Thomson Reuters Corp., the provider of financial data and news, elected former Federal Deposit Insurance Corp. Chairman Sheila Bair to its board, adding an outspoken advocate of greater transparency from banks.
U.S. Treasury Secretary Timothy F. Geithner resisted Sheila Bair’s efforts to replace Vikram Pandit as chief executive officer of Citigroup Inc. in early 2009, according to her memoir of the financial crisis.
U.S. lawmakers could harm the financial system if they fail to give regulators money and power to implement the Dodd-Frank Act, Federal Deposit Insurance Corp. Chairman Sheila Bair told lawmakers at a hearing in Washington.
U.S. regulators can prevent a repeat of the financial crisis that toppled Lehman Brothers Holdings Inc . if they fully apply new authority granted by lawmakers, Federal Deposit Insurance Corp. Chairman Sheila Bair said.