ALBANY, N.Y. (AP) - New York's state comptroller says Wall Street cash bonuses for 2012 are expected to rise 8% to $20 billion, partly driven by deferred payments from prior years.
Comptroller Thomas DiNapoli (dee-NAP'-oh-lee) says his analysis shows the securities industry is still restructuring since the 2008 financial crisis, with almost 20,000 - or 10% - fewer jobs in New York City.
He says to expect continued downsizing.
DiNapoli says profits for broker/dealer operations of some 200 New York Stock Exchange members - the traditional measure of profitability for the securities industry - totaled nearly $24 billion last year, triple their 2011 earnings.
According to DiNapoli's report, other activities of the large bank holding companies were less profitable last year.
The average salary, including bonuses, rose slightly to almost $362,900 in 2011.
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Wednesday, May 22 2013 9:46 PM EDT2013-05-23 01:46:23 GMT
The New York City Police Department says it is beefing up security at the British consulate, military recruiting stations and other locations due to an apparent terror attack in London.
The New York City Police Department says it is beefing up security at the British consulate, military recruiting stations and other locations due to an apparent terror attack in London.
Wednesday, May 22 2013 12:27 PM EDT2013-05-22 16:27:26 GMT
Black and Hispanic men are more likely to be stopped in the Bronx and Brooklyn than other boroughs, according to an analysis of police street stop data released Wednesday by the New York Civil Liberties Union.
Black and Hispanic men are more likely to be stopped in the Bronx and Brooklyn than other boroughs, according to an analysis of police street stop data released Wednesday by the New York Civil Liberties Union.
Wednesday, May 22 2013 12:10 PM EDT2013-05-22 16:10:42 GMT
The NYPD arrested a suspect in the latest anti-gay attack in the city, said police.
The NYPD arrested a suspect in the latest anti-gay attack in the city, said police. The incident Monday night involved two men, who police say, had met at the Bowery Mission and went out drinking together in the East Village. Roman Gornell, 39, was arrested on Wednesday.
Wednesday, May 22 2013 8:23 AM EDT2013-05-22 12:23:21 GMT
Ex-congressman Anthony Weiner whose career imploded after raunchy tweets said in a YouTube video announcement that he's in the New York City mayoral race.
Ex-congressman Anthony Weiner whose career imploded after raunchy tweets said in a YouTube video announcement that he's in the New York City mayoral race. A poll released Wednesday placed Weiner in second place behind City Council Speaker Christine Quinn in a Democratic primary.
Tuesday, May 21 2013 9:51 PM EDT2013-05-22 01:51:10 GMT
Just a few days after Mark Carson, 32, was killed for being gay, and only a few hours after a massive rally in the west village calling for an end to the anti-gay violence, it happened again.
Just a few days after Mark Carson, 32, was killed for being gay, and only a few hours after a massive rally in the west village calling for an end to the anti-gay violence, it happened again.
Tuesday, May 21 2013 5:33 PM EDT2013-05-21 21:33:52 GMT
For 35 years, Hubbard Street Dance Chicago has been bringing its brand of contemporary dance to audiences around the world. One of the company's frequent stops is the Joyce Theater in Chelsea where it
For 35 years, Hubbard Street Dance Chicago has been bringing its brand of contemporary dance to audiences around the world. One of the company's frequent stops is the Joyce Theater in Chelsea where it
Tuesday, May 21 2013 1:15 PM EDT2013-05-21 17:15:24 GMT
An NYPD detective is accused of hacking into department computers and obtaining information about dozens of people including co-workers. Edwin Vargas was arrested Tuesday outside his home in Bronxville.
An NYPD detective is accused of hacking into department computers and obtaining information about dozens of people including co-workers.
