I know I know... The big cat said that our Panthers will never leave this place but business is business and no pay no play. Wishful thinking not always works.
Now, why do I say that? The Charlotte is known to be a banking city, 2nd largest banking city in the United States. Soon its not going to be the case. Wachovia is no more and headquarters will not be in Charlotte. I know some people that have an inside scoop on many banks in this area (people that do big internal work for the banks). I knew Wachovia will fold 4 months before it actually did. The same source told me that the headquarters of Bank of America 80% guaranteed to leave Charlotte in next 2 years. If this happens, departure of Wachovia and Bank of America will cost Charlotte around 100,000 jobs and millions in revenue. Many intellectual business people will force to move and that means more revenue will be lost. It will be like a chain reaction so dont be surprise if Charlottes population will have a negative grow.
If this happens it will definitely impact Panthers as a business.
Considering that you "knew that Wachovia was going to fold 4 months before it did", I would ask the following:
Did you short the stock, and make a fortune?
If not, why not? Scared of insider trading?
Wells Fargo has about 5% overlap with Wachovia's operations, and the vast majority of those employed will remain so...IN CHARLOTTE!
As to Bank of America, you are 80% wrong. In a world of financial death spiral, and delevering, no company will afford themselves a 300% increase in the cost of doing business. That's what would happen if they moved to your aforementioned locations. They are staying put.
In addition, don't be shocked to see larger Regional firms add locations to Charlotte. Companies such as Edward Jones, Stifel Nicholas, Charles Shwab, Northern Trust, and the like.
The Panthers are going nowhere. Everyone can now relax!