NEW YORK — Department of Human Services Commissioner Kimberley Causey-Gomez participated in an event and panel discussion hosted by the Federal Reserve Bank of New York Thursday titled: Youth Poverty in Puerto Rico and the U.S. Virgin Islands: Updates and Policy Recommendations. The purpose of the event was to bring a variety of thought leaders […]
Tag: Federal Reserve Bank of New York
New York Fed Cracks Down on Puerto Rico, USVI Banks After Venezuela Sanctions: Lt. Gov. Roach Mum On Issue
SAN JUAN — U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico’s $50 billion offshore banking industry, according to four sources and a document seen by Reuters. The development will prevent the island’s offshore banks, several of which are owned by citizens of crisis-stricken Venezuela, from opening […]