NEW YORK – Following the first-ever public hearing held by the New York City Banking Commission this week, all three members voted to limit deposits at Capital One and KeyBank after the banks failed to submit required plans demonstrating their efforts to root out discrimination. New York City Comptroller Brad Lander, one of three members […]
Deloitte Buys Optimal Design
NEW YORK — Deloitte announced it has acquired all of the assets of Optimal Design Co., a Chicago-based product engineering services (PES) company specializing in the innovation and development of smart connected products and internet of things (IoT) devices. Together, Optimal Design’s multi-disciplinary PES talent and Deloitte’s leading-edge capabilities will help clients unlock innovation and […]
Cox Enterprises Leads Series C Round in Amplify
BROOKLYN — Amplify, a publisher of next-generation curriculum and assessment programs, has raised a Series C funding round led by media and automotive company Cox Enterprises. Cox joins Amplify’s current investors, including Emerson Collective, Learn Capital, and A-Street Ventures. The amount raised was not disclosed. The funding will support Amplify in continuing to expand the […]
Buffalo, Albany Rank Among Top 10 Cities for College Graduates
Buffalo and Albany have made the top 10 list of best cities for new college graduates according to real estate size Zillow. Buffalo was ranked the fifth best city for new grads and Albany in eighth place due to higher starting salaries and lower rents compared to other major cities. Colorado Springs, CO, was named […]
Robin Hood Raises $61.4 Million at 35th Annual Event
NEW YORK — This week, 4,000 New Yorkers attended Robin Hood’s annual benefit gala at the Javits Center to mark the foundation’s 35th year and recognize its legacy and contributions in the fight against poverty in New York City. The annual benefit raised $61.4 million, adding to the nearly $3 billion Robin Hood has invested to help New Yorkers permanently […]
Former Punter Donates $1 Million to RPI Football Team
TROY, NY — A former punter for the Rensselaer Polytechnic Institute (RPI) football team has made a $1 million gift to his alma mater’s football program. The gift — made by successful businessman Brendan Keegan, RPI Class of 1991 and his wife, Dana Keegan — is by far the largest gift ever received in the […]
Billionaire Ken Griffin Donates $25 Million to Success Academy
NEW YORK — Success Academy, which operates charter schools in NY, announced that Citadel founder and CEO Kenneth Griffin has made a $25 million gift to expand educational opportunity for 10,000 children in New York City. The gift will increase the capacity of Success Academy by more than 50% over the next five years, allowing […]
FDIC Wants to Levy Fees on Larger Banks to Pay for Seizures
The Federal Deposit Insurance Corporation (FDIC) Board of Directors wants to implement a special assessment on the nation’s largest banks to recover the cost associated with protecting uninsured depositors following the closures of Silicon Valley Bank and Signature Bank earlier this year. The Federal Deposit Insurance Act (FDI Act) requires the FDIC to take this action in […]
Antimetal Raises $4.3 Million Seed Round
NEW YORK — Antimetal, a cloud cost optimization platform for users of Amazon Web Services (AWS), emerged from stealth and has raised a $4.3 million seed round led by Framework Ventures. Additional participants include Chapter One and IDEO CoLab Ventures, amongst others. While in private beta, Antimetal’s platform helped 35+ companies—from startups to Fortune 500s—cut cloud costs by […]
NBA Releases Winners of 2023 Regular-Season Awards
The National Basketball Association has released the voting totals and voter ballots for annual awards for the 2022-23 NBA regular season, as selected by a global panel of 100 sportswriters and broadcasters. The balloting was tabulated by the independent accounting firm Ernst & Young LLP. NBA Clutch Player of the Year VOTING TOTALS | VOTER BALLOTS Winner: De’Aaron […]