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18 Mar 2008, 8:43 am
Two well-respected columnists at the New York Times - business reporter Gretchen Morgenson and Op-Ed columnist and Princeton economist Paul Krugman - have strongly criticized the Federal Reserve's decision to bail out Bear Stearns. [read post]
30 Aug 2019, 7:32 am by Allan Blutstein
(S.D.N.Y.) -- concluding that records concerning three loans issued by the Federal Reserve Bank of New York do not constitute agency records of the Board.White Coat Waste Project v. [read post]
13 Aug 2009, 6:15 am
There have been numerous proposals over the years to consolidate the federal banking regulators. [read post]
26 Aug 2021, 8:58 am by Kristian Soltes
The Justice Department’s Antitrust Division and the Federal Trade Commission last week endorsed a May proposal by the Federal Reserve to reopen Dodd-Frank Act rules that capped the fees retailers pay and required banks and other debit card providers to offer more payment network choices for routing transactions. [read post]
16 Mar 2008, 2:26 pm
" It begins as follows:As chairman of the Federal Reserve, Ben S. [read post]
27 Jul 2011, 7:29 pm
" New York Attorney General Eric Schneiderman's office said in a statement last week that he "remains concerned by any settlement agreement that would preclude state attorneys general from conducting comprehensive investigations of the mortgage crisis. [read post]
20 Apr 2023, 1:18 pm by jeffreynewmanadmin
The Treasury and the Federal Reserve Board, say subsidiary of Wells Fargo and its predecessor, Wachovia Bank, provided a European bank with financial software, called Eximbills, that was used to process 124 transactions with blacklisted entities and the transactions totaled about $532 million. [read post]
Following up on our previous post of earlier this week, in this update on the transition away from LIBOR (London Interbank Offering Rate) as the reference rate of choice for financial transactions, we discuss one such alternative, the Secured Overnight Financing Rate (SOFR) issued by the Federal Reserve Bank of New York (”FRBNY”). [read post]
7 Jul 2015, 1:44 pm by Kendal Sanders
Studies by the Federal Reserve Bank of New York have shown that people in debt who file for bankruptcy do better financially than those who do not. [read post]
22 Feb 2016, 5:02 am by Patrick T. Ryan
A federal district court judge in New York has denied a request by the defendants in a putative class action to deposit funds with the Clerk of Court in the amount of the defendants’ Rule 68 offer of judgment ($400) – an amount the defendants assert would moot the two named plaintiffs’ individual claims and require dismissal of the proposed class action. [read post]
22 Feb 2016, 5:02 am by Patrick T. Ryan
A federal district court judge in New York has denied a request by the defendants in a putative class action to deposit funds with the Clerk of Court in the amount of the defendants’ Rule 68 offer of judgment ($400) – an amount the defendants assert would moot the two named plaintiffs’ individual claims and require dismissal of the proposed class action. [read post]
27 Oct 2020, 10:43 am by shmedia
   Roughly 17 million people (about 14% of US households) owe more value in debt  than they do in assets, according to an estimate provided by the Federal Reserve Bank of  New York. [read post]
14 Jun 2021, 8:50 pm by Simon Lovegrove (UK)
In January 2021, the BIS signed a memorandum of understanding for a strategic collaboration with the Federal Reserve System (New York). [read post]
17 Apr 2012, 7:33 am by Felix Shipkevich
Dudley, president of the Federal Reserve Bank of New York, said the standards will make the financial systems “more resilient to financial crises and, in particular, to participant defaults. [read post]