173:, Inc., a global consulting firm. Isaac served as Chairman of the Board of Fifth Third Bancorp from 2009 through 2014. Isaac left FTI Consulting at year end 2019 and joined The Isaac-Milstein Group as Co-Chairman with New York financier and philanthropist Howard Milstein who is Chairman & CEO of New York Private Bank & Trust which in turn owns Emigrant Bank. Isaac sits on a number of corporate boards (including New York Private Bank & Trust and Emigrant Bank and is Chairman of Sarasota Private Trust and Cleveland Private Trust and speaks and writes regularly on financial and regulatory issues.
338:, was published in June 2010 by Wiley & Sons. Isaac left FTI Consulting and partnered with New York banker and philanthropist Howard Milstein at the end of 2019, both serving as Co-Chairman of The Isaac-Milstein Group, a global financial services consulting firm. Isaac serves on the boards of New York Private Bank & Trust and Emigrant Bank in New York City and is Chairman of Sarasota Private Trust and Cleveland Private Trust, both part of the Milstein family of companies.
283:; a depression in the agricultural sector; a collapse of the bubble in the energy sector; and a severe nationwide collapse in the real estate sector. Altogether during the crisis of the 1980s and early 1990s some 3,000 banks and thrifts failed, including many of the largest banks in the country and nine of the ten largest banks in Texas.
169:(FDIC) from August 3, 1981 through October 21, 1985. He was appointed to the FDIC Board of Directors by President Jimmy Carter in 1978 at the age of 34 and was named Chairman of the FDIC in 1981 by President Reagan. In 1986, Isaac founded the regulatory consulting firm The Secura Group LLC which became part of
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Making a move to focus his career on the banking industry, Isaac departed Foley & Lardner in 1974 to join the First
Kentucky National Corporation in Louisville, KY, the largest banking company in the state. He served as vice president and general counsel of the corporation and its subsidiaries,
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Isaac is widely credited, including by
President Reagan and former Fed Chairman Paul Volcker, with helping to maintain stability in the financial system during a period of severe stress. While at the FDIC, Isaac served as a member of the Depository Institutions Deregulation Committee, Chaired the
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In 1978, at age 34, Isaac was tapped by
President Jimmy Carter to serve as the youngest-ever member of the board of the FDIC. The position proved to be full throttle from day one – in fact, on his first day in office at the FDIC, Isaac was called down to Puerto Rico, where one of the territory's
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from 1981 through 1985, a very tumultuous period in U.S. banking, which has recently been a point of comparison to the financial crisis of 2008. He was appointed to the three-member board of directors of the FDIC on March 16, 1978 by
President Carter. Some of the major challenges during Isaac's
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After his service at the FDIC, Isaac founded The Secura Group, a consulting firm providing regulatory counseling, risk management services, strategic studies, expert testimony, and management consulting for financial institutions, law firms, and governments.
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and other leading publications. He also appears regularly on leading television and radio programs in the US and abroad, is a contributor to CNBC, testifies before
Congress, and is a frequent speaker throughout the world on finance and regulatory matters.
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There, he got his first taste of dealing with shareholders and reporting to regulatory agencies, including the FDIC, and learned to deftly navigate the economic waters of the mid-1970s.
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acquired the Secura Group in 2007 at which time Isaac became an integral part of the financial services group at LECG, which was later acquired by FTI Consulting.
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Isaac is involved extensively in thought leadership relating to the financial services industry and policy makers worldwide. His articles are published in the
251:. He served in that position through 1985 and is credited of preparing the FDIC for an onslaught of bank failures throughout the 1980s and into the 1990s.
310:, and in 2014 was elected to the board of directors of Total System Services, Inc. (TSYS). He is a regular commentator on banking and financial issues for
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in
Milwaukee. Witnessing incredible changes rippling through the banking sector at the time, he worked on the forefront of the vast expansion of
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fraternity, the
Student Senate, and served as Treasurer of his class. He received an honorary Doctor of Laws degree (LL.D) from
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largest banks, Banco
Credito, was set to fail. Isaac was named Chairman of the FDIC in 1981 following the election of President
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Financial
Institutions Examination Council, and served on the Vice President's Task Force on Regulation of Financial Services.
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Isaac served as Senior
Managing Director for FTI Consulting.until the end of 2019 In May 2010, Isaac was elected chairman of
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and the difficulties posed by the recession and real estate collapse of 1972-1974.
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William M. Isaac was born in 1943 to parents Charles and Ruth Isaac. He grew up in
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which included the First National Bank of Louisville and First Kentucky Trust Co.
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reached 21.5 percent); widespread bank failures and massive insolvencies in the
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Wall Street Journal, Washington Post, New York Times, Forbes, American Banker,
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452:"Bank Nationalization Isn't the Answer: Trust me. I've done this before"
556:"TESTIMONY of WILLIAM M. ISAAC CHAIRMAN, THE SECURA GROUP OF LECG ..."
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After earning his law degree, Isaac went to work for the law firm
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with unemployment reaching 11 percent in 1983; the collapse of
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in 1966. While a student at Miami, he was a member of the
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tenure at the FDIC were sky-high interest rates (the
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Chairs of the Federal Deposit Insurance Corporation
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357:. Oxford, OH: Miami University. 1965. p. 247.
314:TV and regularly contributes opinion pieces for
279:, then the seventh largest bank in the US; the
483:. Pqarchiver.com. p. A.19. Archived from
328:Senseless Panic: How Washington Failed America
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269:Garn–St. Germain Depository Institutions Act
391:"BUYER BEING SOUGHT FOR PUER TO RICO BANK"
47:August 3, 1981 – October 21, 1985
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254:Isaac served as FDIC Chairman during the
532:"Column: FDIC Is a Model for Resolution"
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167:Federal Deposit Insurance Corporation
35:Federal Deposit Insurance Corporation
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582:. Business Exchange. Archived from
190:Bachelor of Business Administration
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530:Isaac, William M. (2010-03-10).
505:Isaac, William M. (2009-01-28).
698:Reagan administration personnel
693:Carter administration personnel
475:Isaac, William M (2008-09-27).
450:Isaac, William M (2009-02-24).
271:deregulating interest rates; a
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606:"William M. Isaac-Bank on it"
638:http://www.williamisaac.com/
430:San Francisco Business Times
273:major recession in 1981-1982
208:in 1984. He also received a
507:"A Plan To Restore Lending"
477:"A Better Way to Aid Banks"
212:(summa cum laude) from the
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426:"LECG to buy Secura Group"
165:) was the Chairman of the
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397:. 1978-03-30. p. D1
369:"William M. Isaac Ph.D."
332:financial crisis of 2008
177:Early life and education
663:People from Bryan, Ohio
658:Miami University alumni
456:The Wall Street Journal
281:third world debt crisis
159:William M. "Bill" Isaac
234:bank holding companies
616:on September 21, 2010
256:Reagan Administration
218:Ohio State University
214:Moritz College of Law
277:Continental Illinois
481:The Washington Post
308:Fifth Third Bancorp
230:Foley & Lardner
643:Wiley book webpage
395:The New York Times
84:L. William Seidman
188:Isaac earned his
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210:Juris Doctor
198:Oxford, Ohio
192:degree from
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144:williamisaac
79:Succeeded by
56:Jimmy Carter
42:
688:1943 births
326:. His book
183:Bryan, Ohio
163:Bryan, Ohio
105:Bryan, Ohio
67:Preceded by
652:Categories
565:2010-06-29
541:2010-06-29
516:2010-06-29
491:2010-06-29
461:2010-06-29
436:2010-06-29
401:2010-06-29
342:References
132:Ohio State
122:Alma mater
115:Republican
220:in 1969.
52:President
43:In office
355:Recensio
620:2 April
590:2 April
375:2 April
216:at The
139:Website
129:, B.A.
610:Forbes
511:Forbes
323:Forbes
267:; the
224:Career
134:, J.D.
559:(PDF)
127:Miami
622:2013
592:2013
377:2013
312:CNBC
293:LECG
146:.com
102:1943
99:Born
196:in
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