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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: Federal Reserve Bank of New York

Federal Reserve Bank of New York stories: 10 news summaries

(Newser) - Exactly what killed 21 polo horses in Florida is not known, but details of their enigmatic owner are emerging in spades. Victor Vargas has succeeded at the tricky proposition of banking in Hugo Chavez’s Venezuela, and tried the US market—with less-than-stellar results. In 1993, he had to settle... More »

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sports • Venezuela • horse • Hugo Chávez • banking • medication • Federal Reserve Bank of New York • polo • US Open Polo Championship • Victor Vargas

investigation

At NY Fed, Geithner Saw Risk, Didn't Act

Legacy of missing red flags trails onetime regulator to Treasury

Apr 3, 09 10:35 AM CDT
(Newser) - Timothy Geithner spent a lot of time thinking about the derivatives trade as president of the New York Federal Reserve—in 2005 he convinced banks to digitize the market, making it far more efficient. But he never convinced them to scale back risk and never exercised his powers to force... More »

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Federal Reserve • Treasury Department • Federal Reserve Bank of New York • bank regulation • Timothy Geithner • regulator

ANALYSIS

Geithner Swinging in Wind After Fed Drops AIG Ball

Treasury says Fed kept them in dark, despite sec's previous role

Mar 19, 09 8:35 AM CDT
(Newser) - Officials at the Fed knew about AIG's plan to award $165 million in bonuses for months but failed to tell the Obama administration, reports the Washington Post. Treasury Secretary Tim Geithner said this week he was "stunned when I learned how bad this was"—belatedly on March 10—... More »

MORE ABOUT:
Barack Obama • executive compensation • Federal Reserve • AIG • Federal Reserve Bank of New York • Timothy Geithner • Paul Kanjorski

ANALYSIS

Wall Streeters Question Geithner's
Role in Crisis

Treasury pick has been at the table all along

Nov 25, 08 8:51 AM CST
(Newser) - Markets surged yesterday when Barack Obama announced that Timothy Geithner would become treasury secretary as part of an all-star economic team. But Wall Street actually harbors some skepticism about Geithner, writes Andrew Sorkin in the New York Times. As chair of the New York Fed, Geithner was the point man... More »

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Lehman Brothers • AIG • Treasury Department • Federal Reserve Bank of New York • Treasury secretary • President Obama • Timothy Geithner

(Newser) - These days, $85 billion just doesn't go as far as it used to. The Federal Reserve said today it will provide AIG with an additional $37.8 billion to help the beleaguered insurance giant out of its liquidity mess, Bloomberg reports. The money is on top of the massive loan... More »

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Federal Reserve • AIG • Federal Reserve Bank of New York • bailout • financial crisis

 Fed Holds Crisis Talks on Lehman With Top Bank Execs

Wall St. bigwigs in 'game of chicken' with government officials

Sep 13, 08 6:39 AM CDT
(Newser) - The New York Fed called an emergency meeting of Wall Street heavyweights last night to try to avert a collapse of Lehman Brothers, the Wall Street Journal reports. Top execs of all the big financial firms were urged by NY Fed Chief Timothy Geithner to work together to save the... More »

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Wall Street • Bank of America • Henry Paulson • Lehman Brothers • financial institutions • Federal Reserve Bank of New York • financial crisis

 Paulson Seeks
 Expanded
 Fed Powers 

Treasury secretary says Fed role needs to be revised, upgraded to respond to risk

Jun 19, 08 6:39 AM CDT
(Newser) - Treasury Secretary Henry Paulson today will urge Congress to broaden the Federal Reserve’s oversight role on Wall Street, giving it the authority to demand data from financial institutions to help prevent incidents like the Bear Stearns collapse. Any major change in regulatory authority would have to be approved by... More »

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Ben Bernanke • Federal Reserve • Henry Paulson • Bear Stearns • oversight • Federal Reserve Bank of New York

MARKETS

 Bear Bailout Invites the Bears 

Financial sell-off follows Fed's move, sends markets plummeting

Mar 14, 08 3:40 PM CDT
(Newser) - News of the Bear Stearns bailout triggered a sell-off today as investors were reminded that the true depth and breadth of current credit problems remains uncertain, the Wall Street Journal reports. Bear Stearns stock closed at 30, down a breathtaking 47.4% on the day. The Dow fell 194.65... More »

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Citigroup • Bank of America • Federal Reserve • Dow Jones • Bear Stearns • American Express • Nasdaq • AIG • Countrywide Financial • S&P 500 • Federal Reserve Bank of New York • financial crisis

 JP Morgan, Feds
  Bail Out Bear Stearns 

The investment bank's liquidity crisis forces it to ask for emergency help

Mar 14, 08 9:25 AM CDT
(Newser) - Bear Sterns has reached out to rival JP Morgan Chase and the Federal Reserve Bank of New York for emergency funding to reassure investors concerned about the struggling investment bank's deteriorating liquidity, the Wall Street Journal reports. The move is a startling indicator of how hard the subprime virus has... More »

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Wall Street • Bear Stearns • liquidity • subprime crisis • Federal Reserve Bank of New York • Alan Schwartz • JPMorgan Chase

MARKETS

Stocks Mixed on Bad Tidings

Dow, Nasdaq dip slightly amid more recession fears; S&P ticks up

Feb 15, 08 3:55 PM CST
(Newser) - The markets ended a blustery week today with a session of light losses and minor gains on bad economic news from retail and manufacturing, MarketWatch reports. The Dow fell 28.77 to 12,348.21, and the Nasdaq fell 10.74 to 2,321.80. The S&P 500 capitalized... More »

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Dow Jones • stocks • Nasdaq • Best Buy • S&P 500 • Federal Reserve Bank of New York • manufacturing index

10 Stories


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