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9 Oct 2013, 12:11 pm
– viewed the job of running the country's economy as if they were dealing with chemical reactions or physics experiments," writes Kevin Roose, in a New York Magazine piece titled "Welcome to the Humanist Federal Reserve, Led By Janet Yellen." [read post]
23 Apr 2009, 1:47 pm
According to a letter from New York attorney general Andrew Cuomo released this afternoon, a more subtle variation occurred last December when then Treasury Secretary Henry Paulson pressured Bank of America CEO Ken Lewis into closing the latter's disastrous acquisition of Merrill Lynch, despite massive deterioration in Merrill's value, of which Lewis was keenly aware but did not disclose to B of A shareholders. [read post]
17 Oct 2008, 4:22 pm
Stern, President of the Federal Reserve Bank of Minneapolis and co-author of Too Big to Fail: The Hazards of Bank Bailouts. [read post]
23 Nov 2011, 7:59 am
Greenberg’s lawyers on Monday sued the U.S. and the Federal Reserve Bank of New York on behalf of Starr International Co. and other AIG shareholders. [read post]
10 Jan 2020, 11:39 am
Curiously, this tactic is becoming more common in California, New York, Florida, Arizona and elsewhere. [read post]
13 Sep 2012, 3:00 am
Although the Supreme Court denied a petition for certiorari in the Seventh Circuit case, I think that in light of this circuit split a petition for certiorari in the Second Circuit case is likely and has a good chance of success.Notes:We previously saw NML’s unsuccessful effort to attach Argentina’s central bank’s deposits with the Federal Reserve Bank of New York, its efforts to attach bank accounts owned by Argentine… [read post]
29 Jan 2019, 10:40 am
-recognized leader Juan Guaidó partial access to Venezuelan accounts at the New York Federal Reserve Bank, the Washington Post reports. [read post]
10 Mar 2023, 8:17 am
Jack Henry & Associates and ACI Worldwide are among the payments companies gearing up for the launch later this year of the Federal Reserve banks’ new real-time payments system, called FedNow. . . . [read post]
1 Oct 2019, 4:17 am
The FCA maintained that the COO deliberately or recklessly made false or misleading statements and omitted material information about the Document, including: (a) in drafting a note for the CEO of the Wealth Division to send to the bank’s senior management in response to anonymous allegations that a ‘wealth cultural audit report’ had been suppressed (the Note); and (b) in connection with a response to a request made by the Federal Reserve Bank of… [read post]
1 Dec 2012, 5:42 am
First Republic Bank paid $1,009,643.93 in overtime back wages for 392 First Republic Bank employees in California, Connecticut, Massachusetts, New York and Oregon after the Labor Department found the San Francisco-based bank wrongly classified the employees as exempt from the FLSA’s overtime and recordkeeping requirements, resulting in violations of the Fair Labor Standards Act’s overtime and record-keeping provisions. [read post]
25 Feb 2021, 4:59 pm
The result: more dropouts, less literacy and numeracy, widening race gaps, and long-term harm to some of our most marginalized youth.AdvertisementContinue reading the main storyThe San Francisco Federal Reserve Bank this month estimated that educational disruptions during this pandemic may increase the number of high school dropouts over 10 years by 3.8 percent, while also reducing the number of college-educated workers in the labor force. [read post]
7 Jul 2008, 2:44 am
Richard Fischer, a partner in the Morrison & Foerster law firm and a former Federal Reserve official. [read post]
19 Jun 2019, 7:37 am
How A Small Bank’s Fed Account Quest May Impact FintechsLaw360 – June 12, 2019 (subscription required) A David and Goliath battle playing out in New York federal court between a small bank startup and the Federal Reserve may shed light on an issue that’s dogged fintech firms interested in becoming federally chartered banks: Will they be allowed to access the Fed’s payments system? [read post]
29 Dec 2009, 7:24 am
Tahyar is a partner and member of the New York Financial Institutions Group at Davis Polk & Wardwell LLP. [read post]
17 Jul 2019, 10:32 am
WhatsApp is preparing to submit the report for approval to India’s banking regulator, the Reserve Bank of India, said one of the people, asking not to be named as the matter is confidential. . . . [read post]
15 May 2012, 2:00 am
(“CMB”) to establish a branch in New York, New York, the first such approval for a Chinese bank since the FBSEA. [read post]
25 Mar 2008, 12:33 pm
Federal Reserve Bank, 34 F.2d 910 (2d Cir. 1929). [read post]
29 Mar 2016, 6:24 am
Dudley is President and Chief Executive Officer of the Federal Reserve Bank of New York. [read post]
29 Jan 2011, 9:08 pm
A Strategy for the 2011 Economic Recovery, January 28, 2011, [See also related charts in PDF] - Joseph S. [read post]
21 Jan 2022, 9:03 pm
Morgan of the Federal Reserve Bank of New York, and Brian T. [read post]
