Tag:
New York City
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Latest Headlines
Should Barclays to move to New York?
Will big British banks move to the United States? Not too long ago, people were debating whether London had displaced New York City as the financial capital of the world. The talk centered on the lackluster IPO market in the United States, compared with the then-thriving AIM market in London.
Goldman Sachs runs afoul of residents over retail outlets
The media is certainly hot and heavy for Goldman Sachs ( GS ) scoops. We noted recently the New York Times reported Goldman had Battery Park residents angry over the loud ferries it had been using. Now comes news from the Daily Telegraph that the gilded bank has also offended some people
Hiring on Wall Street soars
We've been suggesting for a while now that hiring on Wall Street was gathering momentum, raising hopes that the good 'ole days were almost back. Bloomberg reports that hiring activity is indeed heating up at several big companies.
New York City boasted 429,000 financial jobs as of the end
Shanghai, financial center of the future?
There's been some discussion of the rise of London as a financial center. Some are convinced it is supplanting New York City as the money hub of the world. Leaving aside that debate, which city stands a good chance of being the New York City of 2020? Goldman Sachs ( NYSE: GS ) has issued a repor
New York City, a mini Silicon Valley?
New York City is still the country's financial capital, but more people are also seeing it as something of a technology center, one that rivals Boston as the Silicon Valley of the East. These days, there are plenty of reasons to conclude that the city is living up to the hype.
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Tourism: Cashing in on Wall Street rogues
Annaline Dinkelmann, a former employee at Morgan Stanley ( NYSE: MS ), has been running an interesting business since 2006: she offers Wall Street Walks, narrated walking tours of the financial district that offers a rich dose of history, from revolutionary times right up to the current crisis.
Luxury car indicator: Wall Street prospering again
This is a solid indicator that Wall Street is back: super luxury cars are once again in vogue. Bloomberg notes that high-end brands--like Maserati, Ferrari, Rolls-Royce and Maybach--are selling again, as the stigma associated with bankers' spending conspicuously seems to be fading. Sales of ca
New York to tax Wall Street bonuses?
Faced with massive budget shortfalls, will New York state and New York City succumb to the temptation to tax Wall Street bonuses? According to Bloomberg , the state comptroller has proposed as much, going so far as to criticize the mayor and the governor for ruling out such a move. The danger o
Big hedge funds love NYC
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 shifting there, European investment banking was hot, and banks were streaming in to boost
NYC was bailed out too
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 over the last year. In the heat of the crunch, it looked a one-for-the-ages sort of collapse. Bu
