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Keyword: nyfinancialcapital

New York to Lose Place as World's Financial Capital: Bove

07/01/2011 10:45:15 AM PDT · by george76 · 20 replies
CNBC ^ | 1 Jul 2011 | Jeff Cox

New York soon will no longer be the financial capital of the world thanks to a hostile government that has served up a menu of punitive regulations aimed at driving big banks out of the country, says analyst Dick Bove. In his latest broadside against the post-crisis regulatory environment, Bove asserts that a recent spate of layoffs, particularly by Goldman Sachs, is just the latest sign that large financial institutions will have to take their operations overseas. The result, he says, will not be good both for New York and the nation. ... In the current climate, Bove says the...

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