NYC may fall from financial-services throne
Bloomberg, Schumer say NYC may fall from financial-services throneNew York City Mayor Michael Bloomberg and Sen. Charles Schumer will release a report today saying New York City is at risk of losing its position as the financial capital of the world. The 134-page report calls for easing Sarb-Ox restrictions, easing immigration laws for skilled professionals, adopting the Basel II capital standards rather than a proposed tougher U.S. version, and curbing securities-related litigation.
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posted by Victor Lloyd Smith @ 5:06 PM
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