack Says 2009 Will Be a "Difficult Year" - Exclusive Interview with Former FDIC Chairman William Isaac (Bloomberg News)
Insight the bank rescue plan, with Bill Seidman, fmr. FDIC chairman; Lee Hoskins, Pacific Research Institute; Vincent Reinhart, fmr. Fed Monetary director; Bill Isaac, fmr. FDIC chairman; and CNBC's Larry Kudlow.
Live! From Washington D.C.: Exclusive Interview with FDIC Chairwoman Sheila Bair (Bloomberg News)
Federal Deposit and Insurance Corporation (FDIC) head Sheila Bair said Monday that some U.S. financial institutions may be beyond help from U.S. government agencies, and some banks will close. In a conference call with reporters, Bair touted the U.S. Treasury's plan introduced this morning to remove...
The Federal Reserve and Federal Deposit Insurance Corporation want to create systemic regulator in the United States and overhaul the financial system to prevent and limit impacts from financial crises, according to officials from both bodies. "It seems equally clear that each financial regulator...
The Federal Deposit Insurance Corporation extended a program that allows bank holding companies to issue government-backed debt on Tuesday. The FDIC extended the deadlines to issue debt and for the debt to expire by six months each for the Temporary Liquidity Guarantee Program. "The TLGP has been...