Exodus that started after 9/11 has accelerated — and many fear New York’s financial district will not recover
“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.
