Gov. Paterson says that this move is the latest positivedevelopment for Manhattan's financial marketplace. "Once again, NewYork is proving itself to be the capital of global finance," hesays in a prepared statement. "When one of the largest banks in theworld chooses New York City as their US base of operations, it is areminder of the role that our State plays in global financialmarkets."

ICBC's official opening comes in the same week as Goldman SachsGroup Inc. revealed that it has applied to the New York StateBanking Department to become a full-service, state-chartered bank,and will headquarter its US commercial bank in New York City. Onceapproved, Goldman Sachs Bank USA will have approximately $150billion in assets.

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Natalie Dolce

Natalie Dolce, editor-in-chief of and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel,, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including and Museums New York magazine.