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You probably could have picked a different city than Dallas, as Dallas actually has a decently large financial sector. It has historically been a pretty big par
by vel0city 3y ago
You probably could have picked a different city than Dallas, as Dallas actually has a decently large financial sector. It has historically been a pretty big part of the financial industry of the Southwest US buoyed by the Federal Reserve presense and within the last few years has had some massive growth by many big banking and finance groups. Its the second biggest financial area behind NY in the US.
"The industry’s rapid Texas expansion since the onset of the pandemic means the area now has more finance workers than Chicago or Los Angeles, trailing only New York."
https://www.dallasnews.com/business/banking/2024/01/02/wall-streets-love-affair-with-dallas-brings-wealth-of-new-investment-and-jobs/ https://www.dallasnews.com/business/banking/2024/01/02/wall-...
- TMWNN 3y agoThat's interesting; I'd thought Charlotte was the #2 financial center after NYC. Perhaps by the total market cap headquartered there (given Bank of America and other large banks)? Regardless, the fact that there are multiple such large centers is a good thing.
- nocoiner 3y agoI think it was a reference to Liar’s Poker.
- vel0city 3y agoThanks for cluing me in to the reference; I did totally miss that one. Still, the world is a much different place in 2024 than in 1989.
- TMWNN 3y ago"Equities in Dallas" being a Liar's Poker reference that vel0city didn't recognize doesn't affect the validity of the comment, specifically "Its the second biggest financial area behind NY in the US".