In a surprise move, the CEOs of two of the world's largest financial institutions, Bank of America's Brian Moynihan and Goldman Sachs' David Solomon, have publicly urged New York Mayor Zohran Mamdani to increase the city's housing supply. The executives made the plea during a meeting this week, citing a pressing need for more apartments in the city. By doing so, they believe it will help alleviate the strain on the city's housing market, which has been plagued by skyrocketing rents and a severe shortage of affordable housing options. As the city continues to grapple with the consequences of its own growth, the CEOs' call to action has sparked interest and raised questions about the potential impact on New York's real estate landscape.
The heads of Bank of America Corp. and Goldman Sachs Group Inc. said this week they’ve pressed New York Mayor Zohran Mamdani to get more apartments built in the city, a move they said would help with ...
