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)

Middle East: What You Need to Know for May 30
55:20 - Bloomberg's Tracy Alloway gives you the top First Word headlines on "Bloomberg Markets: Middle East." Watch continued coverage on Bloomberg Television for more on issues surrounding oil, investment, and markets. (Source: Bloomberg)
  • UBS' Yu Expects Support for Sterling Heading into 2018
  • Saudi Arabia's Foreign Assets Below $500 Billion
  • Ties With Iran Spark Dispute in Gulf