BankThink

I have come to know Sheila Bair as a pragmatic regulator who is passionate not only about protecting consumers, but also about ensuring the ongoing success of the community banking system.

Credit Agricole, Allied Bank of Ireland and Banco Santander applied, by name, for Fed approval to acquire banks in the U.S. Why shouldn't the People's Republic of China?

Though its investigation into Morgan Keegan laid out extensive evidence that employees actively misled investors, the SEC's settlement signals the limits of current enforcement.

The recent panics and crises present a striking case of recurring patterns. These include the dilemmas of governments when using taxpayers' money to offset the losses of financial firms in the name of financial stability.

Thirty-seven years ago this month, the failure of a small German bank sent shock waves through the system, costing banks from New York to Singapore some $620 million in losses.
The collapse of Bankhaus Herstatt in Cologne made the front page of the June 27, 1974, issue of American Banker , which we've republished today on our 175 anniversary Flashback site. While technology has made a repeat of this particular transcontinental foreign-exchange debacle unlikely, the broader theme of contagion is as salient as ever.