Items Tagged with 'New York Federal Reserve Bank'

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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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  • Three things to learn from the New York Fed hack

    Think your company is immune? Think again
    You operate a small business and don't have billions sitting around in bank vaults. Surely your company doesn't have to worry about a hack, right? Wrong. A quick read of the Fed hack reveals several elements that hold true for your business as well.
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  • The BofA-GSE settlement: Were we robbed, or not?

    The year started with a big surprise — the Jan. 3 announcement that Bank of America [stock BAC][/stock] had reached an agreement with Fannie Mae and Freddie Mac on "substantially" all currently outstanding repurchase requests on loans sold by Countrywide to the government-sponsored enterprises.
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  • Dudley Named New York Fed President

    The New York Federal Reserve announced Tuesday it selected William C. Dudley as its new president and CEO. Dudley, 56, will succeed Timothy Geithner, who was sworn in as the new Treasury secretary late Monday.
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  • Feds Roll Out Dynamic Subprime, Alt-A Mortgage Maps

    With a little help from FirstAmerican CoreLogic and Loan Performance, officials at the New York Federal Reserve Bank said Tuesday that they’ve rolled out a set of dynamic maps and data that illustrate subprime and alt-A mortgage loan conditions across the United States.
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