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AmericasMay 4 2010

Amid an FDIC clean-up, the US bank landscape has changed for good

Cleaning up: the FDIC plans to bring a more grassroots style to the US banking industryThe Federal Deposit Insurance Corporation, under the tutelage of chairwoman Sheila Bair, has been spearheading a banking clean-up on a massive scale. And while the sector faces much uncertainty, one thing is sure: the US banking landscape is set to change for good. Writer Suzanne Miller
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Amid an FDIC clean-up, the US bank landscape has changed for good

Over the past two years, Wall Street's financial leaders have had their fair share of late nights and migraines as they adapt to the post-crisis world. Perhaps few have been more challenged, however, than the chairwoman of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair, who wields the clean-up broom for much of the US banking industry.

Known for her tough-minded independence - she was awarded the Kennedy Library Foundation Award for political bravery in 2009 - she has sparred openly with bankers, politicians and other regulators in her dogged determination to bring a more grass-roots style of banking back to risk-addicted Wall Street.

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