Category: fox-news/fox-news-travel/fox-news-vacation-destinations/fox-news-new-york-city

Real estate pain for US regional banks is piling up, investors warn

New York Community Bancorp’s exposure to commercial real estate has intensified investor scrutiny around regional banks, with some expecting more pain for those with office and multifamily property loans. Fears about the health of the smaller banks have escalated again a year after the collapse of Silicon Valley Bank in spring of 2023 triggered a regional banking crisis. NYCB’s recent earnings release which sparked a…

NYC bribery scandal includes naked Zoom call, trips to Europe and homegrown ‘hero’ in taxpayer scam

New details have emerged about some of the 70 suspects arrested in a six-state sting Tuesday, in what the federal prosecutor in Manhattan says is the largest bribery bust in Justice Department history. Of the 70 suspects, some have been in trouble before for misbehavior, including a man who made headlines in 2022 after appearing on a work Zoom call naked with a woman in…

Dozens of New York City employees arrested in bribery case that cost US taxpayers millions: prosecutors

Federal and local authorities arrested dozens of employees of New York City’s public housing agency in a series of morning raids Tuesday linked to a massive bribery and extortion plot, according to prosecutors. The raids, coordinated by Homeland Security Investigations and the city’s Department of Investigation, netted the most single-day bribery arrests in the history of the Justice Department, according to Damian Williams, the U.S….

Major US cities create innovative solutions amidst continuing housing crisis

A Charlotte motel will soon become an apartment complex.  A Rodeway Inn in Charlotte’s northern part of town is currently in the closing process with a Washington-based developer, Sage Investments LLC. The developer plans to retrofit the motel into affordable housing for the area.  MORTGAGE DEMAND RISES AGAIN EVEN AS INTEREST RATES INCREASE The group has completed similar projects, retrofitting former motels into housing. Sage…