Entries tagged "Bair"
Here are some must reads to kick-off your Tuesday.
Eliot Spitzer may not hold any political power, but he continues to pull no punches now that he's become a media commentator. Earlier this month Spitzer began his comeback when it was divulged he was joining The Washington Post's online magazine Slate. However, he's not only voicing his thoughts via WaPo publications, but to anyone who will listen to him. The most recent outlet is a Vanity Fair political blog, where he spouted off some candid thoughts on President-elect Barack Obama's financial team to Maureen Tkacik. ...
Bank of America Corp. CEO Ken Lewis received the title Banker of the Year -- the second time American Banker bestowed the honor on him -- despite his bank's flagging shares and the overall industry's distress. As a matter of fact, just issuing awards to bankers amid the worst credit crisis and banking panic since the Great Depression seems odd. Then again, we're talking about banking, an industry in which executives thought it was perfectly fine to take bonuses even as they were taking government welfare. On the bright side, American Banker had the good sense to ask FDIC Chairman...
If you are a betting man, then US News & World Report's The Home Front blog provides the odds of some of the oft-mentioned contenders for President-elect Barack Obama's treasury secretary. ...
Federal Deposit Insurance Corp. Chairman Sheila Bair is a dark-horse candidate to succeed Treasury Secretary Henry Paulson when the Bush administration ends. ...
The Federal Deposit Insurance Corp.'s board approved Tuesday higher assessment on banks and other depository institutions to replenish the federal deposit insurance fund, which is threatened with substantial depletion by recent bank failures and additional failures that are expected. The restoration plan would increase the rates all banks pay beginning in January. New risk-based assessments would go into affect April 1. ...
