The largest banks are reportedly increasing the amount of overdraft fees they collect from their customers. » Read More
Former FDIC Chairman Sheila Bair discusses her new book called, "Bull By the Horns," and shares her perspective on the financial crisis. "I think [Timothy Geithner] did what he thought was right, it's just that we had a profoundly different philosophical disagreement," she says.
Discover Bank is paying $214 million to settle charges that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring.
A range of regulatory failures caused the financial crisis in 2008, and the Dodd-Frank Act will not prevent a future financial crisis, two bank executives told CNBC's "Squawk Box" on Wednesday.
The Federal Deposit Insurance Corp released on Tuesday a fairly rosy quarterly banking profile for the second quarter of 2012, saying net income and lending were on the rise as the number of problem banks fell.
As banks hurdle toward a July 2 deadline requiring them to submit liquidation roadmaps (living wills) to regulators, analysts are raising serious questions about the utility of such preparation in a real crisis scenario.
CNBC's Kayla Tausche has the details on what banks plan to do in the event of another financial crisis.
Amid worries that Greece might ditch the euro after its upcoming election, the telltale sign of such a move will likely come much sooner, Benn Steil of the Council on Foreign Relations said Wednesday.
JPMorgan’s much ballyhooed $2 billion loss is no reason to ramp up regulations, noted bank analyst Dick Bove said Monday.
Following news this week that JPMorgan Chase lost $2 billion on a bad hedging strategy, former FDIC Chairman Bill Isaac on Friday urged U.S policies to prevent banks that are “too big to fail.”
A preview of JPMorgan's CEO, Jamie Dimon's interview on "Meet the Press". Also, CNBC's John Harwood reports JPM's $2 billion banking blunder is drawing increased Congressional scrutiny, and debating whether it's time to break-up the big banks, with Rep. Brad Sherman, (D-CA); Rep. David Schweikert, (R-AZ); and Bill Isaac former FDIC chairman.
Regulators should encourage big banks to restructure themselves, says Sheila Bair, Pew Charitable Trusts and former FDIC chair, explaining why she sees the U.S. banking system as "vulnerable."
Without relief from Dodd-Frank, former FDIC chairman Bill Isaac said he wouldn't be surprised if half of the community banks in the U.S. went out of business.
The latest stress test results showed banks are stronger but didn't detail all the risks to investors, Sheila Bair, the former head of the FDIC, told CNBC.
Sheila Bair, former FDIC chair, says stress tests are good, but they cannot substitute capital rules. She also explains why money market funds remain at risk and require more oversight, with CNBC's Maria Bartiromo.
Most U.S. community banks "are actually doing quite well" although they still face some challenges in this economy, the acting head of the Federal Deposit Insurance Corporation told CNBC Thursday.
Former FDIC Chair Sheila Bair said Thursday she believed Europe was heading into a recession, but she sounded confident about U.S. banks.
Sheila Bair, Pew Charitable Trusts and former FDIC chairman, discusses Europe's debt problems and says she doesn't see any sudden shocks out of Europe but the banks should have mandated higher capital. Also, the Fast Money traders weigh in on U.S. banks and whether the recent rally indicates banks are stable.
Sheila Bair, former FDIC chair, discusses the Volcker Rule; the FDIC's stress test plan; and why, she believes it's time to break up the "too big to fail" banks.
The government is trying to reduce the need for another Wall Street bailout by requiring banks to report how they are positioned to handle worsening economic conditions, such as increasing unemployment and falling home prices.
The notion that we’ve geared our financial system too much toward the goal of stability may strike many people as a bit far fetched. Haven’t we just lurched from one financial crisis based on mortgages to another based on sovereign debt?