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And the Federal Reserve Bank of New York reported in April that the city is too dependent for its tax revenue on volatile Wall Street markets.
A volatile Wall Street advanced for a second consecutive day on Thursday, as investors found renewed confidence in a report that Bank of America is close to buying the struggling mortgage lender Countrywide Financial.
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Today's Citicorp looks to be much more reliant on often volatile Wall Street businesses than the old one, and it has a huge presence in global capital markets.
In a sign of how volatile the Wall Street debate has become, Ms. Warren has since sought to distance herself from the Occupy Wall Street movement, describing it as "organic" and calling for demonstrators to obey the law.
With a huge mutual fund business and 15,000 brokers catering to individual investors, Merrill was supposed to be less volatile than Wall Street firms that depended more on trading, like Goldman ,Sachs and Lehman Brothers Holdings.
Talbots' shares have been among the most volatile on Wall Street.
In volatile trading, Wall Street's Dow Jones fell 6%, then almost recovered its losses before closing 3.6% lower.
The latter I believe is more a cyclical bottoming out than an indication of poor future orders". He adds a note of caution, saying Veeco is volatile and "Wall Street does not always know what to make of it". The future of LEDs is bright, and these three experts think 2013 could be the year when they really take off.
The stress and excitement of a volatile day on Wall Street is pure, honest emotion.
Shares rose on Wednesday, led by technology and energy stocks, in another volatile day on Wall Street.
The strong headline growth number capped a volatile week on Wall Street, where the Dow Jones industrial average surrendered all of its gains for the year.
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