Wednesday, November 30, 2022
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Mount Vernon man charged in diverting hospital payroll funds to credit...

Though Christopher fooled the hospital for 18 months, as depicted in the criminal complaint, he apparently got caught because he didn’t disguise himself on the credit card accounts.

Edison Price Lighting of White Plains fights for cash to protect...

Edison needs bankruptcy protection, according to a declaration by Emma Price, the president, to obtain breathing room from creditors while it marshals assets to “either sell the company as a whole or sell off its inventory, raw materials and other assets.”

Westchester IDA helps Citibank sell affordable housing loans

The changes are minor, Citi’s attorney stated, but will enable the bank to cash out of the funds by selling them on the secondary market.

Bogus ticket broker pleads guilty in $60M Ponzi scheme

The ticket broker's admission of guilt may be of no help to Jerry Zandman, who’s Citibank credit card was charged $26,000 for Yankees season tickets.

Credit-card holder sues Citibank, Yankees over phantom season tickets

The Yankees charged $26,000 to his credit card without his knowledge or consent, Jerry Zandman says, and tickets were never provided.

Five Westchester businesses support 5K race

Five Westchester businesses will sponsor the Corporate Cup 5K Race after nine years of dormancy. SUNY Purchase will hold the men's, women's and co-ed corporate team competitions on Thursday, July 25 and Wednesday, Aug. 14 at 6:30 p.m.

$200M in Sandy insurance not released to homeowners

A New York State Department of Financial Services investigation has uncovered $200 million in insurance funds for Hurricane Sandy being held by banks has not been sent to homeowners who need the money.

Morgan Stanley to shed 1,600 jobs

Morgan Stanley is reportedly laying off 1,600 employees, about 3 percent of its workforce, next week.

WorkPlace Platform to Employment program goes national

Over the next several months, The WorkPlace will launch replication P2E sites that will work specifically with unemployed veterans and individuals over the age of 50 in 10 U.S. cities.

CFPB: Student loan debt at $1T

Outstanding U.S. student loan debt is now over $1 trillion, with college loans now surpassing credit cards as the largest source of unsecured consumer credit.

Citi CEO abruptly resigns

Citigroup Inc. CEO Vikram S. Pandit abruptly resigned today, with the board of directors announcing he will be replaced by Michael Corbat, who previously served as chief executive of the bank’s Europe, Middle East and Africa divisions.

Old faces, but new ground to cover

Sara Tucker leads First Niagara’s Hudson Valley business banking team as it works to establish a footprint in Westchester County.