In New York City, partners at top corporate law firms are maxing out on donations to congressmen that hold sway over federal court appointments and judiciary hearings. New York lawyers are the top contributors to Brooklyn Congressman Hakeem Jeffries, doling out just under $128,000 for the House Judiciary Committee member’s […]
New York City is hemorrhaging jobs in the financial sector and JP Morgan Chase may soon have more employees in Texas than New York, said Glenn Coleman at the Crain’s Future of New York Conference this Thursday. He wanted to know what Alicia Glen, the city’s Deputy Mayor of Housing […]
Greg Golkin went to work on Wall Street straight out of Wharton in 2006. A sharp-as-a-tack Upper East Side native, Golkin, 30, knew that if he worked hard, success and wealth were his for the taking. But after tours at investment firms and hedge funds, he jumped ship to the […]
Everyone from the mayor to business leaders to real estate brokers is betting on tech as the next engine of the city’s economy. But business school students aren’t. They remain committed to finance, though now they want to work for hedge funds and private equity rather than the big-name banks. […]
As city real estate prices soar, Wall Street’s woes are behind one overlooked aspect of the rental rise: uncertain young bankers renting apartments rather than buying. Finance workers have long driven the real estate market in New York. Before the financial crisis, that took the form of big condo and […]
As regulators continue to churn out Dodd-Frank rules four years afterits passage, Wall Street banks continue to tack on thousands of compliancestaff and spend billions to restructure.JP Morgan CEO Jamie Dimon told employees that the bank had hired 4,000employees for compliance since 2012. Citibank said in July they willhave 30,000 […]