Federal Reserve Bank of New York

• AIG and Fed at Odds over Bank Suits and Worthless Mortgages

  By Arthur D. Postal  |  January 17, 2013

  The new development is spelled out in a lawsuit AIG filed Friday in the New York State Supreme Court in Manhattan.

• 

  Texans Ex-CEO David Addison Sued by NCUA

  By Heather Anderson  |  January 9, 2013

  The NCUA filed suit late last month against David Addison, former CEO of Texans Credit Union, accusing him of breach of fiduciary duty and gross negligence that led to the $1.4 billion credit union’s April 2011 conservatorship.

• Former Texans CEO Addison Has Ties to CUSO Stake

  By Heather Anderson  |  December 28, 2012

  CNBS LLC says David Addison is one of several partners in holding company that bought 51% stake.

• Callahan Reports Slight Student Lending Uptick in 2012

  By Natasha Chilingerian  |  December 12, 2012

  Private student loan asset quality at credit unions higher than federal loans, Callahan analyst says.

• Geithner Deserves Blame for LIBOR Losses, Senators Say

  By Heather Anderson  |  October 3, 2012

  Sens. Chuck Grassley of Iowa and Mark Kirk of Illinois take Treasury secretary to task over non-action in LIBOR manipulation scandal.

• Bank-Credit Union Dialogue on Fed Panels Lauded

  By Jim Rubenstein  |  May 22, 2012

  National Federal Reserve panel chair praises CDIAC record in shedding light on charter differences and addressing regulatory barriers.

• 

  Student Lending Engenders No Bank-CU Battle

  By Natasha Chilingerian  |  April 15, 2012

  Credit unions and community banks have traditionally stood as direct competitors, vying for the attention of similar types of consumers. But in the private student lending market, a fierce face-off between the two is not expected, several experts say.

• Businesses’ Recession Woes Linked by Fed to Poor Sales

  By Michelle A. Samaad  |  July 31, 2011

  The Federal Reserve Bank of New York is not convinced that a lack of credit access primarily contributed to the woes of small businesses since the 2007-2009 recession.

• Fed: Poor Sales, Uncertainty Behind Small Firms’ Woes

  By Michelle A. Samaad  |  July 21, 2011

  New York Fed releases article cites data showing small firms suffered proportionately larger job losses.

• Southeast Corp Reveals Business and Capital Plans

  By Jim Rubenstein  |  March 30, 2011

  The $4 billion Southeast Corporate Federal Credit Union joined a number of its peer corporates last week in laying out its final business and capital plans to be submitted to the NCUA in time for the March 31 deadline.