NPR

Head Of Federal Reserve's Richmond Bank Resigns Over 'Improper Disclosure'

Jeffrey Lacker was under investigation for possibly disclosing confidential information to a Wall Street analyst in 2012. The bank president now says he regrets the role he "may have played."

The president of the Federal Reserve Bank of Richmond has resigned after being investigated for potentially disclosing confidential information to a Wall Street analyst in 2012.

Jeffrey Lacker, who has led the bank in Virginia for more than a decade, did not admit to directly

You’re reading a preview, subscribe to read more.

More from NPR

NPR5 min readIndustries
China Makes Cheap Electric Vehicles. Why Can't American Shoppers Buy Them?
American drivers want cheap EVs. Chinese automakers are building them. But you can't buy them in the U.S., thanks to tariffs in the name of U.S. jobs and national security. Two car shoppers weigh in.
NPR2 min readInternational Relations
Netanyahu's Cabinet Votes To Close Al Jazeera Offices In Israel
Israeli Prime Minister Benjamin Netanyahu said on Sunday that his government has voted unanimously to shut down the local offices of Qatar-owned broadcaster Al Jazeera.
NPR7 min read
Unions Double-down In The Deep South: Can Alabama Pave The Way?
Three high-profile labor disputes have unfolded in central Alabama over the past several years, with Amazon warehouse workers, coal miners and autoworkers all speaking out for change.

Related Books & Audiobooks