Thomas DiNapoli

NY state comptroller divesting retirement fund from Russia

March 25, 2022 GMT

ALBANY, N.Y. (AP) — New York state's public pension fund will be getting rid of any Russian investments, state Comptroller Thomas DiNapoli announced Friday.

DiNapoli had announced a freeze on any new investments and a review of current ones in the days soon after Russia started its invasion of Ukraine, leading to the decision to divest.

Wall Street profits drive average bonuses to a record $258K

March 23, 2022 GMT

NEW YORK (AP) — Soaring profits on Wall Street helped drive up the average bonus paid to employees in New York City’s securities industry to a record $257,500 for last year, the state comptroller reported Wednesday.

Judge OKs Boeing settlement with investors over 737 Max

February 24, 2022 GMT

DALLAS (AP) — A judge has approved a $237.5 million settlement of a lawsuit in which Boeing investors accused company board members of failing to properly oversee safety issues around the 737 Max before two of the planes crashed, killing 346 people.

Wall Street profits near record levels despite dip in jobs

By MARINA VILLENEUVEOctober 22, 2021 GMT

ALBANY, N.Y. (AP) — New York’s comptroller says Wall Street profits are near record levels despite job losses in the industry.

Wall Street brought in $31 billion in pre-tax earnings in the first six months of 2021, according to State Comptroller Thomas DiNapoli.

State revenues are up after top earners paid more in taxes

By MARINA VILLENEUVEOctober 19, 2021 GMT

ALBANY, N.Y. (AP) — New York is seeing a surge in revenues this year following a tax increase on the state's highest-earning people and businesses.

New York ended September with a balance of about $20 billion in the main operating fund, which is where most state revenues go.

NYC restaurant jobs still sharply down from pre-virus levels

October 2, 2020 GMT

NEW YORK (AP) — New York City's restaurants are employing only slightly more than half the number of people they were before the coronavirus wreaked havoc in the industry, according to a report released Thursday by the state comptroller...

Average Wall Street salary dropped to $399K last year

By MICHAEL HILLOctober 25, 2019 GMT

ALBANY, N.Y. (AP) — Smaller bonuses last year contributed to a 5.6% drop in average Wall Street salaries, according to a report released Friday by New York state's comptroller.

The average 2018 salary, including bonuses, for New York City's securities industry employees was $398,600.

Medicaid bought sex offenders’ erectile dysfunction drugs

By DAVID KLEPPERJune 5, 2019 GMT

ALBANY, N.Y. (AP) — Registered sex offenders in New York received $63,000 worth of erectile dysfunction drugs and other sexual treatments courtesy of the state's publicly funded Medicaid program, according to an audit released Wednesday...

Comptroller: Wall Street average bonus topped $184K in 2017

By CHRIS CAROLAMarch 26, 2018 GMT

ALBANY, N.Y. (AP) — A second consecutive year of soaring profits on Wall Street pushed the average bonus paid to securities industry employees in New York City to more than $184,000 in 2017, New York state's top elected fiscal officer reported Monday.