A city's reversal of fortunes

CHARLOTTE, N.C. - The financial collapse has hit the city known as Wall Street South. For years, Bank of America Corp. and Wachovia Corp. helped turn Charlotte into a financial powerhouse. Now, it is in the same predicament as the real Wall Street - the city is losing thousands of jobs and an unquantifiable amount of prestige. Residents who invested heavily in the banks have seen their wealth dissipate and lifestyles change radically.

Read More

Copyright PHILY - Philly.com
Contact Us