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NEW YORK Federal Reserve Bank of New York general counsel Thomas C. Baxter Jr. criticized the financial services industry's ethics and culture on Friday, faulting bankers for valuing profits over relationships.
November 22 -
New York Fed President William Dudley is suggesting that regulators could force banks to withhold a big chunk of executives' annual pay and then use that money to fill holes in capital when trouble hits.
November 8 -
Citigroup hires longtime marketing exec as chief brand officer; BB&T offers two contestants a "shot" to win $1 million; and more.
March 17
William Dudley, head of the Federal Reserve Bank of New York, has
Dudley has served as the club's vice chairman since 2012. He
"This organization provides an important forum for discussion of some of the most challenging economic and social issues facing business and political leaders today," Dudley said in a press release Monday.
Dudley joined the New York Fed in 2007 as an executive vice president in its markets group and became president and CEO in January 2009. Previously he served as a partner and the chief economist at Goldman Sachs (GS).
The club's trustees elected three vice chairs: Terry Lundgren, the CEO of Macy's; Abby Joseph Cohen, the president of the Global Markets Institute at Goldman Sachs; and Ruth Porat, the chief financial officer at Morgan Stanley (MS).
The Economic Club of New York's members are business executives. It was established in 1907 to promote "serious discussions of economic, social and other public issues in a nonpartisan forum," according to its website.
The club is known as a platform for major economic policy addresses. Speakers
