An FDIC call for smaller financial firms

Real estate brief

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

The U.S. financial sector should rely on smaller, less complex financial firms, rather than a few large firms that can bring down the whole system, said Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair during testimony to a U.S. Senate committee on Wednesday.