Topic: FDIC

Washington Mutual, one of the biggest corporate casualties of the 2008 financial crisis, on Monday emerged from bankruptcy protection, just two weeks after Lehman Brothers Holdings also emerged from Chapter 11.

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.

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.

Washington Mutual, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute between shareholders and certain creditors that had prevented the bank from emerging from Chapter 11 bankruptcy proceedings.