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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Sunday, May 26 2013 12:00 AM EDT2013-05-26 04:00:59 GMT
While some business may be have been dismal at the beaches, a lot of people who needed to venture out and keep busy Saturday found things to do – and stay dry.
While some business may be have been dismal at the beaches, a lot of people who needed to venture out and keep busy Saturday found things to do – and stay dry.
Saturday, May 25 2013 9:26 PM EDT2013-05-26 01:26:30 GMT
New Yorkers know that finding street parking is not easy. Drivers can circle for a minute or even an hour – and even then you still may not find that parking spot.
New Yorkers know that finding street parking is not easy. Drivers can circle for a minute or even an hour – and even then you still may not find that parking spot.
Saturday, May 25 2013 8:47 PM EDT2013-05-26 00:47:11 GMT
Internal Affairs officers on Saturday were looking into allegations made by actress Amanda Bynes that NYPD officers sexually assaulted her when she was charged with heaving a marijuana bong out the window
Internal Affairs officers on Saturday were looking into allegations made by actress Amanda Bynes that NYPD officers sexually assaulted her when she was charged with heaving a marijuana bong out the window
Saturday, May 25 2013 6:52 PM EDT2013-05-25 22:52:40 GMT
It once was an accepted tactic as old as policing itself and, according to the NYPD, a key to the city's dramatic drop in crime: patrol officers stopping young men on the street to see if they're up to no good.
It once was an accepted tactic as old as policing itself and, according to the NYPD, a key to the city's dramatic drop in crime: patrol officers stopping young men on the street to see if they're up to no good.
Friday, May 24 2013 10:44 PM EDT2013-05-25 02:44:03 GMT
The unofficial start of summer is being met with not-so-perfect beach weather. Many beach communities had been hoping for good weather this Memorial Day weekend following the destruction caused by Superstorm Sandy.
The unofficial start of summer is being met with not-so-perfect beach weather. Many beach communities had been hoping for good weather this Memorial Day weekend following the destruction caused by superstorm Sandy. The Fox 5 weather team is calling for sunny skies on Sunday and Monday.
Friday, May 24 2013 9:34 PM EDT2013-05-25 01:34:31 GMT
Actress Amanda Bynes was arrested by New York City police after investigating a report of her allegedly smoking marijuana in the lobby of her Midtown Manhattan building.
Actress Amanda Bynes was arrested by New York City police after investigating a report of her allegedly smoking marijuana in the lobby of her Midtown Manhattan building.
Friday, May 24 2013 9:15 PM EDT2013-05-25 01:15:35 GMT
When workers installed one of the much-heralded bike-sharing stations on West 22nd Street near 10th Avenue, they put it right in front of the brownstones.
When workers installed one of the much-heralded bike-sharing stations on West 22nd Street near 10th Avenue, they put it right in front of the brownstones, impacting the entrances for homeowners and tenants.
Friday, May 24 2013 6:09 PM EDT2013-05-24 22:09:59 GMT
New York State has 17,000 highway bridges. There are some bad ones. The Tappan Zee Bridge, for example, is set to be replaced because of aging infrastructure.
New York State has 17,000 highway bridges. There are some bad ones. The Tappan Zee Bridge, for example, is set to be replaced because of aging infrastructure.
Friday, May 24 2013 5:33 PM EDT2013-05-24 21:33:47 GMT
New Jersey Transit bus riders will soon have a new way to get across the Hudson River: by boat. The agency is partnering with New York Waterways, which will provide ferry service to customers. The
New Jersey Transit bus riders will soon have a new way to get across the Hudson River: by boat. The agency is partnering with New York Waterways, which will provide ferry service to customers. The
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