A former senior bank examiner for the Federal Reserve Bank of New York sued her ex-employer, claiming she was fired because she refused to change her findings that Goldman Sachs Group Inc. lacked a firmwide conflict-of-interest policy.
The groundwork for preventing a U.S. Treasury default from causing a cataclysmic breakdown of the plumbing of the global financial system was laid after the last debt-ceiling crisis in 2011 -- and is still a work in progress.
The Federal Reserve Bank of New York’s William C. Dudley received a waiver in 2008 to keep his personal holdings of American International Group Inc. shares after the insurer got a bailout from the central bank.
Every morning, from his desk by the bathroom at the far end of Royal Bank of Scotland Group Plc’s trading floor overlooking London’s Liverpool Street station, Paul White punched a series of numbers into his computer.
The Federal Reserve Bank of New York is considering selling assets in its Maiden Lane III LLC portfolio, which were assumed in the government bailout of American International Group Inc., the district bank said today.
The Federal Reserve Bank of New York is halting its sales of mortgage bonds acquired in the rescue of American International Group Inc. after coming under criticism that auctions were damaging credit markets.
The U.S. is weighing whether to suspend deliveries to Egypt of weapons systems including Apache attack helicopters due this month, as a national survey found that half of Americans favor cutting off military aid in response to the violence wracking the nation.
The Federal Reserve Bank of New York may seek to require banks to buy back its holdings of faulty mortgages and other assets acquired through the rescues of Bear Stearns Cos. and American International Group Inc. , a spokesman said.