FINANCE

NY-based Citigroup Inc. has agreed to pay $100 million to settle charges that it rigged interest rates following a probe in 41 states and Washington, DC led by New York State Attorney General Barbara Underwood. Read more at the New York Business Journal.

 

DEVELOPMENT

Brookfield continues to expand its presence in the New York real estate sector. It’s in negotiations with Kushner Companies to invest $700 million equity and $1 billion in new debt towards the 41-story skyscraper at 666 Fifth Ave. Read more at BisNow.

 

ENERGY

Gov. Andrew Cuomo announced the state will participate in the new National Offshore Wind Research and Development Consortium, a group focused on offshore wind research and development with a goal to provide power to up to 1.2 million homes by 2030. Read more at Long Island Business News.