May 6th, 2009 - Bloomberg
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May 6 (Bloomberg) -- Federal Deposit Insurance Corp.Chairman Sheila Bair recommended Congress set up a systemic-riskcouncil to monitor companies that may pose threats to thefinancial system because of their size and ties to other firms.
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JPMorgan May Pay FDIC as Much as $1.5 Bln in Fee
May 7th, 2009 - Bloomberg
May 7 (Bloomberg) -- JPMorgan Chase & Co., the second-largest U.S. bank by deposits, said it may have to pay theFederal Deposit Insurance Corp. $750 million to $1.
Wells Fargo, Morgan Stanley selling new common stock
May 7th, 2009 - MarketWatch
SAN FRANCISCO (MarketWatch) -- Wells Fargo and Morgan Stanley are selling billions of dollars in new common stock as the companies try to meet capital requirements from the government's stress tests of the largest U.S...
SEC's top cop calls Madoff miss wake-up call
May 7th, 2009 - Reuters
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission's failure to detect Bernard Madoff's $65 billion fraud is a "wake-up call," the agency's new director of enforcement told Congress on Thursday.
Senate approves broad bipartisan housing bill
May 6th, 2009 - MarketWatch
WASHINGTON (MarketWatch) -- Lawmakers on Wednesday approved a broad housing bill that would allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury for the agency's deposit insurance fund.
FDIC's Bair Questions Need for Large, Complex Financial Firms
May 6th, 2009 - Wall Street Journal
WASHINGTON -- The U.S. financial system should rely on smaller and less complex firms over the interconnected behemoths that helped cause the current economic strife, a top U.S...
