The Magazine of Corporate Responsibility

Tag Archive for ‘Federal Reserve Bank of New York’

Secret Tapes Hint at Turmoil in New York Fed Team Monitoring JPMorgan

As the Federal Reserve Bank of New York moved to beef up its oversight of Wall Street two years ago, the team charged with supervising the nation’s largest bank, JPMorgan Chase, was in turmoil. Fed examiners embedded at JPMorgan complained about being blocked from doing their jobs. In frustration, some requested transfers.

Inside the New York Fed: Secret Recordings and a Culture Clash

A special examiner hired – and fired – by the Federal Reserve Bank of New York recorded about 46 hours of meetings and conversations with her colleagues. Many of these events document key moments leading to her firing. But they also offer an intimate study of the New York Fed’s culture at a pivotal moment in its effort to become a more forceful financial supervisor.

Geithner Book: ‘I Should Have Paid More Attention’ to Citigroup’s Woes

Former Treasury Secretary Timothy Geithner’s new book, “Stress Test,” discusses the financial crisis of 2007-8 and Geithner’s supervision of the banking giant Citigroup.