‘Not normal behavior’: De Nederlandsche Bank reallocates gold from U.S.
For six months between March and August, the Dutch central bank quietly shifted 86 tons of gold out…
How NYC brothers’ $400M summer camp empire fell apart
Brothers Michael and David Shabsels amassed a $400 million fortune, becoming known as the summer camp kings of…
Mamdani’s municipal bond mess will only get worse as mayor prioritizes anti-Israel policies over NYC’s fiscal health
New York City is in pretty great shape financially. Recent drops in the price of its bonds aren’t because of…
NYC’s municipal debt nvestors are losing patience with Zohran Mamdani
Mayor Zohran Mamdani’s luck in the municipal bond market appears to be running out, On The Money has…
Hiking water rates is another way Mamdani tosses ‘affordability’ overboard
“Affordability” is going forgotten again as Mayor Zohran Mamdani grabs some extra cash for his agenda by racking…
Marymount Manhattan Merger Adds Prime NYC Real Estate to Northeastern
Northeastern University’s takeover of New York City’s Marymount Manhattan College provided a $202.7 million windfall, bolstered by its…
Time for the grown-ups to halt Mamdani’s fiscal fantasies
I’ve spent enough time in New York City government to know that real fiscal trouble rarely begins with…
Mamdani’s tax-&-spend plans leave NYC bond investors leery
At the start of his term in January, Mayor Mamdani had the Big Apple’s lenders in his corner…
Suffolk County, Home of Hamptons, Hit With $112M Payout to Detainees
New York’s Suffolk County, home to the ultra-wealthy Hamptons and the bucolic North Fork, must pay $112 million…
NYC Mayor Eric Adams Issues Order Banning Israel Divestment
New York City Mayor Eric Adams issued a pair of executive orders aimed at addressing antisemitism, his office…
Tricolor’s Frantic End Was Sparked by a Phone Call From JPMorgan
Daniel Chu was in Italy, a world away from the sweltering Texas car lots he had built his…
Mamdani’s Free NYC Buses Complicated by Bond-Paying Pledge
New York City’s mayor-elect Zohran Mamdani’s promise to make the biggest public-bus system in the US free has…