The president of the Yankees told a Congressional hearing Friday that if the city had not issued tax-exempt financing for the team’s new stadium it would have left town.

Numerous clients have been calling their financial planners planners as the world rocks unsteadily, seeking advice and words of comfort.

The trial of Alberto W. Vilar, the opera lover and disgraced patron of the arts, opened with a prosecutor describing him as a lying fraudster who finagled money out of clients.

Students at N.Y.U.’s Stern School of Business are charged with investing nearly $2 million of the university’s $2.2 billion endowment over the course of the semester.

Over the years credit-default swaps have become a favorite tool of speculators who use them to bet that a certain company will fail.

A volatile week on Wall Street has affected the lives of New Yorkers off the Street as well.

As part of a deal to buy the Lehman Brothers main securities-trading operations, Barclays Capital, a London-based firm, announced that it would also acquire their headquarters.

A volatile week on Wall Street has affected the lives of New Yorkers off the Street as well.

Thomas P. DiNapoli said on Monday that he would ask the Legislature to permit a larger share of state pension assets to be placed in less-traditional investments.

Those indicted in the ongoing federal investigation include former employees of Morgan Stanley and Janney Montgomery Scott.