Joe Adler

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.

Although they stood united in an effort to delay pending interchange rules, bankers and credit unions once again turned against each other Thursday, this time over a bill to expand business lending.

WASHINGTON - Although lawmakers have taken regulators to the wood shed several times over the past year for cracking down too hard on healthy small banks, the situation is clearly not getting any better.

While bankers are busy protesting planned additions to the pending Basel III capital regime, regulators are still arguing over the current Basel II standards.

WASHINGTON — While regulators followed through Tuesday on a mandate to set an across-the-board capital floor, they signaled that bigger — and still-contentious — discussions lie ahead on more meaningful capital changes.

Sens. Jon Tester and Dick Durbin trade swipes at each other after a proposal to delay the Fed's interchange fee cap is defeated; how does 'Senator' Elizabeth Warren sound?

With regulators struggling to decide which loans to excuse from risk-retention, Federal Deposit Insurance Corp. Chairman Sheila Bair said Thursday the best option would have been to shelve the exemption altogether.

Although banks failed in their attempt to convince Congress to delay an interchange fee cap for debit cards, the financial services industry is not giving up, just changing venues.

In a nail-biting conclusion after weeks of fierce lobbying by bankers and retailers, the Senate defeated a bill Wednesday that would have delayed the Federal Reserve Board's proposal to cap interchange fees for debit cards.

Washington insiders estimate Sens. Jon Tester and Bob Corker are still a few colleagues short of the 60-vote threshold needed to delay a cap on debit-card swipe fees. But their compromise bill announced yesterday — shortening the delay to a year from 15 months and making enough substantive regulatory changes so Congress may not have to revisit the issue in the future — has shifted enough momentum the industry's way to put some of the fence-sitters within reach.

The White House announced late Monday that Austan Goolsbee will step down as chairman of the Council of Economic Advisers.