New York City Mayor Eric Adams today convened a meeting with representatives from the city’s technology and venture community, and many small businesses, to address their concerns after the closure of Signature Bank on Sunday evening and Silicon Valley Bank on Friday night.
New York City Mayor Eric Adams and New York City Comptroller Brad Lander today hailed Fitch Ratings for upgrading the city’s bond rating to AA from AA-. The upward revision comes just one year into their terms and reflects the administration’s strong fiscal management.
New York City Mayor Eric Adams announced two important transparency measures that will help gauge the consumer and community service experience of the city’s designated banks and provide a tool for better assessing the commitment of banks looking to hold city deposits to non-discrimination in lendin