|
|
Article: NEW YORK: Wall Street Woes Outdo the Mortgage Mess.
- Article from:
- The Bond Buyer
- Article date:
- April 15, 2008
- Author:
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
While some parts of the country have suffered the effects of the subprime mortgage meltdown in terms of increased foreclosures and declining property values, New York is feeling an even greater impact from Wall Street's woes.
Less than year ago, the seemingly endless good news for New York City's economy and conservative fiscal management earned Gotham upgrades from the big three rating agencies. Today the picture has changed dramatically as investment banks that are either headquartered in or have sizeable operations in the city have written down billions of dollars of assets.
The bubble burst on the booming national real estate market last year as ...
Related newspaper, magazine, and journal articles:
|
|
Article: VIEW FROM NEW YORK: Wall Street ...
The Independent - London;
October 2, 1995 ;
700+ words
... ... combinations has also risen sharply. Wall Street is enjoying the ride. Notable ... Lipper, of Lipper Analytical in New York. He confirms that Wall Street is thriving again but voices ... pay packet, according to the New York Times, has been set at over ...
|
|