Wall Street’s Seismic Shift Propels Dallas Past Chicago, LA (1)

It’s been a big year for Big Finance in the Big D.

Dallas saw three of Wall Street’s largest banks start on new campuses this year, cementing their bets on one of the fastest-growing metros in one of the fastest-growing states. The industry’s rapid Texas expansion since the onset of the pandemic means the area now has more finance workers than Chicago or Los Angeles, trailing only New York.

And it isn’t just the major banks. Asset managers of all sizes have been looking to cash in on the influx of wealth and people moving from the coasts to ...