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Sheila Bair

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CNNMoney: Fed close to new financial buffers for banksupdated: Mon Dec 19 2011 18:02:00

The Federal Reserve is expected this week to release a set of proposed rules detailing how much reserve capital big banks will need to keep on hand in the future.

Fortune: Fortune adds new voices to columnist lineupupdated: Wed Nov 09 2011 11:45:00

Columnists are the heart and soul of any journalistic enterprise.The unfettered voices of a newspaper or magazine, they opine, snarl, and otherwise shout from the treetops.The best columnists have a mastery of subject, an ironclad take, and complete command of the written word. As Fortune columnist Geoff Colvin once told me, to succeed as a writer you must grab the reader by the lapels, shake him, and never let him go.

CNNMoney: Did big banks leave TARP too soon?updated: Fri Sep 30 2011 05:35:00

Regulators were under pressure to cut the biggest banks loose from the Wall Street bailout program, a federal watchdog said in a report issued Friday.

CNNMoney: Sheila Bair exits FDICupdated: Fri Jul 08 2011 05:22:00

The chairman of the FDIC is not usually a household name. But the last few years have been anything but usual.

CNNMoney: Regulators at odds on bank capital cushionsupdated: Wed Jun 22 2011 15:12:00

The new big fight among Wall Street banks and their regulators is about how much extra cash banks should keep around for rainy days.

CNNMoney: Obama nominates successor to Bair at FDICupdated: Fri Jun 10 2011 21:58:00

President Obama will nominate Martin J. Gruenberg, currently vice chairman of the Federal Deposit Insurance Corp., to succeed Sheila Bair as chairman of the banking regulator, the White House announced Friday.

CNNMoney: FDIC chief: 'Urgent action' needed on debtupdated: Fri Nov 26 2010 07:03:00

FDIC Chairman Sheila Bair believes "urgent action" is needed to lower government debt and forestall the next financial crisis, according to an op-ed piece published Friday.

CNNMoney: Problem bank list climbs to 829updated: Tue Aug 31 2010 13:42:00

The government's list of troubled banks hit its highest level since 1993 during the second quarter, although the pace of growth continued to slow, according to a government report released Tuesday.

Fortune: How Steel got the Wachovia deal doneupdated: Mon Aug 30 2010 06:48:00

This article is adapted from "Banktown: The Rise and Struggles of Charlotte's Big Banks" by Rick Rothacker, published by John F. Blair, Publisher (Winston-Salem).

Fortune: Bove: Why Washington will soon back off banksupdated: Fri Aug 27 2010 13:03:00

Gadfly analyst Dick Bove rarely disappoints when he unholsters his guns. On Tuesday, the Rochdale Research VP put out a report accusing Sheila Bair, head of the FDIC, of completely misunderstanding her job. "Unlike the heads of the Federal Reserve (FRB) who have repeatedly acknowledged their failure to act before the financial crisis, the FDIC has never done so," he wrote. And he suggested that Bair, "knew what was wrong but did nothing about it." We caught up with Bove yesterday to get his dependably provocative view on Bair, Bernanke, and the state of the U.S. banks.

CNNMoney: Problem bank list hits 775updated: Thu May 20 2010 12:51:00

The government's list of troubled banks climbed to its highest level since 1992 in the first quarter, although the pace of growth moderated, according to a government report published Thursday.

CNNMoney: FDIC chief: Bill to limit risky trades goes too farupdated: Mon May 03 2010 11:14:00

One of the nation's top banking regulators has taken a swipe at what has become a signature piece of Senate Democrats' Wall Street reform package: cracking down on complex financial products.

CNNMoney: U.S. to top banks: Send more loans!updated: Thu Mar 04 2010 04:07:00

Washington's quest to get big banks to make more loans only seems to get more challenging.

CNNMoney: Banks at risk of going bust tops 700updated: Tue Feb 23 2010 11:36:00

More than 700 banks, or nearly one out of every 11, are at risk of going under, according to a government report published Tuesday.

CNNMoney: Fed up with the Fed?updated: Fri Jan 15 2010 15:23:00

Ben Bernanke and the rest of the Federal Reserve may think that low interest rates can continue to be just what the economy needs to get back on track.

CNNMoney: FDIC to bonus-loving banks: Pay up!updated: Tue Jan 12 2010 13:27:00

The nation's top banking regulator is considering a new rule which could require lenders to pony up if they rely on potentially risky pay practices.

CNNMoney: 17 million Americans have no bank accountupdated: Wed Dec 02 2009 18:11:00

New York State is known as the nation's financial capital, yet nearly one in 10 of its residents do not have a checking or savings account.

CNNMoney: Bank 'problem' list climbs to 552updated: Tue Nov 24 2009 13:17:00

Despite the frenetic pace of bank failures this year, 552 lenders are still at risk of going under, according to a government report published Tuesday.

CNNMoney: Bank failures stack up: Now 106 for 2009updated: Fri Oct 23 2009 20:14:00

The tally of bank failures easily broke past the No. 100 milestone on Friday night, with regulators announcing the year's 106th closure.

CNNMoney: FDIC bank fund in the red until 2012updated: Wed Oct 14 2009 15:48:00

The government insurance fund designed to protect consumer bank deposits will likely stay in the red through 2012, Federal Deposit Insurance Corp. chief Sheila Bair said Wednesday.

Fortune: FDIC asks banks for helpupdated: Tue Sep 29 2009 12:06:00

The banking bust is getting mighty costly.

Fortune: Bank bailout problem: No easy answersupdated: Tue Sep 29 2009 06:46:00

It's time for Sheila Bair to stop worrying about bailout politics and hit Uncle Sam up for some dough.

Fortune: In bid for Guaranty Bank, FDIC gave foreign bank an edgeupdated: Thu Sep 24 2009 10:14:00

One of the fundamental tenets of a free market is that in an auction the rules of the game should not give one bidder a fundamental advantage over another bidder. Sadly, that may not have been the case last month when the FDIC oversaw the sale of Texas-based Guaranty Bank. On August 21, Sheila Bair, the chair of the FDIC, declared Spain's second-largest bank -- Banco Bilbao Vizcaya Argentaria SA -- the winner of a spirited auction to buy Guaranty Bank instead of a consortium of U.S. investors including Blackstone Group and TPG.

CNNMoney: Bank failure toll reaches 94updated: Fri Sep 18 2009 18:21:00

Regulators closed subsidiaries of Irwin Financial Corporation in Kentucky and Indiana Friday, bringing the total number of bank failures this year to 94, according to the Federal Deposit Insurance Corp.

Fortune: Preparing for a major bank shakeoutupdated: Fri Aug 28 2009 03:45:00

The problem bank list is just about the only part of the industry that's growing right now.

CNNMoney: Problem bank list tops 400updated: Thu Aug 27 2009 17:52:00

The number of institutions on the government's so-called "problem bank" list surpassed 400 in the latest quarter, climbing to its highest level in 15 years, according to a government report published Thursday.

Fortune: Barbarians back at bank gatesupdated: Thu Aug 27 2009 05:06:00

Regulators cleaning up after bank failures showed Wednesday how far they're willing to reach out for help.

Fortune: FDIC shelves toxic loan planupdated: Wed Jun 03 2009 17:18:00

Regulators shelved a controversial plan that aimed to cleanse banks' balance sheets of toxic assets.

CNNMoney: Problem bank list tops 300updated: Wed May 27 2009 11:57:00

The government's list of troubled banks swelled in the first quarter, climbing to its highest level in nearly 15 years, regulators said Wednesday.

CNNMoney: For small banks, it's eat or get eatenupdated: Thu May 21 2009 06:00:00

Don't look now, but the nation's banking industry is about to get a whole lot smaller.

Fortune: Score one for the small banksupdated: Wed May 20 2009 15:56:00

Big banks aren't the only ones with powerful lobbyists that know how to pull strings in Washington.

Fortune: Banks drop FDIC crutchupdated: Tue May 12 2009 15:18:00

Banks lining up to repay bailout funds are easing away from the Federal Deposit Insurance Corp.'s debt insurance plan, a program that helped banks through last fall's financial storm -- and has made money for the FDIC to boot.

CNNMoney: FDIC's Bair: No bank is too big to failupdated: Mon Apr 27 2009 15:59:00

Federal Deposit Insurance Corp. chief Sheila Bair reiterated calls for creating a system that would allow regulators to dismantle a large financial institution.

CNNMoney: Fed pulls back curtain slightly on stress testsupdated: Fri Apr 24 2009 15:43:00

Top banking regulators offered a detailed view Friday into the workings of an Obama administration program aimed at assessing the health of the nation's largest banks.

FDIC chair: Bank saver by day, children's writer by nightupdated: Wed Apr 08 2009 19:29:00

Sheila Bair, chairman of the Federal Deposit Insurance Corporation, is one of the few women in the generals' tent of the nation's economic war.

Washington power playerupdated: Wed Apr 08 2009 19:29:00

She's the second most powerful woman in the world, and also writes children's books. CNN's Jessica Yellin profiles Sheila Bair.

Fortune: Taxing times for the FDICupdated: Thu Mar 26 2009 05:50:00

Sheila Bair's band of bank watchdogs is about to get even busier.

CNNMoney: Bernanke defends big bank bailoutsupdated: Fri Mar 20 2009 13:48:00

Federal Reserve Chairman Ben Bernanke responded to ongoing criticism of the government's efforts to keep alive institutions it has deemed "too big to fail," saying that this is an "enormous problem" that needs to be addressed.

CNNMoney: Problem bank list tops 250updated: Thu Feb 26 2009 15:49:00

The government's closely watched list of troubled banks grew during the fourth quarter to its highest level since 1994, regulators said Thursday.

CNNMoney: Mortgage help gains momentumupdated: Fri Jan 09 2009 13:04:00

There are many ways to spend $800 billion to revive the economy. In recent days, President-elect Barack Obama has ticked off many of them: invest in infrastructure projects, help states pay for Medicaid, cut taxes on the middle class, expand use of renewable energy.

CNNMoney: FDIC is set to sell IndyMacupdated: Mon Dec 29 2008 18:37:00

A group of investors is on the verge of buying the one of the nation's largest failed banks.

Fortune: Why Sheila Bair wants to bail out consumersupdated: Fri Dec 12 2008 14:56:00

Sheila Bair may now be a lightning rod, but at least she's finally getting some respect.

CNNMoney: Bill embraces FDIC loan modification planupdated: Wed Dec 10 2008 13:54:00

With the Bush administration refusing to enact FDIC Chairwoman Sheila Bair's controversial loan modification plan, lawmakers are taking matters into their own hands.

CNNMoney: Half of 'rescued' borrowers still defaultupdated: Tue Dec 09 2008 17:11:00

More than half of delinquent homeowners whose mortgages were modified earlier this year ended up redefaulting within six months, a top bank regulator said Monday.

CNNMoney: No blank check for Paulsonupdated: Tue Dec 09 2008 13:06:00

Whether you love or hate the idea of Washington loaning the Big Three money, the government has learned its lessons from the mistakes of the bank rescue plan and has crafted a better bailout for the automakers.

CNNMoney: Picking a loan modification planupdated: Fri Dec 05 2008 12:19:00

Loan modifications for homeowners in trouble: there are a lot of proposals out there. But what's the best way to go about reworking your mortgage terms? Here's what you need to know.

Plan could help 1.5 million keep homes, FDIC chair saysupdated: Fri Dec 05 2008 09:11:00

When struggling homeowner Eddie Morrison heard about the government's $700 billion bailout plan for banks and Wall Street firms, he felt left out.

Little guy lost in bailouts?updated: Fri Dec 05 2008 09:11:00

With all the talk of bailouts, what about struggling homeowners? Deborah Feyerick reports.

CNNMoney: FDIC chief: Intervene on foreclosuresupdated: Tue Dec 02 2008 18:18:00

The nation's top banking regulator warned Tuesday that help for troubled homeowners is failing to keep pace with the foreclosure crisis.

CNNMoney: Problem banks rise to 13-year highupdated: Tue Nov 25 2008 11:22:00

The government's watch list of problem banks grew staggeringly in the third quarter, according to a government report on the embattled financial sector released Tuesday.

Fortune: FDIC moves in on banksupdated: Tue Nov 25 2008 06:25:00

FDIC chief Sheila Bair has already drawn attention for turning her agency from a regulatory backwater to a force in the reshaping of the financial industry. Now a little-noticed proposal that is close to passing would expand her influence further - and could spell trouble for the sprawling banks that Hank Paulson and Ben Bernanke have said are too big, too connected, and too important to fail.

Fortune: Best housing 'bailout' may be no bailoutupdated: Mon Nov 24 2008 10:40:00

Several mortgage-rescue plans are making the rounds in Washington, but economists say the best approach may be to sit tight.

CNNMoney: Treasury: $33.6 billion to 21 banksupdated: Mon Nov 17 2008 20:46:00

The Treasury Department said Monday that it has dispersed $33.56 billion to 21 banks in a second round of payments as part of the $700 billion bailout program designed to boost the nation's banking system.

CNNMoney: FDIC's Bair pushes aggressive mortgage planupdated: Fri Nov 14 2008 16:31:00

In a surprise move, FDIC Chairwoman Sheila Bair Friday unveiled details of her plan to have the government help delinquent homeowners.

CNNMoney: U.S. mortgage plan falls shortupdated: Tue Nov 11 2008 20:48:00

The federal government's plan to streamline modifications of troubled loans held by Fannie Mae and Freddie Mac won't help the majority of people threatened with foreclosure, experts said.

CNNMoney: Job No. 1: A new Treasury chiefupdated: Wed Nov 05 2008 15:51:00

American voters have chosen the man who will choose the next Treasury Secretary.

CNNMoney: U.S. weighing new mortgage planupdated: Thu Oct 30 2008 18:36:00

The government is expected to announce soon that it will devote up to $50 billion to directly address the source of the financial crisis: bad mortgages and millions of homeowners at risk of foreclosure.

Time.com: The Next Bailout: Helping Homeowners in Distressupdated: Thu Oct 30 2008 10:00:00

The Bush Administration is working to create a program that would cut down on foreclosures by helping creditworthy borrowers make their monthly mortgage payments

CNNMoney: One failed bank gets the housing fix rightupdated: Fri Oct 24 2008 16:44:00

The battered economy is in desperate need of a housing fix, and one failed bank just may have the answer.

Fortune: For housing, no easy fixupdated: Fri Oct 24 2008 09:49:00

Calls for a sweeping federal response to the housing mess are getting louder. But finding a solution isn't getting any easier.

CNNMoney: New foreclosure plan on tapupdated: Thu Oct 23 2008 14:44:00

The federal government, which has been criticized for not doing enough for Main Street while coming to the immediate aid of banks, is working on a new plan to help troubled homeowners.

CNNMoney: Bailout: Senate to vote Wednesdayupdated: Wed Oct 01 2008 10:54:00

The Senate plans to vote on the $700 billion bank rescue plan Wednesday evening - two days after the House failed to pass it.

CNNMoney: FDIC asks to boost deposit limitsupdated: Tue Sep 30 2008 19:01:00

The federal agency that guarantees bank deposits is asking Congress for temporary authority to raise the limit on the amount of money it insures for individual bank accounts.

CNNMoney: JPMorgan buys WaMuupdated: Fri Sep 26 2008 12:18:00

JPMorgan Chase acquired the banking assets of Washington Mutual late Thursday after the troubled thrift was seized by federal regulators, marking the biggest bank failure in the nation's history and the latest stunning twist in the ongoing credit crisis.

CNNMoney: Wall Street losing faith in banksupdated: Thu Sep 18 2008 08:25:00

A day after the historic takeover of AIG and two days after the bankruptcy of Lehman Brothers, investors seemed to be betting that commercial banks are the next shoe to drop in the financial crisis.

CNNMoney: Lenders to FHA: Thanks but no thanks for your helpupdated: Wed Sep 17 2008 16:02:00

As part of the massive housing rescue bill passed by Congress in July, troubled borrowers will be able to refinance their home loans with the backing of the Federal Housing Authority (FHA) starting on October 1.

CNNMoney: Problem bank list keeps growingupdated: Wed Aug 27 2008 10:19:00

The number of troubled banks on the government's watch list grew dramatically last quarter.

Time.com: FDIC: Bank Profits Fell 86% in 2Q updated: Tue Aug 26 2008 16:00:00

Federal regulators say U.S. banking industry profits plunged by 86 percent in the second quarter, as slumps in the housing and credit markets continued

CNNMoney: IndyMac borrowers to get reliefupdated: Wed Aug 20 2008 17:46:00

The FDIC, six weeks after taking over mortgage lender IndyMac Bank, said Wednesday that it will start systematically modifying some of the bank's most troubled loans to keep borrowers in their homes.

CNNMoney: Saving IndyMac's mortgagesupdated: Thu Jul 17 2008 12:29:00

When FDIC Chairwoman Sheila Bair swooped in on Friday and took over IndyMac Bank, she became steward to billions of dollars in customer savings deposits. She also inherited $200 billion worth of home mortgages - a sizable number of which are in trouble.

Time.com: FDIC: Nation's Bank Deposits are Safeupdated: Tue Jul 15 2008 14:40:00

The nation's banking system is "absolutely safe" and Americans' insured deposits in banks protected, the head of the Federal Deposit Insurance Corporation said Tuesday

CNNMoney: Analysts: Most banks are safeupdated: Mon Jul 14 2008 16:36:00

IndyMac's startling collapse last week sparked fears that other institutions could follow suit. Yet, several veteran banking analysts say that there won't be nearly as many bank collapses as there were in the late 1980s and early 1990s.

CNNMoney: The fall of IndyMacupdated: Sun Jul 13 2008 17:32:00

In what could turn out to be the most expensive bank failure ever, troubled mortgage lender IndyMac Bancorp Inc. was taken over by federal regulators on Friday.

CNNMoney: IndyMac: Your money is safe - FDICupdated: Sun Jul 13 2008 17:28:00

The FDIC stressed Sunday that the takeover of failed bank IndyMac is largely a "non-event" for most customers.

CNNMoney: Regulators seize troubled IndyMacupdated: Fri Jul 11 2008 23:03:00

In what could turn out to be the most expensive bank failure ever, troubled mortgage lender IndyMac Bank was taken over by federal regulators on Friday.

CNNMoney: Grim outlook for banks, profits down 46%updated: Thu May 29 2008 13:21:00

The mortgage meltdown and credit crunch continued to take their toll on the battered financial industry in the first quarter, according to a government report on the banking sector released Thursday.

CNNMoney: Hope Now's numbers don't add up to much helpupdated: Thu Apr 10 2008 16:53:00

Lenders have helped nearly 1.2 million troubled home owners as part of a Bush-administration led housing rescue effort, according to numbers released Thursday by the Hope Now coalition.

CNNMoney: Bush, House jockey over foreclosure fixupdated: Wed Apr 09 2008 18:28:00

The Bush administration Wednesday outlined a plan to help homeowners at risk of foreclosure in an attempt to get out ahead of a more sweeping proposal by House Democrats.

Fortune: US regulator: Your bank deposits are safeupdated: Mon Mar 24 2008 04:43:00

Sheila Bair became Chairman of the Federal Deposit Insurance Corporation in June 2006 - just in time for the end of a real estate and credit bubble that has made her job one of the toughest in the regulatory world. She was one of the first members of the Bush Administration to say that it was the job of lenders and big banks to help mortgage holders in distress; and she has fought to uphold strict banking standards and create more lending laws.

CNNMoney: Bank regulators: 'Asleep at the switch'updated: Tue Mar 04 2008 17:33:00

Lawmakers grilled bank regulators Tuesday about why they didn't intervene as lax lending standards led to a meltdown in the mortgage market and a credit crunch that threaten the economy.

CNNMoney: Rate freeze plan for ARMs gains tractionupdated: Mon Dec 03 2007 09:55:00

If you've got a 7% adjustable mortgage that's about to skyrocket past 10%, getting a break may get a lot easier. One solution to the foreclosure problem gaining traction would freeze rates at lower levels.

CNNMoney: FDIC to mortgage servicers: Freeze ARM ratesupdated: Tue Oct 09 2007 11:33:00

The heat on U.S. mortgage lenders and servicers was turned up a few degrees this week when the country's chief bank regulator publicly proposed that they permanently freeze interest rates on subprime adjustable-rate mortgages (ARMs) for many homeowners.

CNNMoney: Fed urges lenders to ward off mortgage defaultsupdated: Tue Sep 04 2007 03:19:00

The Federal Reserve and other banking regulators issued special guidance Tuesday urging loan service companies to work with borrowers in danger of defaulting on their home mortgages.

CNNMoney: Overdue real-estate loans jump at U.S. banksupdated: Thu Aug 23 2007 08:55:00

U.S. banks' troubled real-estate loans rose for the fifth consecutive quarter, to a total $66.9 billion at the end of the second quarter, the U.S. Federal Deposit Insurance Corporation said Wednesday.

CNNMoney: FDIC 'vigilant' about monitoring banks' cashupdated: Tue Aug 21 2007 23:33:00

The Federal Deposit Insurance Corporation is "closely monitoring" credit markets and the biggest U.S. banks' balance sheets, FDIC Chairman Sheila Bair said Wednesday.

CNNMoney: FDIC Chairman: Banks are in good shapeupdated: Thu Aug 09 2007 06:58:00

The overall U.S. banking system is in very good shape and well-capitalized, Federal Deposit Insurance Corporation Chairman Sheila Bair said Thursday.

CNNMoney: Subprime mess - no easy fixupdated: Wed Apr 18 2007 11:00:00

Swapping risky mortgages for those with steady payments sounds like a reasonable plan to keep millions out of foreclosure. But the way mortgage products have been packaged and sold into financial markets presents a big hurdle.

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