By Stefan Beutelsbacher (Die Welt)
This street in southern Manhattan doesn't look like much.
It has only one lane and spans only eight blocks.
At its western end, cars are driven on cobblestones, while at its eastern end, potholes dig into the tar.
Yet this alley is known around the world: it is both the emblem of the American banking sector and a symbol of wealth and excess.
This is obviously Wall Street.
The street and its surroundings once made New York City the center of the financial world.
Today, however, with the coronavirus crisis, the metropolis risks losing its prestigious status.
This week, we learned that investment bank Goldman Sachs may be relocating one of its key divisions to Florida.
Other financial firms have already set sail - and many more are likely to follow suit.
Goldman Sachs Finds Miami Area Offices
Goldman Sachs Bank is considered a
This article is for subscribers only.
You have 88% left to discover.
Subscribe: 1 € the first month
Can be canceled at any time
I ENJOY IT
Already subscribed?
Log in