The President is nominating top Treasury Department official Timothy Massad as head of CFTC, the agency that regulates the futures and options market.» Read More
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.
CNBC's Eamon Javers reports the latest details from the FDIC on the health of the banking industry.
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.