Topic - federal reserve bank of new york

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  • Student loan debt increased by $31 billion in first quarter

    It’s the time of year to celebrate the accomplishments of those students who have finished their studies and are graduating. Great job. Now, it’s also time to start paying back all those student loans taken out to fund a college education.

  • Households adding debt at fastest rate since 2007

    Although delinquency rates have trended down for most household debt categories over the past several years, student loan delinquencies are on the rise.

  • Illustration: Federal Reserve by Alexander Hunter for The Washington Times

    GHEI: Put the spotlight on the Fed

    It's time for a serious housecleaning at the Fed. A recent audit by the General Accountability Office found a lack of transparency at the Federal Reserve. That's putting it mildly. There's no excuse for the shady dealings at the central bank - reform is long overdue.

  • AIG takes step to pay off bailout

    Bailed-out insurance conglomerate American International Group Inc. is taking a key step toward paying off a bailout that was at one point worth $182 billion — the largest of the financial crisis.

  • An American International Group office building is pictured in New York in 2008. (Associated Press)

    AIG reaches deal to repay government

    AIG said Thursday it reached a deal to repay the government billions of dollars in assistance it received during the credit crisis.

  • Wall Street extends retreat

    NEW YORK (AP) — Wall Street plunged again today, extending an almost relentless downward spiral after problems at Countrywide Financial Corp. confirmed investors' fears that credit problems are spreading. The market shrugged off the Federal Reserve's injection of $17 billion into the banking system, and the Dow Jones Industrial Average fell more than 300 points.

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