CNBC's Mary Thompson reports Bank of America, Citi Group, and JPMorgan Chase are among 16 big banks being sued by FDIC for manipulating the LIBOR benchmark interest rate.» Read More
Three years after it was signed into law—and with only about 20 percent of its rules in place—critics and even supporters of Dodd-Frank say it's flawed and convoluted.
The FDIC is out with first quarter bank earnings, reports CNBC's Hampton Pearson. The level hits an all-time high, even as loan-loss provisions were down 23.8 percent from a year ago.
The Senate Banking Committee is set to hold a hearing on Thursday to examine whether regulators inappropriately "outsource" oversight to consultants that are paid billions of dollars by the banks. The NY Times reports.
Some smaller regional lenders are seeing increasing commercial loan demand. Here are previews for the five largest U.S. regional banks by TheStreet.com.
JPMorgan Chase may be losing its pull in Washington while at least eight federal agencies investigate the nation's strongest bank, The New York Times reports.
Rick Santelli criticizes Robert Rubin's statement on CNBC that no one could have seen "the possibility of a serious crisis" coming before the credit markets collapsed. (3:26)
Sheila Bair, former FDIC chair, discusses the sudden departure of Citigroup CEO, Vikram Pandit, and weighs in on the new CEO, Michael Corbat.
Banks once offered simple checking and savings accounts. Now they offer brokerage accounts and other financial products. How do you know what's FDIC-insured?
A fundamental clash of philosophies ran throughout the response to the financial crisis, Sheila Bair, former head of the Federal Deposit Insurance Corp., told CNBC’s "Power Lunch" on Tuesday.
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.
Thomas Hoenig, FDIC director and former Federal Reserve Bank of Kansas president, explains why he supports a plan to break up the big banks.
Discussing Sandy Weill's remarks on breaking up the banks, with Bethany McLean, Vanity Fair, and Jared Bernstein, Center on Budget & Policy Priorities.
Sen. Ben Cardin (D-MD) shares his opinions on bank regulations, and clawbacks. "I will do everything in my power so we do not have to face [clawbacks]. This is not some game of some sort; this is about America," he says.
Discussing Sanford Weill's remarks on going back to Glass-Steagall, with Sheila Bair, former FDIC chairman and the Fast Money traders weigh in with the play on regional bank stocks.
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.
CNBC's Kayla Tausche reports the goal of a living will for banks is to prevent a Lehman-like run on the financial markets.