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New York Federal Reserve Bank

Bernanke: Economy Is Far From Fully Recovered

Reuters | Alister Bull | Posted 11.20.2013 | Business

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed will maintain ultra-easy U.S. monetary policy for as long as need...

Shahien Nasiripour

New York Fed Chief Levels Explosive Charge Against Big Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 11.08.2013 | Business

The head of the Federal Reserve Bank of New York said Thursday that some of America’s largest financial institutions appear to lack respect for the ...

Debt Ceiling & Budget Deficit Debate -- The Secret Root of the 'Problems'

Asher Edelman | Posted 01.23.2014 | Business
Asher Edelman

Though the handouts to the larger banks have exceeded a trillion dollars over the five years of the QE programs most, if not all, of these institutions remain underwater if their assets were to be marked to the market.

Man Gets 30 Years In Prison For NYC Terror Plot

AP | COLLEEN LONG | Posted 10.09.2013 | New York

NEW YORK -- A Bangladeshi student who came to the U.S. intending to commit jihad was sentenced Friday to 30 years in prison after pleading guilty to t...

Dramatic Increase In Student Debt Could Have Widespread Effects

The Huffington Post | Tyler Kingkade | Posted 04.17.2013 | Business

Total student debt has nearly tripled over the past eight years, a new report from the New York Federal Reserve has found. Total student debt stan...

Bangladeshi Man To Plead Guilty In NYC Bomb Plot

AP | TOM HAYS | Posted 04.09.2013 | New York

NEW YORK — A Bangladesh native accused of trying to blow up the Federal Reserve Bank in New York with what he thought was a 1,000-pound car bomb...

Bonnie Kavoussi

New York Fed President: Political Dysfunction On Fiscal Cliff Imperils U.S. Economy

HuffingtonPost.com | Bonnie Kavoussi | Posted 11.29.2012 | Business

NEW YORK -- Continuing political gridlock in the fiscal cliff fight will hurt the U.S. economy, an influential Federal Reserve official said Thursday ...

Well, There's At Least One Bailout Taxpayers Are Profitting From

AP | Posted 08.24.2012 | Business

NEW YORK -- The Federal Reserve Bank of New York sold the remainder of the securities that it had bought as part of the rescue of beleaguered insuranc...

Elizabeth Warren: 'Libor Fraud Exposes Rot At The Core'

The Huffington Post | Alexander Eichler | Posted 07.20.2012 | Business

Elizabeth Warren jumped into a growing chorus decrying the massive Libor manipulation on Thursday with a scathing editorial in the Washington Post. ...

The Age Group Most Likely To Default On Their Student Loans

The Huffington Post | Harry Bradford | Posted 07.19.2012 | Business

Today, Americans are collectively struggling with a trillion dollars in student loan debt. That's hitting borrowers of all ages, of course. But which ...

Bank Of England Chief: Fed Sent No 'Evidence Of Misreporting' Libor Rate

AP | ROBERT BARR | Posted 09.16.2012 | Business

LONDON (AP) — The governor of the Bank of England said Tuesday that U.S. authorities did not show him any evidence of manipulation of a key market r...

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...

Tim Geithner Had Questions About Libor's 'Integrity' In 2008

The Huffington Post | Alexander Eichler | Posted 07.13.2012 | Business

Nobody in their right mind would want to become part of the Libor rate-rigging scandal. But that's what's happening to Treasury Secretary Timothy Geit...

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 Claims It Took 'Prompt Action' On Libor Four Years Ago

Reuters | Posted 09.10.2012 | Business

July 11 (Reuters) - The Federal Reserve Bank of New York will release on Friday documents showing it took "prompt action" four years ago to highlig...

HSBC To Apologize For Being Awful At Preventing Money Laundering

The Huffington Post | Alexander Eichler | Posted 07.11.2012 | Business

HSBC may be ready to say it's sorry. The bank will apologize to a Senate panel next Tuesday for not doing more to prevent money laundering through...

D.M. Levine

Guess Who Just Got Snagged In The Libor Scandal?

HuffingtonPost.com | D.M. Levine | Posted 07.10.2012 | Business

As president of the New York Federal Reserve before and during the financial crisis, Treasury Secretary Timothy Geithner met repeatedly with Barclays ...

AIG Passes Major Milestone

AP | Posted 08.14.2012 | Business

NEW YORK — The Federal Reserve Bank of New York said Thursday that loans it set up to help facilitate the bailouts of American International Gro...

Greg Rosalsky

Bernie Sanders Accuses 18 Fed Directors Of Conflicts

HuffingtonPost.com | Greg Rosalsky | Posted 06.14.2012 | Politics

WASHINGTON -- At least 18 current and former directors of Federal Reserve banks received a stunning total of $4 trillion in near-zero-interest Fed loa...

NY Fed Chair: It's No Big Deal That JPMorgan CEO Is On Our Board

The Huffington Post | Alexander Eichler | Posted 06.11.2012 | Business

At least 36,000 people say JPMorgan Chase CEO Jamie Dimon should step down from the board of directors at the Federal Reserve Bank of New York. Lee...

Student Loan Debt Stands Alone

Reuters | Posted 08.01.2012 | Money

By Leah Schnurr NEW YORK, May 31 (Reuters) - U.S. consumer debt fell in the first three months of the year as American...

Tim Geithner On Dimon: Fed Banks Have 'Perception 'Problem'

Posted 05.17.2012 | Business

Timothy Geithner is worried about a problem of perception. In an interview with PBS Newshour, Geithner was asked whether or not it is a conflict of...

D.M. Levine

Jamie Dimon Defends Lobbying, Fends Off Critics At Shareholders Meeting

HuffingtonPost.com | D.M. Levine | Posted 05.15.2012 | Business

At the annual JPMorgan Chase shareholders meeting on Tuesday morning in Tampa, Fla., CEO Jamie Dimon offered what amounted to a spirited defense of th...

JPMorgan Loss Raises Questions About Whether Regulators Were Asleep At The Wheel

Reuters | Posted 07.13.2012 | Business

* Shift from too big to fail to too big to manage and regulate * Massive trading loss raises questions about regulators ...

Federal Reserve Conducts Another Secret Sale Of AIG Assets

The Huffington Post | Bonnie Kavoussi | Posted 02.28.2012 | Business

The Federal Reserve gave just five banks the chance to bid on taxpayer-owned AIG assets -- again. It's just the latest secret sale of the toxic mor...