5don MSN
Here’s where big Wall Street firms are moving as NYC looks poised to elect a socialist mayor
As Wall Street faces the prospect of left-wing firebrand Zohran Mamdani becoming the city’s next mayor, a fast-growing business hub down south is beckoning.
Wall Street leaders and billionaires spent big to defeat democratic socialist Zohran Mamdani in New York City's mayoral race. Now they have to figure out how to work with him.
Over $22 million was spent by billionaires to prevent the democratic socialist from becoming mayor-elect, estimates say.
Johnson Associate predicted chunkier pay-outs last year after the US economy began to roar back into life after three years of COVID-inspired, debt-laden economic malaise
Major financial services firms such as Goldman Sachs, JPMorgan Chase, and Wells Fargo have expanded operations in Dallas, Texas, where the firms have thousands of workers.