Joe Adler

As the five members of the FDIC board took their seats Wednesday, the elephant in the room was where they would be sitting next time.

At the last board meeting led by Federal Deposit Insurance Corp. Chairman Sheila Bair, the agency finalized details of its new resolution authority for giant nonbanks, but delayed action on "living will" requirements for systemically important firms.

The Federal Deposit Insurance Corp. board of directors Wednesday will address the internal resolution plans firms will submit to assist a hypothetical wind-down, and the creditor-claims process for seized financial behemoths.

With the Dodd-Frank Act and Basel capital regime already imposing new requirements on derivatives players, the U.S. bank regulators added another one Tuesday completely of their own accord.

The Federal Reserve Board, FDIC and OCC issued guidance Tuesday calling for better counterparty risk management at banks with large derivatives books.

As she departs as head of the Federal Deposit Insurance Corp. after a historic period of financial tumult and regulatory reform, Sheila Bair wishes more regulators felt empowered to be candid with the public about their views, even if they rock the boat.

As she departs as head of the Federal Deposit Insurance Corp. after a historic period of financial tumult and regulatory reform, Bair wishes more regulators felt empowered to be candid with the public about their views, even if they rock the boat.

On her way out as Federal Deposit Insurance Corp. chief, Sheila Bair told lawmakers that certain capital rules meant for large banks may affect small ones as well, and defended prompt corrective action in the face of an oversight report criticizing it.

A report last week by the Government Accountability Office sharply criticized "prompt corrective action" — a series of regulatory triggers based solely on capital levels — saying it failed to work during the financial crisis.

A forum on the FDIC's new resolution powers produced its share of humourous one-liners; Reps. Barney Frank and Ron Paul agree on decriminalizing marijuana; and more.

In her last speech before leaving the Federal Deposit Insurance Corp., Chairman Sheila Bair on Friday said the "short-termism" that helped cause the financial crisis is also threatening post-crisis reforms.

In her last speech before leaving the Federal Deposit Insurance Corp., Chairman Sheila Bair on Friday said the "short-termism" that helped cause the financial crisis is also threatening post-crisis reforms.

An oversight report Thursday called for changes to prompt corrective action, saying the process for regulating troubled banks has not prevented losses to the Deposit Insurance Fund.

Banks will get extra time to comment on proposed requirements for swap dealers mandated by the Dodd-Frank Act.

In letters to federal regulators, several institutions said they remain worried about a requirement that they submit a "living will" outlining how best to dismantle them in a crisis.

The heads of the central bank and the Federal Deposit Insurance Corp. were in two different places Wednesday but seemed to be reading off the same cue card in addressing capital concerns.

Some of the best banking-policy minds met to discuss resolving "too big to fail" banks, with FDIC Chairman Sheila Bair warning there'd always be "boneheads that are going to fail."

Regulators shut the $340 million-asset McIntosh State Bank in Jackson, Ga., and the $98 million-asset First Commercial Bank of Tampa Bay, bringing the failure total this year to 47.

Regulators shut the $340 million-asset McIntosh State Bank in Jackson, Ga., and the $98 million-asset First Commercial Bank of Tampa Bay, bringing the failure total this year to 47.

President Obama urged to start practicing "Appointment Jujitsu"; Warren warming to the idea of a Senate run?; testimony from JPM's Zubrow helps Frank make his point.