TSXE
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The Texas takeover: Dallas rising the roadshow ranks as ‘Y’all Street’ grows its appeal
‘Texas is the new financial services capital of America,’ declared Governor Greg Abbott last week as he announced moves by yet another major bank into the state. Scotiabank is set to create a major regional office out of Dallas, in a move that will open up over 1,000 jobs and more than $60 mn in investment. It joins other financial services bigwigs from Goldman Sachs to Nasdaq and NYSE making moves to mark their Texas territory.
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Cutting red tape: Texas legislature passes pro-business reforms
Texas is positioning itself as a serious challenger to Delaware for corporate incorporations with two landmark corporate law reforms. Effective September 1, 2025, Senate Bills SB 29 and SB 1057 introduce sweeping changes aimed at enhancing legal predictability, reducing litigation risks, and curbing shareholder activism. These changes are set to make Texas a more attractive, management-friendly jurisdiction for companies.
