Items Tagged with 'Federal Reserve Bank of New York'

ARTICLES

  • New York Fed names John Williams president and CEO

    Will begin in new role June 18, 2018
    The Federal Reserve Bank of New York announced it nominated John Williams as its next president and CEO. Williams will begin his new role on June 18, 2018, following the last day for current NY Fed President William Dudley. Here’s more on Williams, and what he brings to his new role.
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  • New York Fed President William Dudley to retire next year

    Marks another leadership shuffle
    There's another leadership change coming to the Federal Reserve System. Federal Reserve Bank of New York President and CEO William Dudley announced Monday that he intends to retire in mid-2018, confirming industry rumors. Dudley becomes the latest Fed official to leave, whether by their own choice or not.
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  • Americans fall deeper into debt than ever before [Charts]

    Debt now surpasses previous 2008 peak
    Americans are taking on more debt than ever before, as the level of consumer debt just surpassed its 2008 peak. After nine years, debt levels recovered from the recession. And over the past century, household debt growth is even more substantial. These charts explain the growth patterns.
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  • NY Fed president compares Wells Fargo fake account scandal to subprime mortgage crisis

    Dudley: Like subprime crisis, compensation made bankers ignore consequences
    The president of the Federal Reserve Bank of New York told the Banking Standards Board in London on Tuesday that he sees quite a few similarities between the Wells Fargo fake account scandal and the subprime mortgage crisis of the late 2000’s. "Compensation, once again, seems to be at the center of a scandal," NY Fed President William Dudley said in the speech.
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  • [CHARTS] Notably fewer rejections for mortgage refis as credit profiles improve

    Lower credit consumers stay away from rising interest rates
    As interest rates continue to increase, mortgage refinance applications are decreasing. However, as the last few households rushed in to apply for a refi before rates increased further, rejection rates dropped. These charts from the Federal Reserve Bank of New York explain the latest trends in mortgage refinances.
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  • Federal Reserve: Mortgage debt rises to 4-year high

    Mortgage debt increased by $120 billion in first quarter
    The amount of money that Americans owe to mortgage lenders rose to the highest level in more than four years during the first quarter, according to a new report from the Federal Reserve Bank of New York. Click through to read the full details.
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  • Goldman Sachs fined $50 million for Federal Reserve leak

    Former Goldman employee joined from Fed, shared confidential documents
    The so-called revolving door between financial regulators and the private sector has finally swung around and bitten one of those private companies right where it hurts – their bottom line. Goldman Sachs will pay $50 million in fines after an investigation found that a former employee improperly shared confidential information obtained from the Federal Reserve Bank of New York.
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