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De Blasio Gets Wall Street Praise Even After Tax Proposal

After 12 years of Mayor Michael Bloomberg boosting New York’s finance industry, Wall Street is adjusting to the almost inevitable election of Bill de Blasio, who is campaigning against income inequality and calling for higher taxes on the rich.

De Blasio, 52, has been wooing the investment community since winning the Democratic mayoral nomination Sept. 10, assuring bankers, real estate developers and corporate executives that he understands their importance. He held three meetings with business leaders in the first week of October.