Federal Reserve Bank of New York

Wells Fargo hires former N.Y. Fed official as liaison to regulators

01/30/18

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.

[more]

Ex-New York Fed chief McDonough dies; led bank during LTCM, 9/11

01/25/18

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.

[more]

New York Fed makes rounds in search for next chief

01/02/18

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.

[more]

Why so many women business owners avoid bank loans

12/06/17

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.

[more]

Bitcoin’s wild ride; Wells names three directors

11/30/17

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

[more]

Subprime car loans souring faster at nonbank lenders

11/14/17

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.

[more]

N.Y. Fed chief to retire; TARP warrant windfall

11/06/17

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

[more]

New York Fed's Dudley may soon announce retirement: Report

11/05/17

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

[more]

Delinquencies remain low even as household debt climbs

10/05/17

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

[more]

N.Y. Fed's Dudley failed to disclose sibling worked at Wells Fargo

09/01/17

A law firm hired by the New York Fed board concluded that Dudley’s error was "inadvertent," and that while it violated the reserve bank's own code of conduct, it did not violate federal statutes.

[more]