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)
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China Returns to U.S. IPO Market in a Big Way
55:40 - Tom Farley, president at the NYSE Group, discusses the timing of the ZTO Express debut, listing in New York versus China and the outlook for the IPO market in the U.S. He speaks to Bloomberg's Haidi Lun on "Bloomberg Markets." (Source: Bloomberg)