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NY Getting $800M in Bank Settlement

by Associated Press

Mike Mozart, flickr

New York state will get $800 million as its share of a national $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, New York Attorney General Eric Schneiderman announced Thursday.

Disparity in New York City Bank Branches

by Sara Kugel
Library of Congress; N.A. Jackson Cartographer; Data Source: TeleAtlas, ESRL and NY State Banking Department

In New York City, finding a bank is more of a challenge in some neighborhoods than others. For example, midtown Manhattan has 172 banks while the East Concourse neighborhood of the Bronx, doesn’t even have one.

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