WASHINGTON -- The banking industry's biggest bear isn't some Wall Street guru. It's William Taylor, chairman of the Federal Deposit Insurance Corp., and critics say it is about time that he lightened up.

Industry earnings are at all-time highs, problem loans are leveling off, and bank stocks are soaring. Yet Mr. Taylor, halfway through a 17-month term, continues to run his regulatory ship like a captain bracing for a hurricane.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.