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Federal Reserve Bank of New York

Goldman Sachs Fires Employees Over Leaking NY Fed Secrets

Reuters | Posted 11.20.2014 | Business

(Adds details, shares) Nov 20 (Reuters) - Goldman Sachs Group Inc said it fired a junior employee and a supervisor over the leaking of...

Fed Fires Examiner Who Took On Goldman

ProPublica | Jake Bernstein | Posted 10.11.2013 | Business

A version of this story was co-published by ProPublica with The Washington Post.In the spring of 2012, a senior examiner with the Federal Reserve Bank...

Chris Kirkham

Why More People May Be Behind On Student Loans Than We Think

HuffingtonPost.com | Chris Kirkham | Posted 02.28.2013 | Business

The Federal Reserve Bank of New York released data on Thursday showing skyrocketing levels of student debt over the past decade. But the real picture ...

Rescued By A Bailout, A.I.G. May Sue Its Savior

Dealbook | BEN PROTESS and MICHAEL J. DE LA MERCED | Posted 01.08.2013 | Business

Fresh from paying back a $182 billion bailout, the American International Group has been running a nationwide advertising campaign with the tagline ...

N.Y. Fed Silent On Barclays’ Admission Of Rigging Libor

Reuters | Sakthi Prasad | Posted 07.25.2012 | Business

Treasury Secretary Timothy Geithner, who was then head of the Federal Reserve Bank of New York, did not communicate in key meetings with top regulator...

Tim Geithner Defends His Role In The Libor Scandal

The Huffington Post | Bonnie Kavoussi | Posted 09.17.2012 | Business

Timothy Geithner defended his role in the growing Libor scandal on Wednesday, telling CNBC that he acted "early" and forcefully" after learning that b...

Top U.S. Regulator On Libor Scandal: 'We're All Losers'

The Huffington Post | Alexander Eichler | Posted 07.13.2012 | Business

You may not do any banking in London. You may not have ever been to London. But Gary Gensler is pretty sure the London interbank offering rate affects...

Guess Who Gets A Huge Check From JPMorgan Chase Every Year

The Huffington Post | Alexander Eichler | Posted 07.16.2012 | Business

The relationship between JPMorgan Chase and its regulators is gaining a bit more attention these days. Plenty of people have already registered t...

NY Fed Received Reports Of 'Problems With Libor' In 2007

Reuters | Posted 09.09.2012 | Business

* Questions over whether Fed did enough over Libor concerns * May have known as early as August 2007 about flaws * Geith...

This Bailout Could Really Pay Off For Taxpayers

Reuters | Posted 07.07.2012 | Business

WASHINGTON, May 8 (Reuters) - U.S. taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer Americ...

Bank CEOs Air Grievances With Dodd-Frank

Reuters | Posted 07.02.2012 | Business

* Bank CEOs express concerns about Dodd-Frank rules * Fed's Tarullo listens but does not respond at meeting * Stress tes...

Fed's Secret Sale Of AIG Assets To Goldman Criticized As 'Un-American'

The Huffington Post | Bonnie Kavoussi | Posted 02.10.2012 | Business

The Federal Reserve gave just five banks the chance to bid on $6.2 billion in taxpayer-owned AIG assets before selling them to Goldman Sachs on Wednes...

Goldman Buys Billions Of Dollars Worth Of Mortgage Bonds

Reuters | Posted 04.09.2012 | Business

* Second major Maiden Lane II sale in three weeks * Allows Fed bank to recoup balance of $19.5 bln loan * Bonds were acq...

Jon Corzine Disputes Notion He Knew About Misused Customer Funds

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.14.2012 | Business

WASHINGTON — Jon Corzine's three days of testimony on MF Global's collapse offered little to satisfy lawmakers or clients who lost millions when...

Federal Agency Wants Details On Multi-Billion BofA Settlement

AP | Posted 10.31.2011 | Business

By Associated Press WASHINGTON -- Fannie Mae and Freddie Mac are asking for more information about a proposed $8.5 billion settlement between Bank ...

Wall Street Bankers 'Answer Call' Of New Careers

Reuters | Lauren Tara LaCapra | Posted 10.17.2011 | Business

(Reuters) - In his 23 years as a banker, Adam Greene trotted the globe, closing billions of dollars' worth of deals for some of the world's biggest ba...

Treasury Officials Weighing Options To Avoid Default

Reuters | Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan | Posted 09.05.2011 | Business

By Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan WASHINGTON (Reuters) - A small team of U.S. Treasury officials is discussing opti...

BofA Close To Record Settlement Over Mortgage-Securities

Posted 08.28.2011 | Business

UPDATE: Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed sec...

On Obama, Wall Street Shows A Reluctance To Commit

The New York Times | ANDREW ROSS SORKIN | Posted 08.27.2011 | Business

President Obama's $35,800-a-plate fund-raising dinner was the talk of Wall Street last week....

More Examiners Will Now Work At Companies They Regulate

Wall Street Journal | AARON LUCCHETTI | Posted 08.20.2011 | Business

As part of a push to prevent another financial crisis, the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency are incr...

‘Squatter Rent' Savings May Help U.S. Spending

Bloomberg | Bob Willis and John Gittelsohn | Posted 07.06.2011 | Business

Millions of Americans have more money to spend since they fell delinquent on their mortgages amid the worst housing collapse since the Great Depressio...

Credit Card Debt Is Falling, But Only Because Of Defaults, Report Says

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

Credit card debt fell last year only because of consumer defaults and bank write-offs, a new study argues. In 2010, U.S. credit card debt dropped ...

11 Ways Bank of America Practices Hurt Americans

Gordon Whitman | Posted 05.25.2011 | Business
Gordon Whitman

What WikiLeaks has is a mystery, but we already know a lot about Bank of America practices that are hurting Americans and prolonging the economic crisis. Here are the eleven biggest issues.

Taxpayer Investment Watch: AIG, Mortgage Bonds Showing Positive Signs

The Huffington Post | William Alden | Posted 05.25.2011 | Business

In two tentative signs of hope that taxpayers will be repaid for the financial sector bailout, AIG used share sales to free up billions, and governmen...

Shahien Nasiripour

Geithner Admits Regulatory Failures, Reiterates Support For Empowering Regulators

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner and the Federal Reserve's longest-serving top official reiterated their calls Thursday to rein in the nation's fin...