Average Wall Street bonuses in 2007 declined 4.7 percent from record levels in the prior year to $180,420 even though the credit crunch and market turmoil battered profits, according to an estimate State Comptroller Thomas P. DiNapoli released today.
Cash bonuses paid by Wall Street firms to their New York City employees declined by 44 percent in 2008 in response to record losses suffered by the securities industry, according to an estimate released today by State Comptroller Thomas P. DiNapoli. DiNapoli noted that the federal Troubled Asset Relief Program (TARP), which infused billions of dollars into the financial system, helped prevent more institutions from failing. TARP placed restrictions on bonuses for top executives and many have voluntarily forgone bonuses, but it did not impose limitations for lower-level employees.
Wall Street bonuses paid to New York City securities industry employees rose by 17 percent to $20.3 billion in 2009, according to an estimate released today by State Comptroller Thomas P. DiNapoli. Total compensation at the largest securities firms grew even faster and industry profits could exceed an unprecedented $55 billion in 2009, nearly three times greater than the previous all-time record. In 2008, the industry lost a record $42.6 billion.
Cash bonuses paid to New York City securities industry employees declined by nearly 8 percent to $20.8 billion in 2010, about one third less than paid out in 2007 before the financial crisis, according to an estimate released today by State Comptroller Thomas P. DiNapoli.
Cash bonuses paid to New York City securities industry employees are forecast to decline by 14 percent to $19.7 billion during this year’s bonus season, according to an estimate released today by State Comptroller Thomas P. DiNapoli.
Click here to view a video of Comptroller DiNapoli discussing this year’s Wall Street bonus report
New York City's 2019 fiscal year (FY) surplus is expected to grow as the year progresses with continued strong revenue collections and the reallocation of unneeded reserves, but the city faces significant budget gaps and risks in the coming years, according to a report released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli and Attorney General Barbara D. Underwood today announced the indictments of former New York City Council candidate Albert Alvarez and former Tremont Crotona Day Care Center Executive Director Anna Mendez for seven counts of Offering a False Instrument for Filing in the First Degree, a class E felony, in New York County Supreme Court. Alvarez is also charged with one count of Grand Larceny in the Third Degree, a class D felony; Mendez was indicted for three additional counts of Offering a False Instrument for Filing in the First Degree.
The state and city agencies in charge of overseeing food services at homeless shelters in New York City were lax in inspecting them and did not check if food service workers were tested for tuberculosis (TB), according to an audit released today by New York State Comptroller Thomas P. DiNapoli.
Staten Island is setting population, business and employment records, according to a report on the borough's economy released today by New York State Comptroller Thomas P. DiNapoli.
Securities industry pretax profits totaled $13.7 billion in the first half of 2018, 11 percent higher than last year, according to a report released today by New York State Comptroller Thomas P. DiNapoli.
