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The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
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The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
NEW YORK—The Federal Reserve Bank of New York approved the application by Provident New York Bancorp, Inc., Montebello, New York (Provident), to become a bank holding company upon the acquisition and merger of Sterling Bancorp, New York, New York, with and into Provident, and thereby indirectly acquiring its subsidiary bank, Sterling National Bank, New York, New York.
The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.
