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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Friday, May 24 2013 9:03 AM EDT2013-05-24 13:03:36 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 weekend following the destruction and rebuilding due to 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 weekend following the destruction and rebuilding due to superstorm Sandy.
Friday, May 24 2013 6:29 AM EDT2013-05-24 10:29:05 GMT
AP photo
Actress Amanda Bynes was arrested Thursday for allegedly smoking marijuana in the lobby of her Midtown Manhattan building and throwing a marijuana bong out of a window, said police.
Actress Amanda Bynes was arrested Thursday for allegedly smoking marijuana in the lobby of her Midtown Manhattan building and throwing a marijuana bong out of a window, said police.
Thursday, May 23 2013 10:04 PM EDT2013-05-24 02:04:45 GMT
Former Rep. Anthony Weiner launched his campaign for mayor of New York City this week, but his website seems to indicate he is running for office in Pittsburgh. The stylized and colorized image used in
Former Rep. Anthony Weiner launched his campaign for mayor of New York City this week, but his website seems to indicate he is running for office in Pittsburgh. The stylized and colorized image used in
Thursday, May 23 2013 8:50 PM EDT2013-05-24 00:50:04 GMT
Heavy downpours sparked flash flooding across the tristate area on Thursday. The National Weather Service issued numerous weather alerts for many counties in New York, New Jersey, and Connecticut.
Heavy downpours sparked flash flooding across the tristate area on Thursday. The National Weather Service issued numerous weather alerts for many counties in New York, New Jersey, and Connecticut.
Thursday, May 23 2013 1:43 PM EDT2013-05-23 17:43:15 GMT
Kerry Kennedy has joined farmworkers protesting outside Wendy's shareholder meeting in Manhattan.
Kerry Kennedy has joined farmworkers protesting outside Wendy's shareholder meeting in Manhattan. The protesters said Thursday they want Wendy's to sign an agreement to safeguard working conditions for Florida tomato pickers.
Thursday, May 23 2013 9:07 AM EDT2013-05-23 13:07:03 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 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.
