Federal Reserve Bank of New York

Danske Bank CEO resigns; Visa, Mastercard offer to settle with retailers

09/19/18

The Danish bank found more than $200 billion of suspicious deals at its Estonian branch; merchants can opt out of the deal as another case on network rules continues.

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FBI, OCC probe Amex; Former research chief sues New York Fed

09/06/18

The agencies are looking into firm's forex pricing; the Fed is accused of stalling on a novel banking idea.

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Stats on consumer debt collection aren't as rosy as they look

08/14/18

The number of consumers being pursued by debt-collection agencies fell dramatically in the past year, but it's as much technicality as achievement, and bankers need to keep that in mind when reviewing the credit scores of millions of Americans.

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The 'tyranny of success'; Wells to revamp wealth unit

06/19/18

Morgan Stanley CEO, New York Fed chief caution against failing to remember what caused the financial crisis; Wells Fargo may combine its two big wealth management businesses.

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Why banks’ biggest risk factor may be employees who don’t speak up

06/18/18

Senior leaders may say that they want to hear bad news, but that doesn’t mean lower-level employees are eager to share it with them.

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Uneasy transition: Banks prepare for Libor’s demise

05/28/18

The London interbank offered rate will likely be replaced by a new reference rate that critics say is better suited for the derivatives market than it is for commercial lending.

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What banks — and fintechs — can expect from N.Y. Fed's new chief

04/05/18

John Williams, a monetary policy expert, has been a critic of Wall Street culture and has voiced concerns about financial startups not offering equal access to credit.

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N.Y. Fed makes it official: Williams picked as president

04/03/18

The New York Fed has tapped San Francisco Federal Reserve Bank President John Williams as its next president, concluding a search process that has drawn criticism for being inadequately considerate of candidates with more diverse backgrounds.

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Equifax gets new CEO; CEO Cryan committed to Deutsche Bank

03/29/18

Mark Begor, a former long-time GE Capital executive, faces lots of challenges as the credit bureau recovers; CEO dismisses “widespread rumors” that the bank wants to replace him.

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N.Y. Fed doesn’t need a regulator who whiffed on Wells

03/28/18

San Francisco Fed President John Williams is not suited to lead the most important of the regional Fed banks, given his inability to detect the phony-accounts problems at Wells Fargo. He also lacks of Wall Street experience.

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