Thursday, September 18, 2008

Charlotte NC

Charlotte NC (the other big city in NC - I'm in Raleigh) could be an unexpected beneficiary from the financial fall out. We've already heard of Bank of America buying Merrill. Now there is talk of Morgan Stanley trying to hook up with Wachovia.

Both BofA (which used to be North Carolina National Bank - NCNB) and Wachovia are headquartered in Charlotte.

Of course, its very unlikely that Merrill or MS would move the brokerage or investment banking business to the queen city.