FDIC Says Bloomberg Story About Sheila Bair's Comments on Bank CEO's Was 'Misleading'
Tweet
Share
E-mail
Responding to an earlier Bloomberg headline which read "FDIC's Bair says some bank CEO's will be replaced in the next few months", the FDIC has now released the following statement:
"The Bloomberg story referencing Chairman Bair's discussion of management and board changes is misleading and does not provide the proper context of her comments. Chairman Bair said that management changes could happen based on the capital plans that an institution must submit to the government. She did not refer to CEOs specifically and the comment was in the context of capital plans submitted by the institutions. Chairman Bair also did not suggest the federal government will remove the bank CEOs."
"The Bloomberg story referencing Chairman Bair's discussion of management and board changes is misleading and does not provide the proper context of her comments. Chairman Bair said that management changes could happen based on the capital plans that an institution must submit to the government. She did not refer to CEOs specifically and the comment was in the context of capital plans submitted by the institutions. Chairman Bair also did not suggest the federal government will remove the bank CEOs."
You May Also Be Interested In
- Fisker (FSR) files form 10-K, sees more job cuts, reiterates going concern doubts
- Pinnacle Financial Partners (PNFP) Tops Q1 EPS by 3c; offers outlook
- Truist Financial Corp. (TFC) shareholders elect Laurence Stein to board of directors
Create E-mail Alert Related Categories
General News, Trader TalkRelated Entities
Shelia Bair, FDICSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
