Crain's New York Business

Flagstar's 'sweetheart' deal | Library funding showdown | Mercer Street retail sale

Crain's New York Business sent this email to their subscribers on March 20, 2023.

Afternoon 10

Monday, March 20, 2023
Flagstar

1. Flagstar’s 'sweetheart' deal for Signature Bank 'almost seems too good to be true'

Regulators deem New York Community Bancorp strong enough to swallow a top rival at a bargain price

 

Related:

 
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Libraries budget cuts NYC Council.jpeg

2. Library leaders decry ‘devastating’ budget cuts before a sympathetic City Council

The fight over funding captures a central tension between the mayor and lawmakers

 

Related: Council kicks off budget talks opposing Eric Adams’ ‘doom-and-gloom’ cuts

 
Read More >
155 Mercer St

3. Mercer Street retail property sells at steep price cut

Weybourne Properties purchased the SoHo site for $60 million, roughly seven years after it traded hands for $93 million

 

Related: Deals of the Day: March 20

 
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Stock market Wall St. traders

4. Stocks climb as regulators rush to shore up market confidence

The S&P 500 saw modest gains

 
Read More >
amazon

5. Amazon plans to cut 9,000 corporate and tech workers

The layoffs are expected to happen by the end of April

 

Related: 

 
Read More >
National Grid

6. State regulators reject National Grid cost recovery on Brooklyn gas project

The Public Service Commission said the project is not immediately needed to meet demand

 
Read More >
First Republic

7. First Republic shares plunge to record low on concern more help is needed

JPMorgan CEO Jamie Dimon is leading talks with other bank executives on new stabilization efforts

 

Related: First Republic sees 'gob-smacking' deposit outflows; shares plummet after rescue package

 
Read More >
MSG CEO James Dolan

8. On Politics: An unconventional billionaire draws fire

Madison Square Garden’s tax break is closer to the chopping block than it’s been in a decade, writes columnist Ross Barkan

 

Related: 

 
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A . - o A

9. Pfizer CFO on the company's post-Covid growth plans

Dave Denton spoke to Crain's about the $43 billion proposed Seagen deal and how the company could fare in the wake of the pandemic

 
Read More >
We Heart NYC billboard

10. 'We❤️NYC'—see the new campaign for New York City inspired by a tourism classic

The ads are designed to spur a modern-day movement

 
Read More >

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Picture yourself working for a global media ieader in your own backyard Explore Open Positions CRAIN AFTERNOON 10 MONDAY, MARCH 20, 2023 Did someone forward this newsletter to you? Sign up here to receive Crain's Afternoon 10 for free. Flagstar 1. FLAGSTAR’S 'SWEETHEART' DEAL FOR SIGNATURE BANK 'ALMOST SEEMS TOO GOOD TO BE TRUE' Regulators deem New York Community Bancorp strong enough to swallow a top rival at a bargain price Related: * Buyer emerges for Signature Bank * Signature's crypto business wasn't part of Flagstar takeover deal   Read More > Libraries budget cuts NYC Council.jpeg 2. LIBRARY LEADERS DECRY ‘DEVASTATING’ BUDGET CUTS BEFORE A SYMPATHETIC CITY COUNCIL The fight over funding captures a central tension between the mayor and lawmakers Related: Council kicks off budget talks opposing Eric Adams’ ‘doom-and-gloom’ cuts   Read More > 155 Mercer St 3. MERCER STREET RETAIL PROPERTY SELLS AT STEEP PRICE CUT Weybourne Properties purchased the SoHo site for $60 million, roughly seven years after it traded hands for $93 million Related: Deals of the Day: March 20   Read More > Stock market Wall St. traders 4. STOCKS CLIMB AS REGULATORS RUSH TO SHORE UP MARKET CONFIDENCE The S&P 500 saw modest gains   Read More > amazon 5. AMAZON PLANS TO CUT 9,000 CORPORATE AND TECH WORKERS The layoffs are expected to happen by the end of April Related:  * Layoffs can take a surreal turn when the HR department faces the axe * Weakness in tech advertising could hit New York where it hurts   Read More > National Grid 6. STATE REGULATORS REJECT NATIONAL GRID COST RECOVERY ON BROOKLYN GAS PROJECT The Public Service Commission said the project is not immediately needed to meet demand   Read More > First Republic 7. FIRST REPUBLIC SHARES PLUNGE TO RECORD LOW ON CONCERN MORE HELP IS NEEDED JPMorgan CEO Jamie Dimon is leading talks with other bank executives on new stabilization efforts Related: First Republic sees 'gob-smacking' deposit outflows; shares plummet after rescue package   Read More > MSG CEO James Dolan 8. ON POLITICS: AN UNCONVENTIONAL BILLIONAIRE DRAWS FIRE Madison Square Garden’s tax break is closer to the chopping block than it’s been in a decade, writes columnist Ross Barkan Related:  * Lawmakers want to cut Madison Square Garden tax break to fund MTA * On Politics: James Dolan no longer has as many friends at the top   Read More > A . - o A 9. PFIZER CFO ON THE COMPANY'S POST-COVID GROWTH PLANS Dave Denton spoke to Crain's about the $43 billion proposed Seagen deal and how the company could fare in the wake of the pandemic   Read More > We Heart NYC billboard 10. 'WE❤️NYC'—SEE THE NEW CAMPAIGN FOR NEW YORK CITY INSPIRED BY A TOURISM CLASSIC The ads are designed to spur a modern-day movement   Read More > SUBSCRIBE TODAY Discover why Crain’s New York Business is the top source of news, analysis, and information in New York. This email was sent to [email protected] Manage My Account | Contact Us © 2023 Crain Communications Inc. 685 Third Avenue, New York, NY 10017 USA | | CRAIN COMMUNICATIONS
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