News Topic: Federal Reserve Bank of New York

The departing New York Fed president said Monday that the banking industry should improve its culture, better aligning pay with long-term stability and removing bad actors. ... Read full article

The Federal Reserve is facing a backlash over its lack of diversity in key positions after it emerged this weekend that John Williams, the current president of the San Francisco regional branch, is a front-runner to succeed William Dudley as head of the ... Read full article

GOP senators push House colleagues not to change Dodd-Frank rollback bill; agencies respond to consumer complaints about debt collectors. ... Read full article

Directors at the Federal Reserve Bank of New York said they had narrowed their search for the bank's next president to a "handful of final candidates," without naming any of those still in the running or the timetable for announcing their ... Read full article

Top Democratic lawmakers are piling pressure on the Federal Reserve Bank of New York to consider a diverse slate of candidates as the search for its next president enters a critical phase. ... Read full article

Even as Congress and the Trump administration move to ease post-crisis banking rules they say have gone too far, there's still evidence a central problem of the last crisis hasn't been fixed. ... Read full article

In some states, total mortgages outstanding are at all-time highs, but in others hard hit by the financial crisis they remain well below their 2008 peaks, the New York Fed said Tuesday in its quarterly report on household debt. ... Read full article

U.S. consumers are borrowing more than ever to buy homes and cars, pay for college and even finance every day purchases. Is it a display of confidence in the U.S. economy or are many households living far beyond their means? ... Read full article

After facing a landmark sexual harassment lawsuit in the mid-1990s, the banking industry has improved its codes of conduct and training on sexual harassment issues, CIT Chief Executive Ellen Alemany said during a panel discussion Wednesday morning. ... Read full article

Wells has tapped Sarah Dahlgren for a newly created position overseeing regulatory relations as the megabank tries try to remove the cloud of its phony-accounts scandal. ... Read full article

William J. McDonough, whose decade-long tenure as Federal Reserve Bank of New York president included dealing with the market scare of Long-Term Capital Management and the aftermath of the Sept. 11 terror attacks, has died. He was 83. ... Read full article

Finding a perfect candidate could be tricky. Because the New York Fed oversees banks and operates in markets, someone with Wall Street experience is ideal — yet at the same time, it’s important to find a candidate who isn’t beholden to the banks. ... Read full article

Women are not only less likely to be approved for loans than men, they are less inclined to apply for loans in the first place. Among the reasons: aversion to debt and fear of rejection, according to a new report. ... Read full article

Digital currency jumps through $11,000 before falling below $9,500 in a volatile day of trading; bank faces growing regulatory scrutiny. ... Read full article

More stringent underwriting is the likely reason banks and credit unions are seeing relatively low levels of delinquencies on car loans to high-risk borrowers. ... Read full article

William Dudley is leaving before his term is up; esoteric bank security pays off big. ... Read full article

Federal Reserve Bank of New York President William Dudley is close to announcing his retirement, CNBC reported, citing several people familiar with his plans. ... Read full article

At 1.56%, the delinquency rate on consumer loans remains well below historic averages, the American Bankers Association said Thursday. ... Read full article