Citi Group's most recent move of employees to Tampa reflects the larger trend of financial services jobs leaving the expensive Northeast and finding better economics in Sunbelt cities.
Tampa has long been a major service support hub for New York-based Citi, one of the world's largest banking companies with more than 230,000 employees. Once dubbed Wall Street South, Tampa is home to substantial back-office operations of such major financial companies as J.P. Morgan Chase, Capital One, USAA and Depository Trust & Clearing Corp.
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