Federal Reserve Bank of Dallas President Richard Fisher said Wednesday the nation’s largest financial institutions likely need to be broken into less threatening operations, adding he also supports an increase in the central bank’s emergency lending rate. Fisher said he supports “an international accord to break up these institutions into ones of more manageable size. More manageable for both the executives of these institutions and their regulatory supervisors.”
Fed’s fisher wants biggest banks broken up
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products