Former Federal Reserve Chairman Paul Volcker and former Citigroup Inc. co-chairman John Reed have been named to a Federal Deposit Insurance Corp. panel that will help the agency map strategy for unwinding too-big-to-fail financial firms when they collapse.
An Arkansas proposal to use Medicaid money to buy private insurance for poor residents was passed by the state Senate, aiding efforts to implement the Obama administration’s health-care overhaul in states with Republican-led legislatures.
In the five years that John Silvetz made about $700 million for Deutsche Bank AG by trading corporate bonds and credit derivatives, the share of his annual bonus paid in cash dropped to 20 percent from almost 70 percent.
For all the hand-wringing over too- big-to-fail banks, there is at least one simple solution: shrink them. A more vexing question is how to deal with links between firms, and markets, that can pose even bigger threats.