New York and California Each Lost $1 Trillion When Financial Firms Moved South
Aerial view of Miami, Florida. Joe Raedle/Getty Images For the first time, hard data shows the scope of the upheaval By Linly Lin and Tom MaloneyGraphics by Raeedah Wahid and Jade Khatib August 21, 2023 The drip, drip, drip of the finance industry’s exit from New York and California has been measured anecdotally, one at a time, these past few years. Elliott…