Weather New York, NY +69°F

William Dudley

Vice President Biden And NY Gov. Andrew Cuomo Deliver Remarks On Economy

Bangladesh Bank Mulls For Lawsuit Against New York Fed

The Federal Reserve Bank of New York has denied any responsibility over the $81 million cyber heist from the current account of Bangladesh Bank. But a BB audit report observes NY Fed responsible since it implemented five payments instructions out of thirty five leaving many questions behind. Following the internal report BB is getting prepared to file lawsuit against Fed.

Read Full Article

Wall Street ends higher as weak data reduces rate hike worries

U.S. stocks rose on Monday as expectations the Federal Reserve could hold off longer on raising interest rates offset concerns over Friday's surprisingly weak jobs report.

Read Full Article
William Dudley

Banks should defer bonuses 10 years, tap them for fines: Fed official

Banks should defer bonus payments for 10 years and tap the bonus pool to pay any regulatory fines, a top Federal Reserve official said on Monday, taking aim at continued lapses across the industry even after the 2007-9 financial crisis.

Read Full Article
China's Manufacturing Sector

Asia braces for the worst from China factory survey

Asian shares slipped on Tuesday as a periodic bout of angst over China combined with the U.S. dollar's recent meteoric run to pile pressure on commodity prices.

Read Full Article
Federal Reserve of New York

NY Fed Reserve head defends retention of bond purchasing policy

The New York Federal Reserve Bank retains bond purchasing policy.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics