Neil Levin, former chairman of the Federal Home Loan Bank of New York, is missing and presumed deadin the wake of last week's terrorist attacks on the twin towers of the World Trade Center. Mr. Levin,who chaired the New York bank from 1988 to 1994, was executive director of the Port Authority of New York and NewJersey. The authority, which managed the complex, had offices in the towers. Mr. Levin, 46, had a long career infinancial services, including stints on Wall Street and Capitol Hill, where he served as legislative counsel toformer New York Sen. Alfonse D'Amato, who chaired the Senate Banking Committee. Mr. Levin also served as New Yorkbanking commissioner. The FHLB-NY, which was housed at 7 World Trade Center, lost its headquarters in the attacks,but as previously reported, all 120 of its employees were safely evacuated.
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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
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The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains
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