I was in New York over the weekend and took some time to visit what for many is the epicenter of the financial world - Wall Street, which is about 1.1 km or 0.7 miles long. It worked its way into popular culture via the 1987 film of the same name through characters such as Gordon Gekko (Michael Douglas) and Bud Fox (Charlie Sheen).
It used to be that most of the banks and brokerage houses were on Wall Street but with the advent of computerized trading technology, many of the big players have decentralized. However, there are still many interesting sites. On one end is Trinity Church which dates back to 1846 (although the first version dates as far back as 1698). Further down the street on your right is the New York Stock Exchange. The Bank of New York Mellon has its headquarters there as well as Deutsche Bank’s US headquarters. The Federal Reserve apparently had gold vaults underneath the street. On week days, Wall Street is teaming with brokers, traders and bankers but at the weekend, it is ruled by tourists. Former employees give tours now showing all the major buildings that house(d) companies that played a major role in the financial crisis. Whether or not you’re interested in finance, it is well worth a visit the next time you are in New York.
Paul Miney, GMBA Student (SSgA)