Federal Reserve Bank


Banks told: Behave or risk being broken up

Banks must change the way employees are compensated and take other steps to fix a corporate culture that encourages misdeeds or face being broken up, said William C. Dudley, president of the Federal Reserve Bank of New York.

Geithner on AIG: 'We were moving kind of quickly'

Timothy Geithner backed away from two of his more provocative assessments of the 2008 bailout of American International Group Inc., in a day of courtroom testimony marked by careful answers and a lack of recollection about the details of the financial rescue he helped oversee.

Ex-bank examiner sues over Goldman findings

Goldman Fingered

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 lacked a firmwide conflict-of-interest policy.