ProPublica

Journalism in the Public Interest

Fed Tapes

New York Fed President Bill Dudley says senior Fed officials did not accept a conclusion that had been endorsed by frontline Fed examiners stationed at some of the nation’s largest banks. More »

Examiners are reportedly blocked from doing their job as “London Whale” trades blow up. More »

A confidential report and a fired examiner’s hidden recorder penetrate the cloistered world of Wall Street’s top regulator — and its history of deference to some of the country's biggest banks. More »

In a wrongful termination lawsuit, Carmen Segarra says she was fired by the Fed after she refused to change a finding Goldman Sachs had inadequate controls over conflicts of interest. More »

Readers have asked who is this woman who dared to challenge two of Wall Street’s most powerful institutions. We put some questions to Carmen Segarra to learn more about her background. More »

All 17 Stories (0)

  updates since last visit

What We Still Don’t Know About the Fed’s Leak Investigation

After looking for nearly six months, the Federal Reserve says it couldn’t find out who had shared confidential policy information. Critics in Congress aren’t satisfied with the account.

Fed Inspector General Reopens Leak Investigation

The move comes as Senate Finance Committee Chairman Sen. Orrin Hatch demands more information about how a private newsletter obtained confidential details of Fed discussions.

A Stress Test For The New York Fed

As congressional critics push for reform of Wall Street’s lead regulator, Fed Chairwoman Janet Yellen says more of the decisions on bank oversight have shifted to Washington, D.C.

Sen. Warren, Rep. Cummings Press Federal Reserve For Details of Leak Investigation

In a letter to the Fed, they say "public has a right to know" what happened after potentially market-moving information found its way into a private newsletter in 2012.

High-Level Fed Committee Overruled Carmen Segarra’s Finding on Goldman

New York Fed President Bill Dudley says senior Fed officials did not accept a conclusion that had been endorsed by frontline Fed examiners stationed at some of the nation's largest banks.

Top Fed Policy Group Brought Up Leak to Private Newsletter

Answering a ProPublica records request, the Federal Reserve acknowledged a leak Federal Open Market Committee information but declined to release the committee's transcripts on the matter.

Leak at Federal Reserve Revealed Confidential Bond-Buying Details

Then-Chairman Ben Bernanke ordered an internal review of the previously undisclosed leak, which found its way into a newsletter for big investors.

New York Fed Chief Stands Firm Against Charges of Weak Oversight

Bank President William Dudley said supervision is stronger than ever, but Democratic senators were unconvinced: "You need to fix it, Mr. Dudley, or we need to get someone who will."

Federal Reserve Announces Sweeping Review of Its Big Bank Oversight

Ahead of Senate hearing on regulatory capture, the Federal Reserve Board wants to look at whether the views of examiners are being heard by higher-ups.

The Carmen Segarra Tapes

Carmen Segarra secretly recorded 46 hours of audio while embedded as a bank examiner at Goldman Sachs between November 2011 and May 2012. These are some of her recordings.

Secret Tapes Hint at Turmoil in New York Fed Team Monitoring JPMorgan

Examiners are reportedly blocked from doing their job as "London Whale" trades blow up.

Senate Hearing Set on Secret Recordings at N.Y. Fed

A banking subcommittee will explore the case of fired examiner Carmen Segarra and whether the Federal Reserve Bank of New York is too soft on institutions it supervises.

Inside the New York Fed: Secret Recordings and a Culture Clash

A confidential report and a fired examiner’s hidden recorder penetrate the cloistered world of Wall Street’s top regulator -- and its history of deference to banks.

Judge Tosses Retaliation Lawsuit by Fired N.Y. Fed Examiner

Ruling: Carmen Segarra's claim that she was dismissed for not withdrawing a critical finding about Goldman Sachs is not protected by federal law.

So Who is Carmen Segarra? A Fed Whistleblower Q&A

Ex-New York Fed examiner fired after criticizing Goldman Sachs has advice for Janet Yellen: It will take tough oversight to stop the next financial crisis.

Podcast: Lawsuit Calls Into Question NY Fed’s Bank Supervision

When former NY Fed examiner Carmen Segarra uncovered problems with Goldman Sach’s conflict of interest policy, she was fired – allegedly for doing her job. ProPublica’s Jake Bernstein and Steve Engelberg discuss the wider implications.

N.Y. Fed Moves to Seal Documents in Ex-Bank Examiner’s Suit

At issue: Whether internal emails, records related to supervision of Goldman Sachs are confidential and shouldn’t have been made public as part of Carmen Segarra’s wrongful termination case.

NY Fed Fired Examiner Who Took on Goldman

Lawyer Carmen Segarra said she was pressured to change her finding that the way Goldman Sachs managed conflicts of interest was flawed.

Get Updates

Our Hottest Stories

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •