'There's nobody here': Covid turns Wall Street into a ghost town

[marmar]

(Guardian UK) “They used to stand at the bar three deep,” says John Moran, surveying the long, empty counter at Killarney Rose, a Wall Street bar that would, in another era, have been stuffed with early-shift construction workers and, at lunch and late into the evening, suited bankers.

The world’s pre-eminent financial thoroughfare – at least throughout the 20th century – is a ghost of what it once was. The New York Stock Exchange and Nasdaq are still located here, but dozens of financial institutions have emptied out from New York’s financial district in an exodus that started in the wake of 9/11 and has been hastened by Covid.

This week Deutsche Bank, the last major bank on the storied block, announced it would accelerate its departure from its offices at 60 Wall Street and could move as many as half of its 4,600 Manhattan staff to regional offices in the next five years.

Deutsche’s move comes as no surprise to Moran. New York’s financial district has been transforming into a residential zone – with a smattering of media and tech firms including Condé Nast, Time Inc, Group M and Spotify – for years. ..........(more)

https://www.theguardian.com/us-news/2020/dec/19/theres-nobody-here-covid-turns-wall-street-into-a-ghost-town

[dixiegrrrrl]

1. Speaking of Deutsche Bank, did you read Dark Towers?

The biography of the bank, so to speak, from the beginning to current. And how it got and stayed crooked.
David Enrich is the author.
Ironic last name...

[marmar]

2. It's on my list.