CLT ranked as one of top cities to be affected by financial crisis
Posted on 17 Oct 2008 by Justin Ruckman
“CNN.com chose this city as one of the “Best Places to Live and Launch” in 2008. As a financial powerhouse with Bank of America, Wachovia, Lending Tree, State Farm, American Community Bank, Blue Ridge Savings, First National, First Federal Savings, Carolina Trust, Cabarrus Bank, Bank of Stanly, Piedmont Bank, etc., Charlotte resists any financial shock that could dampen down its economy. Though it is believed that a national bank panic is still far from happening, the vulnerability of its financial workers to the crisis is seriously feared by analysts.
Starting this weekend, Charlotte will be in the national spotlight. Charlotte’s economic shaky ground will be featured in Friday evening’s CBS Evening News with Katie Couric. As well as being spotlighted in an upcoming 60 minutes episode where Leslie Stahl reports on the city’s financial institutions.”