Sheila Bair, former chair of the FDIC, joins CNBC's "The Exchange" to discuss Facebook's new cryptocurrency and the possibilities for the Fed's own digital currency.
Over the past year, she has used it to combat the Trump administration's efforts to ease rules for Wall Street. "She's stood her ground," said Sheila Bair, who led the Federal Deposit Insurance Corp during the financial crisis. Three Wall Street lobbyists told Reuters they worry the window for major changes will close soon as Washington gears up for the 2020...
In a quarterly report on the health of U.S. banks, the Federal Deposit Insurance Corporation did not directly refer to the Trump administration's trade war with China which began in 2018. "We are seeing some emerging strain," Diane Ellis, director of the insurance and research division at the Federal Deposit Insurance Corporation, said at a news briefing.
Federal Deposit Insurance Corporation Chair Jelena McWilliams sits down for an interview with CNBC's Sara Eisen to discuss the state of financial regulation.
WASHINGTON, April 2- U.S. bank regulators proposed a rule on Tuesday that would discourage large banks from heavily investing in debt issued by other large banks by requiring them to hold additional capital against such investments. The proposal from the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency is...
WASHINGTON, March 14- The U.S. The regulator will also extend the public comment period as it aims "to collect information relating to the convenience and needs of the communities to be served" by the lender, the Fed said in a joint statement with the Federal Deposit Insurance Corporation. The meetings will be held on April 25 at the Fed's office in Charlotte, North...
Twenty-five percent of U.S. households are unbanked or underbanked, according to a 2017 survey by the FDIC. Those are people who either don't have a bank account, or have an account, but still use financial services outside the banking system.
WASHINGTON, Feb 21- The U.S. banking sector recorded $59.1 billion in profits in the fourth quarter of 2018, down slightly from the third quarter's record level but still up significantly from the year prior, according to data from the Federal Deposit Insurance Corporation. The FDIC said the profits were driven by lower taxes and higher operating revenues.
NEW YORK, Jan 17- Payments company Square Inc is launching a free debit card for small businesses aimed at helping them better manage their cash flows, the company said on Thursday. "Sellers can get stuck in a cash flow crunch," Alyssa Henry, seller lead at Square, said on a call with journalists. Square is applying with the Federal Deposit Insurance Corp for a special...
WASHINGTON, Jan 14- The U.S. Federal Reserve is wary of giving "fintech" firms such as OnDeck Capital Inc or Kabbage Inc. access to the country's financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold. The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation are...
Sheila Bair, former U.S. Federal Deposit Insurance Corporation chair, sits down with "Squawk on the Street" to discuss her op-ed in The New York Times.
While accounts that promise as much as 3 percent interest might catch your eye, you need to be careful about how your money is protected.
People can find a more profitable place to store their savings.
If Rep. Maxine Waters becomes chair of the House Financial Services Committee she may not be able to undo Republicans' deregulation efforts, but she could still hurt the nation's economic growth, says GOP Rep. Jeb Hensarling.
People can find a more profitable place to store their savings, if they consider online banks.
Sheila Bair, former FDIC chair, discusses what she sees as potential pitfalls of reforming Dodd-Frank legislation and explains why deregulation of banks could be the seeds of the next financial crisis.
Bitcoin is 'something regulators need to deal with but not ban,' says former FDIC Chair Sheila Bair.
Banks are making what could turn out to be an expensive bet that interest rates will stay low for several more years.
The stress tests banks now have to undergo don't necessarily have to be so complicated, former FDIC chair Sheila Bair told CNBC on Thursday.
Sheila Bair, former FDIC chair, talks about stress tests and a Fed governor's comments today with CNBC's Steve Liesman.