Deutsche Bank, UBS, and Credit Suisse have regulators asking questions about who they allow to trade in their private stock exchanges. These so-called "dark pools" have grown rapidly in recent years as slower moving institutional investors seek protection from predatory flash traders.
More than a dozen Long Island businesses have signed a pledge to hire more veterans. The New York Mets, the utility company National Grid and the medical supply company Henry Schein are some of those business.
New York banking regulators are expected to release new rules this week governing Bitcoins and other virtual currencies.
Many think virtual currencies--sometimes called crypto-currencies--will soon revolutionize financial services, but until now they have been largely unregulated.
New York State is about step into this regulatory void. Within days, the Department of Financial Services will issue far-reaching rules focusing on three things: consumer protection, cyber security, and anti-money laundry rules.
Penn Station at rush hour is a din of train roars and the constant barking of a metallic PA system. A wall of commuters watch the boards to see what track their train comes in on. Once the train is called there is a mad rush down the stairs to find a seat.
In past strikes all 300,000 of these commuters would crowd the highways and bridges into Manhattan. Either that or risk losing their jobs. But there is a big difference between the last strike in 1994 and this week.
“Today we have laptops. So I'm working from home for the whole strike.”