 What to know Financial firms are flocking to Texas, particularly Dallas, drawn by low taxes and lighter regulation. The trend, driven by deliberate policy decisions, has seen major banks like Goldman Sachs and JPMorgan Chase expand significantly in the state. Texas launched its own stock exchange in Dallas, aiming to rival New York. The financial sector's growth in Dallas outpaces New York City, according to the Federal Reserve Bank of Dallas. Summary is AI-generated, newsroom-reviewed. |
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