Thursday's Headlines: NYC Administration Believes Regulations Won't Hurt Wall Street Hiring

eFC logo

NYC's Deputy Mayor for Economic Development Bob Steele believes new regulations won't hurt Wall Street's hiring. [WNYC]

Wall Street's compensation to traders led to excessive risks, and the financial crisis, according to the inancial Crisis Inquiry Commission . [Bloomberg]

Boutique investment bank Moelis & Co. is opening an office in Hong Kong. [WSJ]

The U.K's largest banks have begun to counter efforts to break them up. [FT]

Former Paramount Equity Partners' hedge fund manager Carlos Garcia was sentenced to more than five years in prison for biking investors. [Finalternatives]