Monday July 2, 2012
The Daily Ticker reports that NYC is less and less regarded as the financial capital of the World much less the US. Not only are firms moving support sectors out of NYC< it is not just to Connecticutt or New Jersey. Nope, backwaters like FL and Utah are now home, less expensive and convenient.
Recently A German Bank nearly bought the New York Stock Exchange. The flood of regulatikon has led firms to locate at other stock exchanges, no Sarbanes Oxley outside the USA.
Chuck Schumer, are you listening?
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