Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
Probe: Banks withholding $200M in Sandy payouts
Banks and mortgage servicers are withholding more than $200 million in insurance settlements from New Yorkers whose homes were battered by superstorm Sandy, hobbling efforts to rebuild, state officials said.
An investigation by the state Department of Finance found Citigroup, Bank of America, J.P. Morgan Chase and others are holding a total $208 million in settlements to 6,600 families statewide,...
