Entries tagged "Sheila Bair"

WaMu, bank runs, zombies and Bair

The story of Washington Mutual is a horror story for bank executives and one that just won't die.

Bank failures hit 106

The Federal Deposit Insurance Corp. closed 7 banks Friday, bringing the total number of failed banks this year to 106.

Who loves ya Pandit? Hint: It's not Bair

Perhaps the most surprised by Vikram Pandit's positive marks is Sheila Bair, who, according to a report by The Wall Street Journal, is questioning the validity of the review.

Pandit's report card at Citi

Citigroup CEO Vikram Pandit supposedly passed Egon Zehnder International's course in business management. What grades do you suppose he got?

Why Citigroup's Pandit could get booted next

Now that Bank of America CEO Ken Lewis is fading out of the picture, it is looking even more likely that Citigroup CEO Vikram Pandit may get the hook.

Three banks fail; tally hits 98

By this time next week, there will likely be over a 100 bank failures this year -- four times last year's failures.

Frank to FDIC's Bair: Don't assess banks

Special assessment for banks is the 'wrong way' to go, says the chairman of the House Financial Services Committee, Rep. Barney Frank, D-Mass.

Bair plan would only stall taxpayer bailout

The media is calling the FDIC's latest plan to replenish its deposit fund a 'backward bailout,' but that's far from the truth.

Sheila Bair goes on the attack again

Wouldn't you want to be at Treasury Tuesday when Tim Geithner reads Sheila Bair's New York Times op-ed, which continues to wage war against the Treasury plan for a super-regulator?

Big banks are even bigger than before

Banks are so wrapped up in each other's business that one block being pulled would cause the whole Jenga tower to collapse, and now things have gotten worse.

Corus likely the next big FDIC seizure

A Corus seizure is growing more likely and could even happen as early as Friday night. The FDIC could award the bank to a PE firm.

Who's next on the FDIC watch list?

Two banks, each with billions in assets, Guaranty and Corus, are leading candidates for FDIC seizure as early as Friday night.

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