Financial institutions are increasingly expanding their operations in Texas, drawn by low taxes, light regulations, and a lower cost of living. Morgan Stanley plans to open a permanent Dallas hub by 2031, joining other Wall Street firms like Goldman Sachs in the state. The area has been nicknamed 'Y'all Street,' and the Texas Stock Exchange, based in Dallas, began trading in July. These moves are part of a broader trend of corporations relocating or expanding in Texas.
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