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FT.com / Companies / Banks - Regulator expects bank chiefs to lose jobs

A US regulator on Friday predicted that chief executives and directors of some of the banks that underwent the stress tests could lose their jobs, in another sign of the government's desire to have a say in the running of bailed-out companies.

Sheila Bair, chairman of the Federal Deposit Insurance Corporation, said the authorities could replace management and boards at some of the 10 banks that were ordered to add fresh capital after the tests.

by In Wales (inwales aaat eurotrib.com) on Sat May 16th, 2009 at 06:42:20 AM EST
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