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N.Y. Fed Picks Williams as Next Chief After Controversial Search

N.Y. Fed Picks Williams as Next Chief After Controversial Search

The New York Fed named Federal Reserve Bank of San Francisco chief John Williams as its next president, touting his monetary-policy expertise despite criticism over his supervision of Wells Fargo and calls for a woman or minority candidate to fill the post.

GE Should Consider Capping Employee Pension Benefits Amid Stock Woes: Stifel

GE Should Consider Capping Employee Pension Benefits Amid Stock Woes: Stifel

This could be one of the best ways for General Electric to signal to investors that it has changed its management and accountability structure, say analysts at Stifel.

Leading N.Y. Fed Candidate John Williams Fills Policy Gap for Chairman Powell

Leading N.Y. Fed Candidate John Williams Fills Policy Gap for Chairman Powell

Federal Reserve Bank of San Francisco President John Williams, reported to be the top pick to replace the retiring head of the New York Fed, failed to stop widespread customer abuses at Wells Fargo, the public-interest group Better Markets alleges.

Equifax Picks Former GE Exec as New CEO

Equifax Picks Former GE Exec as New CEO

Equifax shares were up nearly 4%.

Reported N.Y. Fed Pick Accused of Failing in Wells Fargo Oversight

Reported N.Y. Fed Pick Accused of Failing in Wells Fargo Oversight

Federal Reserve Bank of San Francisco President John Williams, reported to be the top pick to replace the retiring head of the New York Fed, failed to stop widespread customer abuses at Wells Fargo, the public-interest group Better Markets alleges.

NYSE's Top Female Leaders: Working to Attract More Women to the Field

NYSE's Top Female Leaders: Working to Attract More Women to the Field

As part of Women's History Month, Alpha Rising sat down with the women ruling the C-Suite at the NYSE. And one of their many missions is to encourage women to come back to finance. Watch and listen in to how!

Pay Banker Bonuses in Bonds to Reduce Risk, N.Y. Fed Chief Says

Pay Banker Bonuses in Bonds to Reduce Risk, N.Y. Fed Chief Says

Bill Dudley, who as president of the Federal Reserve Bank of New York oversees big banks like JPMorgan and Citigroup, says bankers might police risk-taking by employees more aggressively if their compensation came in the form of bonds instead of stock. That way, they'd care more if their company could pay back its debts.

Pfizer CEO Ian Read Gets 61% Raise to Keep Him From Considering Retirement

Pfizer CEO Ian Read Gets 61% Raise to Keep Him From Considering Retirement

Pfizer's CEO Ian Read could make almost $28 million in the next year to keep him from retiring. Strangely enough, he may earn it given the healthcare and political environment.

JPMorgan Bondholders Just Don't Care About the Next Financial Crisis

JPMorgan Bondholders Just Don't Care About the Next Financial Crisis

A new study by researchers at the Federal Reserve Bank of New York suggests that bondholders still don't believe the government would ever let the firms collapse into bankruptcy -- after a decade of efforts by regulators to convince them otherwise. But at least one analyst who tracks big Wall Street firms' bonds says there may be an even bigger problem: Investors, pressured by the need to generate income, simply don't care whether the banks are too big to fail -- one way or the other.

Goldman Sachs Picks Solomon to Eventually Succeed Blankfein as CEO

Goldman Sachs Picks Solomon to Eventually Succeed Blankfein as CEO

Goldman Sachs Group Co-President and former CFO Harvey Schwartz will retire April 20, the company said Monday in a press release. The announcement came just days after the Wall Street Journal reported that CEO Lloyd Blankfein is preparing to step down, possibly later this year.