The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

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Thursday, May 10, 2018

Finance Flies West, and South | City Journal

The recently announced departure of New York City-based Alliance Bernstein for Nashville, taking more than 1,000 jobs with it, suggests a potential loosening of New York’s iron grip on the financial-services industry. Yet the move reflects a longer evolution that has seen financial firms leave not only New York but also other traditional centers—what one historian calls the “Yankee Empire”—that for two centuries dominated banking, insurance, and investment capital.

via www.city-journal.org

http://rightcoast.typepad.com/rightcoast/2018/05/finance-flies-west-and-south-city-journal.html

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