Are America's Megabanks Too Big to Fail?

June 28 (Bloomberg) -- Are America's biggest banks still too big to fail? Richmond Federal Reserve Bank President Jeffrey Lacker says yes. On Sunday's program, Lacker says Dodd-Frank's orderly liquidation authority makes the problem worse. "It’s structure in a way that it gives the FDIC the ability to rescue creditors, to help them escape losses in the event of a large financial institution failing," Lacker says. "To my mind, that perpetuates too big to fail because it gets at that short-circuiting of incentives that's the real heart of the problem." (Source: Bloomberg)
Olam CEO: Mitsubishi Deal Will Create Opportunities
55:18 - Sunny Verghese, chief executive officer of Olam International Ltd., the Singapore commodity trader controlled by the city’s state investment company, talks about an agreement with Mitsubishi Corp., a Japanese trading house. Mitsubishi agreed to buy a 20 percent stake in Olam in two deals worth S$1.53 billion ($1.09 billion). Verghese speaks with Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg)
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