US EditionThe Wall Street Exodus: Financial Firms Flee New York, Taking $1 Trillion in Assets With Them
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The Wall Street Exodus: Financial Firms Flee New York, Taking $1 Trillion in Assets With Them
The exodus of Wall Street firms from New York City is continuing, with nearly 160 companies having moved their headquarters out of the city since the end of 2019. These financial firms have taken with them almost $1 trillion in assets under management, highlighting a significant loss for the Big Apple. The reasons behind this mass migration include concerns about rampant crime, high taxes, and the soaring cost of living in New York. Prominent fi…
·Elkader, United States
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