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LAWRENCE, Kan. Ford Motor Co. CEO Alan Mulally will deliver this year's commencement address at the University of Kansas, where he'll also pick up an honorary degree.The university announced the choice of Mulally as commencement speaker Thursday. It's th
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By Cyrus Sanati, contributor FORTUNE -- Citigroup's global expansion is starting to yield some choice dividends, but headwinds still exist. The latest mark in the win column comes courtesy of the Chinese government, which last week authorized Citi to off
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* Rule might help Goldman's return on equity - CFO * Banks can buy lower, sell higher to reflect risk * Quicker asset turnover may reduce capital needs Feb 8 (Reuters) - Wall Street has been lashing out against the Volcker rule since it was proposed, but
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Public anger at the 2008 Wall Street bailout, concerns about debt, and a deep and pervasive fear that another financial crash is just a matter of time create an important moment of opportunity for a long overdue public conversation about the purpose of f
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Former FDIC Chair Sheila Bair said Thursday she believed Europe was heading into a recession, but she sounded confident that the U.S. financial sector would be able to weather the storm. “I think Europe is going into recession. I think that’s going to ha
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More people in positions of power — government regulators, especially — should have foreseen the subprime financial crisis coming. They could have saved us from this mess. Three regulators did indeed ring warning bells — at the right time, in the right p
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Jonathan Weil joined Bloomberg News as a columnist in 2007, and his columns on finance and accounting won Best in the Business awards from the Society of American Business Editors and Writers in 2009 and 2010. Sometimes a single fact stands out amid all
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Subprime crisis | Three could have rescued us Big shots just scoffed at women’s warnings By KEITH CHROSTOWSKI The Kansas City Star By KEITH CHROSTOWSKI The Kansas City Star Updated: 2012-01-24T04:39:52Z T.J. Kirkpatrick Sheila Bair More News More people
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By Phil Izzo A roundup of economic news from around the Web. “Yet with gridlock in Washington, don’t count on politicians for a solution. Shareholders, however, have a
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“If I can get the rate right and buy the property right, I’d borrow millions every day,” said Harder, who is expanding his corn and soybean plots with a 3.35 percent, variable-rate loan from a U.S. Farm Credit System bank. “I’m kind of a gambler anyway o
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• 13 Signs of a Bull Market (Ivanhoff Capital) see also Equities will look more attractive later in 2012 (FT.com) • Sheila Bair: Why it’s time to break up the ‘too big to fail’ banks (Fortune) • US Online Advertising Spending to Surpass Print in 2012 (e
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LEGAL/REGULATORY » U.S. Charges 7 for Insider Trading of Dell Stock | Federal prosecutors depicted a “circle of friends,” including Anthony Chiasson of Level Global, who together earned about $62 million in illegal gains in Dell stock. DealBook » Bair Ur
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Customers would benefit, the U.S. government would benefit, and - believe it or not - the big banks themselves would do better. By Sheila Bair , contributor FORTUNE -- America is downsizing. Whether it's the food we eat, the cars we drive, or the houses
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That exaggerates the impact of the Volcker rule by assuming it would be as disruptive as the worst recession since World War II, said Senator Jeff Merkley, an Oregon Democrat involved in drafting the original law. That exaggerates the impact of the Volck
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January 1 marks the tenth anniversary of the Recourse Rule, a regulation that may be more responsible than any other factor for the financial crisis. In the five years after this obscure rule was implemented, U.S. banks acquired nearly a quarter of the w
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Just days after Jon Corzine took over as CEO of MF Global (OTC: MFGLQ), he told a visitor, "Don't ask me any hard questions. I hadn't heard of this company a week ago." Now, over a year and a half later, he still isn't able to answer any hard questions.
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“Such lending helped support the continued flow of credit to American families and businesses,” Fed Chairman Ben Bernanke said in a Dec. 6 letter to Congress. Crescent Bank’s total loan portfolio, however, shrank as it was getting loans meant to help spu
About Sheila Bair
Wikipedia
Sheila Colleen Bair (born April 3, 1954) is the Chairman of the U.S. Federal Deposit Insurance Corporation (FDIC). She was appointed to the post for a five-year term on June 26, 2006 by George W. Bush. Bair will also serve as a member of the FDIC Board of Directors through July 2013. In 2008 Forbes ranked her as the second most powerful woman in... Full Article
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WASHINGTON - JUNE 30: Committee ranking member Sen. Richard Shelby (R-AL) (R) speaks as Chairman Sen. Tim Johnson (D-SD) (L) and Outgoing Federal Deposit Insurance Corporation (FDIC) Chairman Sheila Bair (C) listen during a hearing before the Senate Banking, Housing and Urban Affairs...
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Federal Deposit Insurance Corporation Chairman Sheila Bair (R) greets committee chairman Senator Tim Johnson (D-SD) (L) and ranking member Senator Richard Shelby (R-AL) (C) as she arrives to testify before the Senate Banking Committee on Capitol Hill in Washington, June 30, 2011. Bair...
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Federal Deposit Insurance Corporation Chairman Sheila Bair (R) receives a note from an aide as she testifies before the Senate Banking Committee on Capitol Hill in Washington, June 30, 2011. Bair said lawmakers are playing a "dangerous game" by raising the possibility that the U.S. debt...
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WASHINGTON, DC - JUNE 24: Federal Deposit Insurance Corporation Chairwoman Sheila Bair speaks at the National Press Club Newsmaker Luncheon June 24, 2011 in Washington, DC. Bair, in one of her final appearances as head of the FDIC, spoke and fielded questions regarding both the U.S....
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Reuters Pictures
FDIC Chairman Sheila Bair prepares to testify before the House Oversight and Government Reform TARP, Financial Services, and the Bailout of Public and Private Programs Subcommittee hearing on Capitol Hill in Washington June 22, 2011.
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Sheila Bair, Chairman of the Federal Deposit Insurance Corporation smiles during a House Financial Services Committee hearing on financial regulatory reform on Capitol Hill in Washington, June 16, 2011.
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Reuters Pictures
Daniel Tarullo, (C) Governor on the Board of Governors of the Federal Reserve System speaks alongside Treasury Undersecretary for International Affairs Lael Brainard (L) and Sheila Bair, Chairman of the Federal Deposit Insurance Corporation during a House Financial Services Committee hearing...
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Reuters Pictures
Sheila Bair, (L) Chairman of the Federal Deposit Insurance Corporation, speaks alongside Mary Schapiro (C), Chairman of the Securities and Exchange Commission and Gary Gensler, chairman of the Commodity Futures Trading Commission during a House Financial Services Committee hearing on financial...
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Reuters Pictures
Sheila Bair, (C), Chairman of the Federal Deposit Insurance Corporation, speaks alongside Daniel Tarullo, (L), Governor on the Board of Governors of the Federal Reserve System, and Mary Schapiro, Chairman of the Securities and Exchange Commission during a House Financial Services Committee...
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WASHINGTON, DC - MAY 26: Federal Deposit Insurance Corporation Chairman Shelia Bair talks with the House Financial Services Committee's Financial Institution and Consumer Credit Subcommittee Chairwoman Shelley Moore Capito (R-WV) before a hearing on Capitol Hill May 26, 2011 in...
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WASHINGTON, DC - MAY 26: Federal Deposit Insurance Corporation Chairman Shelia Bair prepares to testify before the House Financial Services Committee's Financial Institution and Consumer Credit Subcommittee on Capitol Hill May 26, 2011 in Washington, DC. This was Bair's last appearance...
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Reuters Pictures
An aide brings water to Federal Deposit Insurance Corporation Chairman Sheila Bair (R) as she holds her last scheduled news briefing at FDIC headquarters in Washington May 24, 2011.
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Reuters Pictures
U.S. Federal Deposit Insurance Corporation Chairman Sheila Bair (L), Securities and Exchange Commission Chairman Mary Schapiro (C) and Commodity Futures Trading Commission Chairman Gary Gensler talk prior to testifying before the Senate Banking Committee hearing on oversight of Dodd-Frank...
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WASHINGTON - MAY 12: (L-R) Deputy U.S. Treasury Secretary Neal Wolin, Federal Reserve Chairman Ben Bernanke, Federal Deposit Insurance Corporation Chairman Sheila Bair, and Securities and Exchange Commission Chairman Mary Schapiro testify during a hearing before Senate Banking,...
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WASHINGTON - MAY 12: Federal Deposit Insurance Corporation Chairman Sheila Bair (L) and Securities and Exchange Commission Chairman Mary Schapiro (R) testify during a hearing before Senate Banking, Housing and Urban Affairs Committee May 12, 2011 on Capitol Hill in Washington, DC. The...
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Reuters Pictures
U.S. Federal Reserve Chairman Ben Bernanke (L) looks on as Federal Deposit Insurance Corporation Chairman Sheila Bair (R) testifies before the Senate Banking Committee hearing on oversight of Dodd-Frank Wall Street reform and consumer protection implementation, on Capitol Hill in Washington...
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Reuters Pictures
U.S. Federal Deposit Insurance Corporation Chairman Sheila Bair (L) smiles with Securities and Exchange Commission Chairman Mary Schapiro (R) as they arrive to testify before the Senate Banking Committee hearing on oversight of Dodd-Frank Wall Street reform and consumer protection implementation,...
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WASHINGTON - MAY 12: (L-R) Deputy U.S. Treasury Secretary Neal Wolin, Federal Reserve Chairman Ben Bernanke, and Federal Deposit Insurance Corporation Chairman Sheila Bair testify during a hearing before Senate Banking, Housing and Urban Affairs Committee May 12, 2011 on Capitol Hill...
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WASHINGTON - MAY 12: (L-R) Deputy U.S. Treasury Secretary Neal Wolin, Federal Reserve Chairman Ben Bernanke, Federal Deposit Insurance Corporation Chairman Sheila Bair, Securities and Exchange Commission Chairman Mary Schapiro, Commodity Futures Trading Commission Chairman Gary...
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AP Photo
Outgoing FDIC Chair Sheila Bair testifies on Capitol Hill in Washington on Thursday, May 12, 2011, before a Senate Banking Committee hearing on the status the Dodd-Frank implementation.
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Reuters Pictures
Sheila Bair, chairman, Federal Deposit Insurance Corporation speaks at the Independent Community Bankers of America's (ICBA) 2011 National Convention and Techworld in San Diego, California March 22, 2011.
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Reuters Pictures
U.S. Federal Deposit Insurance Corporation Chairman Sheila Bair (L) and Securities and Exchange Commission Chairman Mary Schapiro (R) arrive for a meeting of the Financial Stability Oversight Council at the Treasury Department in Washington March 17, 2011.
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Reuters Pictures
Sheila Bair, chairman of the Federal Deposit Insurance Corp. , speaks during a Reuters Finance Summit in Washington on February 28, 2011.
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Reuters Pictures
Sheila Bair, chairman of the Federal Deposit Insurance Corp. , speaks during the Reuters Future Face of Finance Summit in Washington February 28, 2011. Bair said a lack of international coordination and the economic recovery could hinder new capital rules.
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WASHINGTON, DC - FEBRUARY 23: Federal Deposit Insurance Corporation Chairman Sheila Bair walks through a projector's light beam after holding a news conference at the FDIC February 23, 2011 in Washington, DC. Bair announced the bank and thrift industry earnings for the fourth quarter...
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WASHINGTON - JUNE 30: Committee ranking member Sen. Richard Shelby (R-AL) (R) speaks as Chairman Sen. Tim Johnson (D-SD) (L) and Outgoing Federal Deposit Insurance Corporation (FDIC) Chairman Sheila Bair (C) listen during a hearing before the Senate Banking, Housing and Urban Affairs...
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