FDIC Chairwoman Bair Too big to fail has become worse. Its become explicit when it was implicit before.
Treasury Sec. Geithner Most consequential choices involve shades of gray, and some fog is often useful in getting things done.
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a $4.0 billion Corporate Operating Budget for 2010. The Board also revised the current 2009 budget to $2.6 billion (FDIC.gov) ‘The 2010 budget is a prudent and measured response to current conditions in the banking industry,’ said FDIC Chairman Sheila Bair. ‘It [...]
These are the most recent guidelines as of January 2009. They give you a good idea of what the FDIC expects to pay for you being on the road. Please feel free to post any tips or tricks you would like to share on how to stretch your per diem or deal with life on [...]
The following list the various positions that the FDIC and their Receivership Assistance Contractors (RACs) are looking to fill at the various banks and subsidiaries that they have to run after a bank fails. Please feel free to add any other descriptions you may know of, or describe the actual types of tasks or roles [...]
Wondering how to become a consultant? This article which first appeared in the Consultants Journal covers the basics: the definition of a consultant, the risks when you become a consultant, and the kinds of people who become consultants. Please feel free to post and share your experiences, and look for other articles that you would [...]
Former employees of failed banks could be just the experts needed to help the FDIC sort through those banks’ affairs. According to an article by J. Scott Trubey in the Atlanta Journal, it’s not just the big banks that are in trouble. Community and regional banks are also struggling under the weight of bad Acloans. [...]
It’s not just the big banks that are in trouble. Community and regional banks are also struggling under the weight of bad loans. Kent Bernhard, Jr. writes at Portfolio.com that regional and community banks are on shaky ground, with four to seven closing every week for the past two months. Fridays are bad days for [...]
In 2009, the biggest source of new, six-figure jobs in Orange County could end up being a banking regulator. The Federal Deposit Insurance Corp. is in the early stages of hiring for its new office in the Irvine Spectrum, which is set to open its doors shortly to handle West Coast bank failures. According to [...]
As the banking industry struggles, many MBA job seekers are considering switching their sights According to an article by Alysa Teichman in Business Week, with the banking industry in crisis, many job-seeking MBAs—especially those who once dreamed of lucrative careers in investment banking—are rushing to broaden their options by applying to consulting firms. And while [...]
