As everyone rushes to conclude that America's financial-regulatory regime is completely broken, the FT has to say (registration required) about hedge funds whose UK-based assets -- estimated at $65 billion dollars -- were frozen in the Lehma Read More
The Securities Industry and Financial Markets Association released its c of Wall Street's second-quarter results today. It found that for the quarter, which ended in June, US-based broker-dealers eked out a pre-tax profit of $4.8 billion, after three Read More
City Comptroller Bill Thompson came out with some deteriorating financial and fiscal estimates today. Read More
Japanese financial-services group Nomura, in its late September purchase of bankrupt Lehman Brothers' European and Asian divisions, is one institution willing to invest new money in the future of high global finance. So how does one key Nomura figure Read More
JPMorgan Chase CEO Jamie Dimon today: "New York tries to tax everything we do around the world. If you have a choice where you put a job, it will not be here. That’s a terrible thing to say." [courtesy ] Read More
The Times has a piece today exploring whether an increase in crime will inevitably follow an economic contraction in New York. The is worth a read, but the best comments are from Ray Kelly, the NYPD's current commissioner, and Bill Bratton, Read More
Mayor Bloomberg said in 2003 that "if New York City is a business, it isn't Wal-Mart. It isn't trying to be the lowest-priced product in the market. It's a high-end product, maybe even a luxury product." If so, then the don't bode well for consu Read More
The stock market is in the process of recovering roughly half of yesterday's losses based on investor hope that the financial bailout bill will be revived in Congress. But Nicole's in today's Post argues that the bailout, whenever it's passed, "co Read More