Problem Bank Candidate Citigroup Facing Tougher FDIC Regulation
Citigroup Faces Tougher Government Regulation
Citigroup, probably the most financially challenged of the major banks, is facing increased regulation by the FDIC. In early June, it was noted that FDIC Chairman Sheila Bair was becoming increasingly frustrated with Citigroup’s management and their inability to implement changes necessary to strengthen the bank.
At one point early in the [...]
Problem Banks Took “Risks They Did Not Understand”
In a recent interview with Forbes, FDIC Chairman Sheila Bair readily acknowledged that the primary reason for banking losses and failures was due to banks taking on excessive risk in their loan portfolios. Chairman Bair also discussed her ideas on regulatory changes that will prevent a future banking crisis, the health of the FDIC insurance [...]
Will Citigroup Wind Up On The Problem Bank List?
Despite Government Aid, Citi Still Lags
The Wall Street Journal is reporting that earlier this year the FDIC had attempted to have Citigroup’s financial health rating lowered to the point that would have resulted in Citigroup being added to the Problem Bank List. By lowering the rating on Citigroup, regulators would have been able to exert [...]
