FDIC policy shift on failing banks stirs memories of 2008 Wachovia-Wells Fargo-Citigroup financial triangle

FDIC policy shift on failing banks stirs memories of 2008 Wachovia-Wells Fargo-Citigroup financial triangle

A seismic shift in Federal Deposit Insurance Corp. policy for handling a failing national or regional bank — foremost securing an acquirer as quickly as over a weekend — is stirring memories of the Wachovia-Wells Fargo & Co.-Citigroup financial triangle…

FDIC resolution shift favors speed; critics warn of costs

Acting Chair Travis Hill's push for quick weekend bank sales signals a break from past crisis strategies — but some experts warn of higher costs and increased consolidation risks