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)
U.S. CPI Rises Most in Two Years: What Will Yellen Say?
07:31 - Inflation showed signs of moving upward towards the Federal Reserve’s goal as core consumer prices in April climbed by the most in two years. Bloomberg’s Mike Regan and Josh Wright examine the data and how it may affect comments later today from Federal Reserve Chair Janet Yellen. They speak on “Bloomberg Markets.” (Source: Bloomberg)
Raw Tuna Blamed for Sickening 53 People in the U.S.
Euro-Dollar Drop Just Another Day in FX: David Zervos
Deutsche Bank Admits Failure: Surveillance (05/21)
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