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.
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 Read More
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 Read More
• While Wall Street executives fret about how financial reform may hamstring their operations, business is booming and jobs are abundant at the Securities and Exchange Commission. [Bloomberg]
• Wall Street, long known for its adoration of Barack Obama, has gotten over its presidential crush, thanks mainly to the commander in chief’s insistence on strict Read More
The F.D.I.C. on July 1 signed a 10-year lease for 100,000 square feet at the Empire State Building. The government corporation, headed by the recently Ryan Lizza–profiled Sheila Bair, plans to relocate about 250 employees in its regional and field offices at 20 Exchange Place downtown.
Downtown elected officials aren’t pleased. U.S. Representative Read More