He was chairman of the New York Stock Exchange and rose to lead the venerable securities firm Kidder, Peabody, but stepped down after it was caught up in a 1980s insider-trading scandal. Source: New York Times
Posts published in “Banking and Financial Institutions”
‘Redlining Is Racist’: $12 Million Settlement Ends Lending Inquiry
By Gotham Rex on September 28, 2022
Lakeland Bank in New Jersey admitted no wrongdoing, but agreed to set up a $12 million homeownership fund and open two new branches in minority neighborhoods. Source: New York Times
E. Gerald Corrigan, Who Helped Ease ’87 Stock Crash, Dies at 80
By Gotham Rex on May 25, 2022
As president of the Federal Reserve Bank of New York, he favored flooding the financial system with cash to restore confidence among investors. Source: New York Times
George D. Gould, a Pillar in N.Y.’s Fiscal Rescue, Dies at 94
By Gotham Rex on May 4, 2022
As a Republican Wall Street financier recruited by Mayor Beame, he helped make the city’s effort to restore stability more credible. Source: New York Times
U.S. government to jury in 1MDB trial: Convict even if you don’t believe our star witness.
By Gotham Rex on April 4, 2022
The defense said the only evidence of involvement by Roger Ng, who is accused of receiving illegal kickbacks, was the testimony of the Tim Leissner, a former Goldman partner who admitted on the stand to lying a lot. Source: New…
Why Wall Street Is Suddenly Bullish on Work-Life Balance
By Gotham Rex on February 4, 2022
Even huge bonuses can’t offset plunging morale at investment banks and the rush to escape a “toxic” work culture. Source: New York Times
N.Y. Taxi Drivers Will Receive Millions in Aid After Hunger Strike
By Gotham Rex on November 3, 2021
The announcement was a victory for drivers who stopped eating to protest an earlier bailout plan they said did not go far enough. Source: New York Times
Eugene Webb, Leading Harlem Real Estate Broker, Dies at 102
By Gotham Rex on May 14, 2021
Raised in Alabama, he made his fortune in New York and became a banker, civic leader and developer. Source: New York Times
Returning to the Office Sparks Anxiety and Dread for Some
By Gotham Rex on April 2, 2021
After a year of working remotely, some employees are not keen to go back to the office, and, so far, employers are being receptive to their concerns. Source: New York Times
Bernadette Bartels Murphy, Pioneering Wall Street Trader, Dies at 86
By Gotham Rex on March 25, 2021
Starting out as a secretary, she became a sought-after financial adviser in a male world and found a national platform for her views on public television. Source: New York Times
Manhattan D.A. Intensifies Investigation of Trump
By Gotham Rex on December 11, 2020
Prosecutors have recently interviewed employees of President Trump’s lender and insurance brokerage, in the latest indication that he still faces the potential threat of criminal charges once he leaves office. Source: New York Times
They Were Worried About Finances. This Is How They Got Help.
By Gotham Rex on November 26, 2020
“I have never seen this much anxiety and fear about money,” one financial counselor said. Source: New York Times
Turkish Bank Case Showed Erdogan’s Influence With Trump
By Gotham Rex on October 29, 2020
New details of the Justice Department’s handling of the accusations against Halkbank reveal how Turkey’s leader pressured the president, prompting concern from top White House aides. Source: New York Times
Eric Trump Testimony Is Sought by N.Y. A.G. in Investigation of Trump Finances
By Gotham Rex on August 24, 2020
The Trump Organization has stalled a state inquiry into the financing of four properties for months, Attorney General Letitia James said in court papers. Source: New York Times
Hugh Freyer, Poker Player With Discretion of a Banker, Dies at 86
By Gotham Rex on July 31, 2020
A son of immigrants, he became a private banker in New York and was also devoted to helping recovering alcoholics. He died of the novel coronavirus. Source: New York Times