Approximately 10% of low-income and immigrant New Yorkers live in areas with basement apartments that are at high risk of flooding, according to a report released by the Federal Reserve Bank of New York. The report,”Flood Risk and Basement Housing …
The Federal Reserve Bank of New York announced it will release a nine-part blog series on the economic and financial impacts of extreme weather events in the Federal Reserve’s Second District. Starting November 8, the Liberty Street Economics series will …
Global supply chains have “returned to normal,” the Federal Reserve Bank of New York said on Monday, with pressures dropping to the lowest since before the COVID-19 pandemic threw a wrench into procurement networks worldwide and created shortages for everything …
The Federal Reserve Bank of New York poured billions of dollars into rescuing American International Group Inc. in September 2008 without drawing up documents that would cement the government’s control of the giant insurer, the bank’s lawyer testified. AIG’s dire …
A federal judge on Wednesday dismissed a lawsuit against the Federal Reserve Bank of New York by a former bank examiner who claimed the Fed fired her after she refused to change certain findings about Goldman Sachs Group Inc. U.S. …
When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy’s effect on small businesses, he began nodding in agreement. “They got those numbers right,” the …
American International Group Inc. has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer retained the right after its 2008 taxpayer-funded bailout to sue over losses on residential mortgage-backed securities. In a May …
The Federal Reserve Bank of New York won the dismissal of former American International Group Inc. Chief Executive Maurice “Hank” Greenberg’s $25 billion lawsuit accusing it of unlawfully bailing out the insurer during the 2008 financial crisis. The decision issued …
The Federal Reserve Bank of New York brought to a close another chapter in the government’s taxpayer-funded bailouts of 2008 with the sale of its remaining assets of insurer American International Group, the bank said on Thursday. The New York …
The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of American International Group Inc. The sale to a unit of Credit Suisse Group AG means the U.S. government …
