New York Federal Reserve News

Wall Street May Create UK-Like Registry of Misbehaving Bankers, Traders

Bankers’ misdeeds would be cataloged, by name, on a private registry for hiring managers under a proposal that’s gaining traction as Wall Street firms struggle to restore reputations damaged by the financial crisis and the Libor and foreign-exchange scandals. When …

AIG Bailout Trial Probes Role of Ex-CEO Liddy

Former American International Group Inc. Chief Executive Officer Edward Liddy will face a key question on the witness stand in a trial over claims shareholders were cheated of at least $25 billion in the insurer’s bailout: was he or the …

Trial Over Greenberg’s Challenge to AIG Bailout to Get Underway

One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government’s rescue of American International Group Inc was, in fact, legal. …