South By North Strategies, Ltd.

In the first installment of an occasional series, The Charlotte Observer reports on the health of Charlotte’s financial sector two years after the financial crisis. From the article …

Two years after the banking landscape imploded, Charlotte’s financial sector remains severely diminished.
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From 2008 to 2009, Mecklenburg County lost nearly $1 billion in financial sector pay after the turmoil at Wachovia, Bank of America and the rest of the industry. And since September 2008, the county has shed more than 3,000 finance and insurance jobs.
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Interviews with more than a dozen industry insiders indicate that Charlotte may not return to the employment and pay peaks of several years ago. They say it feels as though the industry has stabilized, but it’s still unclear where it’s headed, especially with continued uncertainty in the economy. Still, a more diversified financial sector is emerging from the carnage.