Not at all!
Over a decade in banking, I have witnessed this argument resurface time and again in the context of the US. Indeed, it's true that two of the nation's largest banks, Wells Fargo and Bank of America, are headquartered in Charlotte. Hedge funds predominantly anchor themselves in Greenwich. GS has relocated its back-office operations to Salt Lake City. JPMorgan conducts risk analytics out of Columbus. CC processing is entirely Wilmington, commodities desk entirely Chicago.
However, despite these geographic shifts in various financial functions, the heart of the financial world remains unmistakably tethered to Wall Street. For the foreseeable future, the nexus of global finance will continue to pulse through New York City. To suggest otherwise is a fundamental misreading of the industry's deeply entrenched culture. Just as in London, where finance is inextricably woven into the fabric of the city, New York represents more than just a place—it is the embodiment of finance itself. The gravitational center of this world does not and will not shift to places like Utah, Ohio, Delaware or North Carolina. It is, and will remain, rooted in global financial hubs such as New York, London, Mumbai, and Hong Kong. To imagine otherwise is an exercise in futility.