By Patrick Clark 9/26/12 2:04pm

open book

bair

UPDATED: Sheila Bair Has 170 or So Words For Vikram Pandit

Last month, we noted that former FDIC Chairman Sheila Bair had some choice words regarding Citigroup CEO Vikram Pandit in her new book, Bull By the Horns. After Citi said he was stepping down in a statement released today, Ms. Bair offered six more words to her assessment:

“This was a very positive move,” she said in an interview with Tom Keene and Ken Prewitt on Bloomberg Radio.

You can read her comments on Mr. Pandit from her book below. Read More

By Mike Taylor 11/08/10 9:19pm

Regulators

Sheila Bair to Quit in 2011

America’s banks should get ready for a new sherrif to come to town. Federal Deposit Insurance Corp. head Sheila Bair should be hanging up her bank-regulating spurs come 2011.

So reports TheStreet.com:

“I’m going to serve out my term,” Bair, chairman of the Federal Deposit Insurance Corp., said at an industry conference. “I do Read More

By Mike Taylor 10/08/10 12:47pm

Morning Roundup: Bank Breakup Rules Coming Soon

  • Breaking up is hard to do, especially when the separation involves components of systemically important financial institutions. The FDIC is expected to offer a helping hand today by outlining new rules that would change the haircut taken by creditors to giant firms in the event of a failure. [WSJ]
  • ’80s retro fever is Read More

By Mike Taylor 8/31/10 4:06pm

U.S. Banks Profit More, Lend Less in Second Quarter

U.S. commercial banks swung to impressive profits in the second quarter of 2010, up to $21.6 billion from a loss of $4.4 billion a year ago, largely because banks have reduced the amount of money they set aside to deal with losses from bad loans, the Federal Deposit Insurance Corp. announced today. The banking sector hasn’t Read More