New York AG Andrew Cuomo has written a to nine financial institutions inquiring whether those institutions' receipt of emergency federal money has changed those firms' expected bonus payouts for "top management" for the winter of 2008-2009. Cuomo' Read More
The city has released on the New York City residential condominium market, while analysts at the private firm Portfolio and Property Research (via and ) have released some projections for the metro-area office-building market. Taken together, the ne Read More
At a Crain's breakfast this morning, City Comptroller (and 2009 mayoral candidate) Bill Thompson acknowledged a vital truth. "Budget growth has lately been out of balance with the growth of our local economy. Had we started to tie city spending to [ Read More
As suspected and reported anecdotally, municipal-bond issuance fell off the charts in September and October. Municipal Market Advisors, in its weekly outlook today, notes that such bond issuance was 54 percent below last year's levels for September a Read More
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
The possibility of increasing the city's resident personal income tax was broached by Council Speaker Christine Quinn in her before the Citizens Budget Commission yesterday. Today's Times on the subject includes some comparisons of the Read More
City Comptroller Bill Thompson came out with some deteriorating financial and fiscal estimates today. Read More