Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: Wall Street

Average Wall Street bonus rises slightly to $138,210

Securities industry profitability rose by 21 percent last year and the average bonus paid to securities industry  employees increased by 1 percent, to $138,210, according to New York State Comptroller Thomas P. DiNapoli. “Wall Street profits bounced back strongly in 2016. ...

Read More »

9 charged with making $100M using hacked press releases

1-hacking-12-FEAT

  NEWARK, N.J. — An international web of hackers and traders was charged by U.S. authorities Tuesday with making $100 million by breaking into the computers of business newswire services, reading corporate press releases before they came out, and then ...

Read More »

Obama proposal sets up Wall St. fight

WASHINGTON — Tapping the anxieties of aging baby boomers, President Barack Obama on Monday called for tougher standards on brokers who manage retirement savings accounts, a change that could affect the investment advice received by many Americans and aggravate tensions ...

Read More »

Houses passes bill easing Wall St. rules

WASHINGTON (AP) — The House passed a bill Wednesday to ease the landmark law reining in banks and Wall Street, advancing a key Republican priority more than six years after a financial crisis brought on the Great Recession. The vote ...

Read More »

Obama talks Wall Street rules with regulators

WASHINGTON— President Barack Obama met Monday with top financial regulators at the White House to discuss progress implementing Wall Street rules, a year after warning that bank overseers needed to display more urgency about limiting risky practices in the financial ...

Read More »

Comptroller: Wall Street profits may slow

ALBANY — Though Wall Street recorded $10.1 billion in profits for the first half of 2013, New York’s comptroller said Tuesday that federal budget dithering, higher interest rates and litigation may slow earnings for the last half in a securities ...

Read More »

White pledges ‘unrelenting’ enforcement at SEC

WASHINGTON — Mary Jo White vowed Tuesday to make “bold and unrelenting” enforcement of Wall Street a high priority if she is confirmed chairman of the Securities and Exchange Commission. White, a former federal prosecutor, says investors need to know ...

Read More »

Wall Street’s ride compounds states’ pension fears

ALBANY — Wall Street's volatility has hit state pension funds just as they were beginning to recover from the recession, turning what was merely a troubled forecast into a potentially stormy future for taxpayers who are on the hook for billions in unfunded liabilities for government retirees.

Read More »