U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > North Carolina > Charlotte
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 02-01-2009, 10:22 PM
 
Location: Tampa
3,981 posts, read 9,427,207 times
Reputation: 1171

Advertisements

With Wachovia gone, and BofA maybe next, how would this affect Charlotte?
Reply With Quote Quick reply to this message

 
Old 02-01-2009, 10:26 PM
 
Location: Up above the world so high!
45,269 posts, read 88,507,295 times
Reputation: 39856
Quote:
Originally Posted by crystalblue View Post
With Wachovia gone, and BofA maybe next, how would this affect Charlotte?
Wachovia is not gone - it didn't just disappear of anythiing, lol.

It is in the process of changing over to Wells Fargo, and some folks will lose their jobs, no doubt about that, but banking is still going to be a part of Charlotte. It is not our only industry, just one of the largest. Charlotte's growth may slow due to the changes, but that won't be such a bad thing - we can stand to slow down the development for a while. Having 80,000 people move to the area every year for the past few years has really been straining our infrastructure.
Reply With Quote Quick reply to this message
 
Old 02-02-2009, 03:17 AM
 
Location: East Lansing, MI
8,755 posts, read 7,957,440 times
Reputation: 3744
Wachovia gone, LOL!

They haven't even slowed down construction on the new Wachovia building in uptown, crystal. C'mon up and visit sometime and you'll see...
Reply With Quote Quick reply to this message
 
Old 02-02-2009, 04:29 AM
 
Location: Wherever women are
19,020 posts, read 25,549,557 times
Reputation: 11309
Quote:
Originally Posted by crystalblue View Post
With Wachovia gone, and BofA maybe next, how would this affect Charlotte?
There's just been a massive pilgrim stampede, which also is business as usual

Pilgrims will soon start flowing in, all over again.
Reply With Quote Quick reply to this message
 
Old 02-02-2009, 04:49 AM
 
Location: Charlotte, NC
7,041 posts, read 13,125,241 times
Reputation: 2324
Well, I am guessing that after the dust settles after this whole depression/recession, we will see an entirely different employment landscape across the country.
Reply With Quote Quick reply to this message
 
Old 02-02-2009, 07:33 AM
 
Location: State of Being
35,885 posts, read 67,141,087 times
Reputation: 22373
Yes, employment has been affected all over this country.

Charlotte was fine w/o those two huge banks. Everyone seems to think bigger is better. Yes, I like to see growth and improvement in services . . . but it boomed here and it was too fast. Now, it is a slowdown. Sadly, this will involve layoffs and job loss.

Then the cycle will start up again - international companies are moving in . . . This is part of a cycle. This year, 2009, will be a slowdown year . . . then we will all re-group and see where it goes from there.

Charlotte was never only about banking. It is just that the media made it sound that way. Many newcomers moved here to work for the two big banks so to anyone who has only had a job w/ one of the banks - I would think the world would seem very bank-centered, but Charlotte will attract other businesses even if either (or both) of those banks are less of a presence here in this region.
Reply With Quote Quick reply to this message
 
Old 02-02-2009, 08:11 AM
 
1,253 posts, read 4,169,656 times
Reputation: 622
There is a 'decent' article today in the Observer about the loss of banking jobs and the local economy here in Charlotte. I love reading everyones comments after the article too:

Financial crisis has battered Charlotte's wealth | CharlotteObserver.com (http://www.charlotteobserver.com/business/story/509355.html - broken link)
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > North Carolina > Charlotte
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top