Dallas Aims to Dethrone New York as the Financial Capital of the US
Texas city bets on loose regulations and low taxes to lure top US banks away from New York. Can Dallas pull off this bold move to become the new financial center?
As the sun rises over the gleaming Dallas skyline, a flurry of activity is underway to cement the city's ambitious quest to become the financial capital of the United States. SUVs and pickup trucks zip past an unassuming construction site, where a new $700 million campus for Goldman Sachs is taking shape.
Nestled between towers claimed by banking giants Bank of America and JP Morgan, this 800,000 square-foot project is poised to house more than 5,000 staff. But this is no ordinary regional expansion plan - it's the latest salvo in Dallas's aggressive campaign, dubbed
Source: The Guardian
