April 14, 2021

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PRESS DIGEST- New York Times business news

Bloomberg

Coinbase Listing Puts Spotlight on Nasdaq As Bitcoin Booms

(Bloomberg) — Nasdaq Inc., an exchange that has never hosted a major direct listing, is about to try its hand on the most valuable company to go public using one.Coinbase Global Inc., the largest U.S. cryptocurrency exchange, is set to debut on Wednesday through a direct listing, an alternative to a traditional initial public offering that has only been deployed a handful of times. While Slack Technologies Inc., Palantir Technologies Inc. and most recently Roblox Corp. all listed on the New York Stock Exchange, Coinbase picked the younger bourse known

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Trump Tower Chicago loan now included in New York City prosecutors’ finance investigation

CHICAGO — The Manhattan district attorney’s office subpoenaed documents from an investment company that loaned the Trump Organization millions of dollars for its Chicago skyscraper in a sign that the investigation into the former president’s finances continues to expand, people familiar with the investigation told CNN.

Prosecutors issued the grand jury subpoena to Fortress Investment Management late last year, the people said, as part of their wide-ranging investigation into former President Donald Trump and his company.

Investigators’ interest in how Trump and his company treated the Chicago loan is an expansion of an inquiry that encompasses multiple aspects of

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Andrew Cuomo: New York governor admits he may have been ‘too personal’ as sexual harassment probe launched | US News

New York governor’s has admitted some of his behaviour towards women “may have been insensitive or too personal” as he agreed to cooperate with a harassment investigation.

Andrew Cuomo said he had teased people about their personal lives to be “playful” but denied propositioning anyone or any inappropriate touching.

Two women have made claims against Mr Cuomo, one of America’s most prominent state governors.

Former aide Charlotte Bennett told The New York Times on Saturday that he had asked about her sex life, including whether she had ever had sex with older men and if she was monogamous in her

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London could lose out to New York under draft EU finance deal: document

LONDON (Reuters) – The City of London’s finance industry would be worse off than rival New York under an early draft for a cooperation agreement in financial services between Britain and the European Union, a document, seen by Reuters, showed.

FILE PHOTO: Buildings are seen in the Canary Wharf business district, as a man cycles along a path, amid the outbreak of the coronavirus disease (COVID-19), in London, Britain January 27, 2021. REUTERS/Peter Cziborra/File Photo

Britain’s financial services industry has been largely cut off from the EU, its biggest customer, since a Brexit transition period ended on Dec. 31 as

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New York issues cyber insurance framework as ransomware, SolarWinds costs mount

On February 4, 2021, New York became the first state in the nation to issue a cybersecurity insurance risk framework to all authorized property and casualty insurers. In releasing the framework, New York’s Department of Financial Services (DFS) said that “[f]rom the rise of ransomware to the recently revealed SolarWinds-based cyber-espionage campaign, it is clear that cybersecurity is now critically important to almost every aspect of modern life—from consumer protection to national security.”

The framework applies to all property or casualty insurers that write cybersecurity insurance. However, the DFS wants all insurers, even though those that don’t offer cybersecurity insurance,

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New York assemblyman: ‘Follow the money’ on Cuomo and nursing home industry

New York Assemblyman Ron Kim (D), who last week said he was threatened by Gov. Andrew CuomoAndrew CuomoCuomo job approval drops 6 points amid nursing home controversy: poll Cruz blames criticism of Cancun trip on media ‘Trump withdrawal’ The Hill’s Morning Report – Presented by The AIDS Institute – Tanden’s odds plummet to lead OMB MORE (D) for seeking answers on the handling of coronavirus outbreaks in the state’s nursing homes, said on Monday to “follow the money” in the scandal.

“Back on March 25, the governor issued a mandate that sent 9,000 COVID patients back to nursing homes

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