WASHINGTON, March 29 (Reuters) - The Federal Deposit Insurance Corp is experimenting with different structures for its sales of failed banks, as the economy recovers and commercial real estate is increasingly a driver of collapses, the head of the agency said on Monday.
FDIC Chairman Sheila Bair said the agency is exploring securitizing failed bank assets and other techniques to drum up interest in troubled banks and to ensure the FDIC gets the maximum return.
'We want to get a little more innovative,' Bair said at a Women in Finance Symposium at the Treasury Department.
(Reporting by Karey Wutkowski, editing by Gerald E. McCormick) Keywords: BANKS/FDIC (E-mail:karey.wutkowski@thomsonreuters.com +1 202 898 8374) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
FDIC Chairman Sheila Bair said the agency is exploring securitizing failed bank assets and other techniques to drum up interest in troubled banks and to ensure the FDIC gets the maximum return.
'We want to get a little more innovative,' Bair said at a Women in Finance Symposium at the Treasury Department.
(Reporting by Karey Wutkowski, editing by Gerald E. McCormick) Keywords: BANKS/FDIC (E-mail:karey.wutkowski@thomsonreuters.com +1 202 898 8374) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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