NY state, city officials ban ‘placement agents’ from involvement in pension investments

NEW YORK — Amid an expanding corruption investigation, top officials in Albany and New York City said Wednesday that they would bar lobbyists known as placement agents from soliciting investment business from the state’s two biggest public pension systems.

Amid scandal, NYC comptroller joins state in bans lobbyists from state pension investments

NEW YORK — New York City’s comptroller has joined state officials in saying he wants to ban lobbyists known as placement agents from soliciting business from government pension funds.

Jack Jones, respected former British labor union chief, dies in London at 96

LONDON — Jack Jones, a union leader who became a household name in Britain through his battles to secure better rights for workers, has died, his son said Wednesday. He was 96.

NYC comptroller reportedly looks into whether Quadrangle failed to disclose finder fees

NEW YORK — The New York City comptroller’s office is reportedly looking into whether private-equity firm Quadrangle Group — once headed by Steven Rattner — misled or deceived city pension funds.

Report says China’s rapidly aging population threatens social, economic stability

BEIJING — China’s rapidly aging population threatens the country’s social and economic stability and could affect the prospects of other countries around the world, a U.S. study says.

Politically connected broker paid fee for work on failed $50 million NM state investment

SANTA FE, N.M. — A Chicago-based financial firm paid a politically connected New Mexico broker to help obtain a $50 million state investment that a whistleblower lawsuit alleges was made as part of a pay-to-play scheme.