FDIC's Bair aims to rein in largest financial firms

07/15/2009 | Bloomberg

The Federal Deposit Insurance Corp., led by Chairwoman Sheila Bair, will propose fining the largest bank holding companies for conducting activities beyond traditional lending services. Bair, who has support from officials at the Federal Reserve, is striving to limit risk-taking and the size of the biggest financial institutions in the country. "What we have suggested is financial disincentives for size and complexity," Bair said.

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