Wall Street Slaps Down NYC Again With AllianceBernstein's Move to Nashville
- The asset manager is shifting about 1,050 jobs to Nashville
- It’s part of a trend as financial firms look to reduce costs
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New York is losing more than a thousand financial-industry jobs -- and Manhattan’s loss is Music City’s gain.
AllianceBernstein Holding LP is moving its corporate headquarters and about 1,050 jobs to Nashville, Tennessee, the company said in a filing Wednesday, concluding a months-long search that evaluated 30 cities on attributes including housing, cost of living, education and weather.