John Williams

What ongoing repo turmoil means for banks


Federal Reserve officials said they contained fallout from the rate spike in the repurchase agreement market, but the episode poses longer-term repercussions for liquidity rules, the transition to a new interest rate benchmark and other issues.


Is the end of Libor a threat to financial stability?


Concerns over banks’ level of preparation have led to worries about disruptions in the lending market, and some financial institutions warn that a new interest rate benchmark could cause lenders to pull back on credit.


Goldman’s ‘money pit;’ lenders embrace small installment loans


Goldman’s consumer unit, Marcus, has so far lost $1.3 billion; big lenders like JPMorgan Chase and Amex are making loans for small-ticket items like clothes and cosmetics.


Experimenting with digital currencies; Questioning SOFR


Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.


G7 warns on Libra; N.Y. Fed chief tells central banks to be bold


Finance ministers call for tight regulation of cybercurrencies; Williams says the Fed must “act quickly to lower rates at the first sign of economic distress.”


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.


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


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.


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.


Reacting to Williams’ appointment; Treasury seeks CRA changes


The San Francisco Fed chief, an economist, is seen as a complement to Fed chair Powell; the proposal would make it easier for banks to comply with the law.