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Lin :: not a "naive question" just a hard question to answer! I would say that if you are to look at big banks with big presences on the West coast, they are generally West coast companies, eg, Wells Fargo, PIMCO, Blackrock, Wedbush, etc.You DO find east coast companies on the west coast, but they are most surely 'satellite offices'...the east coast has time on its side. The west coast is at the end of the day...this always puts the west coast at a disadvantage.Remember though, when someone says "LA" they could be referencing anything from Santa Barbara to San Diego, that's a huuuuge market and there's a lot of money to be made in Cali...that is, if Los Angeles doesn't default first
Lin :: not a "naive question" just a hard question to answer! I would say that if you are to look at big banks with big presences on the West coast, they are generally West coast companies, eg, Wells Fargo, PIMCO, Blackrock, Wedbush, etc.
You DO find east coast companies on the west coast, but they are most surely 'satellite offices'...the east coast has time on its side. The west coast is at the end of the day...this always puts the west coast at a disadvantage.
Remember though, when someone says "LA" they could be referencing anything from Santa Barbara to San Diego, that's a huuuuge market and there's a lot of money to be made in Cali...that is, if Los Angeles doesn't default first
