Share to Twitter Share to Linkedin Topline New York Community Bancorp has taken over Signature Bank and assumed most of its deposits, the Federal Deposit Insurance Corporation announced Sunday evening, one week after crypto-friendly Signature Bank and tech-focused Silicon Valley Bank both collapsed in the span of a few days—sending shockwaves through the U.S. financial system. Key Facts New York Community Bancorp’s subsidiary Flagstar Bank will operate Signature Bank’s 40 branches starting Monday, and “substantially all” of Signature’s deposits—which totaled $88.6 billion at the end of last year—will head to Flagstar, though about $4 billion in digital banking deposits weren’t included in the sale and will still be handled by the FDIC. The company also bought $38.4 billion worth of loans and other assets previously held by Signature, though some $60 billion in loans will remain with the FDIC, which took over Signature after it was shut down by … [Read more...] about Signature Bank Taken Over By New York Community Bancorp After Sudden Collapse
Please dont tell new york
New York And D.C. Beef Up Security For Possible Trump Indictment Unrest
Share to Twitter Share to Linkedin Topline Authorities in New York City and Washington, D.C., have started preparing for protests ahead of the possible indictment of former President Donald Trump this week according to multiple reports , even as online communities of Trump supporters seem widely disorganized as they hastily make plans for demonstrations. Key Facts Police were seen putting up barricades Monday outside the Manhattan Criminal Courthouse, where Trump could be arraigned on criminal charges as soon as this week—a New York Police Department spokesperson told Forbes police are preparing “for all contingencies.” In D.C., Capitol Police have reportedly erected bike rack fencing around the Capitol, though people familiar with the precautions told Politico police believe unrest is more likely in New York City and around Trump’s Mar-A-Lago resort in south Florida, where small groups have turned out since Trump suggested over the … [Read more...] about New York And D.C. Beef Up Security For Possible Trump Indictment Unrest
On Running Opens Technology-Driven Retail Flagship In New York City
Share to Twitter Share to Linkedin When running footwear brand On started developing its first flagship retail location the question, according to cofounder David Allemann, was: “Can we truly reinvent something here?” On believed it did that with its CloudTec outsole on running shoes, so “it was important to create an experience that is a little big magic, contactless and immediately gives feedback on your running gait.” The On New York City flagship retail outlet opens December 16, putting technology at the forefront, while also pushing it behind the scenes. The first case-in-point comes from the site’s ability to monitor running gait and suggest running shoe styles without bulky and intrusive technology. By hiding cameras away from Swedish startup MotionMetrix and not requiring a treadmill, the On design invites customers to run for three seconds on the open floor, then within seconds get, according to On, a 99.5% accurate reading on the full shape of … [Read more...] about On Running Opens Technology-Driven Retail Flagship In New York City
Medical Cannabis Operators File Complaint Against New York’s Regulators
Share to Twitter Share to Linkedin New York's medical cannabis operators filed a complaint against the state's regulators to seek opening licenses for all retail dispensary applicants. The Coalition for Access to Regulated & Safe Cannabis (CARSC), which includes New York's medical cannabis operators Acreage Holdings, PharmaCann, Green Thumb Industries, and Curaleaf, as well as two hopeful dispensary owners, as first reported by Syracuse.com, sued New York's Office of Cannabis Management (OCM) and the Cannabis Control Board (CCB), the two agencies responsible for the implementation of the cannabis legislation. The lawsuit filed in Albany County Supreme Court on March 16 alleges unconstitutional overreach and policymaking, the abdication of the agencies' duties, and actions that put New Yorkers' health and safety at risk. The coalition alleges that the OCM and the CCB did not fulfill the requirements of the Marijuana Regulation and Taxation Act … [Read more...] about Medical Cannabis Operators File Complaint Against New York’s Regulators
From The Motor City To New York City: Detroit’s Young Designers Shine At New York Fashion Week
Share to Twitter Share to Linkedin Detroit may be the birthplace of musical royalty, having produced legends like Diana Ross, Smoky Robinson, Big Sean, and others, but its greatness transcends music. One group of creatives climbing those same ranks are up-and-coming fashion designers who traveled to New York last month for New York Fashion Week. While the designers possess the same talent and ingenuity as veterans in the industry, they’re teenagers. As part of a collaboration between New York-based retailer Maison Black and Boys & Girls Clubs of Southeastern Michigan’s (BGCSM) Fashion Industry Club , the young men’s designs were displayed at the Louis Vuitton Moët Hennessy (LVMH) offices during the popular week. Detroit Native Tori Nichel, the founder and chief creative officer of Maison Black, hopes that this experience will continue to inspire them. “At sixteen, someone bet on me and really taught me the ins and outs of fashion design hands-on, and I … [Read more...] about From The Motor City To New York City: Detroit’s Young Designers Shine At New York Fashion Week
New York City FC’s Home Comforts In The Bronx And Queens
Share to Twitter Share to Linkedin New York City FC made a stuttering start to the 2023 Major League Soccer season, losing its opening game 2-0 to Nashville and drawing 1-1 with Chicago Fire. The MLS schedule handed head coach Nick Cushing and his team two away games to kick off the new season, travelling first to Tennessee and then to Illinois, returning to New York with just one point. The home opener against Inter Miami was more encouraging, and that’s perhaps no surprise given NYCFC regularly has one of the best home records in the league. Despite worries about the departure of many key players in the past year, including the spine of the team from goalkeeper Sean Johnson to goalscorer Taty Castellanos, there was something more familiar about the team’s play once it was back in the Bronx. NYCFC created a few chances against Inter Miami, with an expected goals score of 1.45 - 0.30 in its favor, indicating the 1-0 win was deserved. The low … [Read more...] about New York City FC’s Home Comforts In The Bronx And Queens
The Cleveland Cavaliers And New York Knicks Are On A Collision Course
Share to Twitter Share to Linkedin The Cleveland Cavaliers feel locked into the fourth seed in the Eastern Conference. As of March 22, they sit 3.5 games back of the third-seeded Philadelphia 76ers with only eight games to play. With how well the 76ers are playing, that feels like too big of a gap to makeup. Below them, the New York Knicks are the odds-on favorite to be the fifth seed. The Knicks sit 3.5 games back of the Cavs and are 2.5 games up on the Brooklyn Nets and three games up on the Miami Heat with nine games to play. Basketball-Reference’s playoff probabilities report has the Cavs as the fourth seed in 90.3% of outcomes. It has the Knicks as the fifth seed in 87% of outcomes. So, barring something (or somethings) unexpected, Cleveland will host New York in round one. This feels right. Cleveland rates out as a better team — the Cavs are first in net rating, the Knicks are seventh. Both teams feature a top-10 offense, while Cleveland … [Read more...] about The Cleveland Cavaliers And New York Knicks Are On A Collision Course
New York Mets’ Edwin Diaz Has Surgery For Torn Knee Tendon Suffered In World Baseball Classic Victory Celebration
Share to Twitter Share to Linkedin New York Mets right handed reliever Edwin Diaz, 28, is one of the best closers in Major League Baseball. Pitching for Puerto Rico in the World Baseball Classic March 15, Diaz closed out a tremendously meaningful victory over the Dominican Republic. Diaz struck out Seattle Mariners outfielder Teoscar Hernandez to end the game. Ready to celebrate their monumental victory, Diaz’ Puerto Rican teammates ran out of their dugout and stormed the area near the mound. Then Diaz went down to the ground, clutching his knee. His teammates lifted Diaz from the ground and placed him on a wheelchair to be taken from the field in pain. It has been disclosed that Diaz suffered a tear of the patellar tendon in his right knee. Diaz required surgery to repair the tendon, with a recovery time estimated to be “around” eight months. The team has not indicated a specific timetable for recovery. If Diaz requires a full eight … [Read more...] about New York Mets’ Edwin Diaz Has Surgery For Torn Knee Tendon Suffered In World Baseball Classic Victory Celebration
Life Of Famed Dancer And Choreographer Ann Reinking To Be Celebrated In New York City
Share to Twitter Share to Linkedin A celebration of the life of famed dancer, choreographer and performer Ann Reinking will take place this coming Monday afternoon at Broadway’s Ambassador Theatre in New York. The memorial—organized by Bebe Neuwirth, Caitlin Carter and Reinking’s husband, Peter Talbert—will be open to the public and begin at 1:30 p.m. on March 20. Those scheduled to pay tribute to Reinking, who passed away on December 12, 2020, include James Naughton, Dylis Croman, Rob Fisher, Neuwirth and Ben Vereen. Reinking grew up in Seattle, where she studied ballet with several Ballet Russe dancers and earned scholarships to San Francisco Ballet and Joffrey Ballet. When she completed high school, she moved to New York and joined the corps de ballet at Radio City Music Hall, later going on to Broadway, films and television. Reinking was nominated for four Tony Awards in four different categories: best actress in a musical ( Good Time … [Read more...] about Life Of Famed Dancer And Choreographer Ann Reinking To Be Celebrated In New York City
This $10 Million New York City Residence Has Versace Furniture Once Owned By Gianni Versace Himself
Share to Twitter Share to Linkedin It’s not everyday that a New York City penthouse comes on the market with furniture from Gianni Versace’s personal collection. This duplex penthouse unit, located on the top two floors 50 Madison Avenue in the city’s NoMad neighborhood, recently listed for $10 million. It includes pieces that the prior owner purchased in a Sotheby’s auction shortly after Versace’s murder. Not only are the pieces incredibly rare, but they are being sold with the unit. The 3,564-square-foot, four-bedroom, and three-and-a-half-bathroom duplex has sprawling living spaces, 1,500 square feet of private outdoor space, and key-locked elevator access. Not enough? The great room is built for entertaining and has walls of windows that connect to a 364-square-foot terrace—the size of most people’s New York City apartments—and creates a seamless indoor-outdoor living area. The unit also has herringbone hardwood floors, built-in shelving, an eat-in … [Read more...] about This $10 Million New York City Residence Has Versace Furniture Once Owned By Gianni Versace Himself