New York City news from FierceFinance

Not too long ago, London was quite sure it had muscled out New York City (New York City news) for the title of the world's financial capital. The city had reason to crow, IPOs (IPO news) seemed to be... Read more...

In the end, the financial crisis and recession in New York City just wasn't that bad. That's a somewhat surprising conclusion from the New York Times, given the headlines we've become accustomed to... Read more...

It's been a long time since New York City has been through anything like this. Not since the 1970s, when the city nearly went bankrupt, has it been in this much municipal pain. Reuters notes one... Read more...

Even before the credit crunch hit, people were talking about New York City losing its cachet as the world's financial center. The credit crunch has done nothing to change the tone of the talk. If... Read more...

It's hard to think of Goldman Sachs and Morgan Stanley as deposit takers. But they have become just that. Goldman Sachs has plans to expand its Utah-based bank for private clients. It has also... Read more...

Summer proved to be a cruel season on Wall Street. The bloodletting was fierce. But as Breakingviews notes, the picture could get even worse come fall. Historically, job cuts have been mild in the... Read more...

Recall that in March, New York City's budget office predicted that 20,000 jobs would be lost in the financial services sector. It now says that total job losses will run to 33,300 jobs, notes... Read more...