NYC

Bank of America VP Killed in Times Square Stabbing

Erin Piacenti, 32, died following an unprovoked attack in Midtown Manhattan on Monday, police said.

NEW YORK—Erin Piacenti, a 32-year-old Bank of America vice president, was killed Monday in a Times Square stabbing that left another person injured.

“We are shocked and deeply saddened by the tragic loss of our colleague. ​She was a valued teammate who will be greatly ​missed. Our hearts go out to her family and ⁠all of her loved ones,” the Charlotte, North Carolina-based bank said ​in a statement to Global Finance on Tuesday.

The alleged perpetrator reportedly charged at NYPD officers and was fatally shot moments later. A second victim remains hospitalized but in stable condition.

Erin Piacenti,
Bank of America

Piacenti began her career as a legal intern with Major League Baseball before taking M&A roles at Morgan Stanley and law firm Davis Polk & Wardwell, respectively. She joined Bank of America’s business selection and conflicts unit in 2025, per her LinkedIn profile.

New York City Mayor Zohran Mamdani addressed the incident during a press briefing Monday: “I want to thank the NYPD officers who stepped in and prevented a horrific attack from becoming even worse. This is what the men and women of this department do every single day to keep our city safe.”

NYPD Commissioner Jessica Tisch stated that the unprovoked attack began near West 41st Street and 7th Avenue when a woman pulled two knives from a Target bag. Responding NYPD officers first deployed a Taser and fired their weapons at the alleged perpetrator, fatally wounding the alleged attacker.

Both victims and the suspect were transported to Bellevue Hospital.

Piacenti is reportedly from Chester, New Jersey.

Mamdani, NYPD News Conference

Though violent crime is at historically low levels in New York City, another fatal stabbing occurred around the same area back in May.

Monday’s attack is the latest high-profile attack involving financial executives and corporate leaders in Midtown Manhattan over the past two years.

In July 2025, Blackstone Inc. executive Wesley LePatner was among four people killed in a shooting at the firm’s office on Park Avenue.

Before that, in December 2024, UnitedHealth CEO Brian Thompson was shot and killed outside the New York Hilton Midtown.

Anthony Noto covers corporate finance and private credit. Contact him at anoto@gfmag.com

Source link

NYC police seize $10 million in cocaine, largest drug bust in decades

New York City police on Friday said they seized 580 pounds of cocaine worth $10 million, the largest cocaine seizure in the city in decades. File Photo by Justin Lane/EPA-EFE

Aug. 28 (UPI) — New York City police on Friday said they seized 580 pounds of cocaine worth $10 million, the largest cocaine seizure in the city in decades.

Nelson Salcedo, 35 of New Jersey, was arrested while moving several boxes hiding cocaine from a self-storage facility in Queens.

“This was a massive shipment of narcotics, tied to an interstate trafficking network with connections across the country, including in New York and New Jersey,” NYPD Commissioner Jessica Tisch told the New York Post.

“And because of the work of the investigators standing with me today, those drugs will never make it into the streets of New York City.”

Police began following Salcedo on Aug. 12, when he was spotted dropping off packages believed to contain drugs near the north end of Central Park.

Then on Wednesday, officers spotted the suspect loading boxes into a van registered to an elevator repair company.

Police and Drug Enforcement Administration agents recovered 230 bricks containing 580 pounds of cocaine.

“This appears to be the largest single cache of cocaine my office has seized in 20 years,” Special Narcotics Prosecutor Bridget Brennan told the New York Daily News.

“Thanks to our investigators and our law enforcement partners in this case, these drugs will never make it onto the streets of New York City.”

Salcedo and two suspected accomplices were arrested.

He was arraigned on charges of criminal possession of a controlled substance.

Source link

Grocers sue over NYC Mayor Zohran Mamdani’s city-owned grocery store plan

Aug. 24 (UPI) — A group of grocers filed two lawsuits Monday over New York City Mayor Zohran Mamdani’s plan to open five city-run grocery stores, saying it would harm neighborhood supermarkets.

The Multicultural Business Coalition, an organization that says it represents owners of smaller stores, said in the filings that the city would violate business owners’ civil rights if the new stores open and that officials did not study how the planned stores would affect existing businesses.

Kenneth Roldan, the president of the coalition, said the plan would have a “devastating” effect on small grocery stores. He called it “a direct assault on minority business,” The New York Times reported.

The plan for city-owned grocery stores, which would sell some items at a 30% discount, was part of Mamdani’s platform as he ran for mayor. It calls for five stores, one in each borough of New York City, to open by 2029.

Mamdani said at a news conference Monday that the new stores are needed to address the high cost of groceries and that they would not offer significant competition in the city.

“I’m confident both in the legality of this, that it will stand up in court, and the importance of delivering it,” Mamdani said.

The new stores would reevaluate prices once a month and set the cost for food items at 30% below retailers, The Hill reported. The city would own the land and cover the rent and construction costs. A private operator, selected through a request for proposals, would manage daily operations.

“We are talking about a reflection of a cost-of-living crisis that has seen grocery prices increase by about 30 percent over the last few years, and we’re also talking about delivering five city-run grocery stores in a city of 8.5 million people that has more than 1,000 grocery stores,” Mamdani said.

The first store is expected to open in 2027 in the Hunts Point neighborhood in the Bronx. An East Harlem store is expected to open by 2029. The city has not yet selected sites in Queens, Brooklyn and Staten Island.

Giuseppe Penone: The Reflection of Bronze exhibition is on display at the Gagosian art gallery in New York City on April 21, 2026. Photo by John Angelillo/UPI | License Photo

Source link