News Topic: Federal Reserve Bank of San Francisco
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GOP senator says research by San Francisco Fed is 'mission creep'
Sen. Pat Toomey, R-Pa., warned the regional Federal Reserve bank that its papers about environmental, social and corporate governance policies hurt its ability to stay neutral on partisan issues. ]] ... Read full article
Recovery could take 4 years if virus contained, Fed’s Daly says
The U.S. economy can escape another decade-long slog back to health if strong public measures or a vaccine curb virus surges, Federal Reserve Bank of San Francisco President Mary Daly said. ... Read full article
FHLB of San Francisco offers aid for banks fighting pandemic strains
The Home Loan bank will make zero-interest loans, match charitable donations that members make to nonprofits and small businesses, and provide additional funding for economic development grants. ... Read full article
Agencies cancel community reinvestment conference due to coronavirus
The banking regulators have announced that they are postponing next week’s National Interagency Community Reinvestment Conference because of growing health concerns about the virus outbreak. ... Read full article
When a small town loses its only bank
The people of tiny Duncan, Ariz., have found creative ways to adapt to life in a banking desert, but their experience augurs a worrisome future for many other rural communities. ... Read full article
U.S. banking regulators taking harder look at climate change
In recent months federal regulators have been speaking out on the risks that extreme weather events pose to the financial system, something their European counterparts have been doing for some time. ... Read full article
CRA credit for fighting climate change: One Fed bank's suggestion
As policymakers mull ways to update the 42-year-old Community Reinvestment Act, economists at the San Francisco Fed have put forth a novel proposal. ... Read full article
San Francisco Fed says banks could weather a big hit to housing
America's banks could largely weather a major housing downturn, a new Federal Reserve Bank of San Francisco analysis finds, and that includes thousands of smaller lenders who typically have higher exposure to real estate. ... Read full article
Union Bankshares, Goldman Sachs and First Horizon: Bankers on the move
Several female executives accepted leadership roles throughout the industry and in regulatory roles during the past month. ... Read full article
Danske Bank CEO resigns; Visa, Mastercard offer to settle with retailers
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. ... Read full article
Lake a contender at JPM; U.S. probes Danish bank
Marianne Lake could be JPM’s eventual choice to succeed Dimon; three agencies investigating money laundering allegations against Danske Bank. ... Read full article
San Francisco Fed names research head as new president
Mary Daly succeeds John Williams, who left the bank earlier this year to run the Federal Reserve Bank of New York. ... Read full article
Banks turn to blockchain; commercial loan growth
JPMorgan and Santander show off their uses for the technology; commercial and industrial loans outstanding are rising. ... Read full article
What banks — and fintechs — can expect from N.Y. Fed's new chief
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. ... Read full article
N.Y. Fed doesn’t need a regulator who whiffed on Wells
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. ... Read full article
Fed faces pro-diversity uproar on report of Williams' N.Y. nod
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
Another day, another Wells scandal; Virtual currency deals go on
Bank may have failed to refund insurance premiums to customers who repaid their auto loans early; digital coin offerings proceed despite warnings from SEC. ... Read full article
