An informed look at Business Climates throughout the U.S.
Banking and Financial Services
The banking and financial services industry includes firms that are responsible for carrying out financial transactions or facilitating financial transactions through their services.
More than 246,000 work in the financial services sector in the state, as a growing number of firms, including Prudential Financial Inc. and Goldman Sachs & Co. call New Jersey home. In addition, other financial service firms such as Citigroup Inc., UBS and Societe Generale have many of their back office operations in the state because of its competitive real estate and proximity to their operations in New York.
With more than $2.13 trillion in assets held at the end of 2011, Charlotte is the second-largest financial center in the United States. The financial services presence has helped the region develop a wealth of expertise in cyber security.