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Is it a good thing investment banking/PrivateEquity/Hedge Funds are located in London? Does anyone think these apart from back office functions (Deutsch Bank in Birmingham, JP Morgan in Bournmouth, BNY Mellon in Manchester, BofA Merrill Lynch in Chester maybe someone can tell me the other regional offices) should be spread more around the country? Since there has been debate in the media in the past that too much of the financial services industry is based in London and the South East.
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#3
I've heard there's some advantage to being in "the City" as it is a separate area to the rest of the UK. Also, London is one of the world's three global financial centres, with a very liquid stock market. It's the ideal place for the top banks.
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#4
(Original post by hsv)
Is it a good thing investment banking/PrivateEquity/Hedge Funds are located in London? Does anyone think these apart from back office functions (Deutsch Bank in Birmingham, JP Morgan in Bournmouth, BNY Mellon in Manchester, BofA Merrill Lynch in Chester maybe someone can tell me the other regional offices) should be spread more around the country? Since there has been debate in the media in the past that too much of the financial services industry is based in London and the South East.
Is it a good thing investment banking/PrivateEquity/Hedge Funds are located in London? Does anyone think these apart from back office functions (Deutsch Bank in Birmingham, JP Morgan in Bournmouth, BNY Mellon in Manchester, BofA Merrill Lynch in Chester maybe someone can tell me the other regional offices) should be spread more around the country? Since there has been debate in the media in the past that too much of the financial services industry is based in London and the South East.
Co-op Bank in Manchester
HBOS in Halifax and Edinburgh
RBS in Edinburgh
Northern Rock in Newcastle
Presbyterian Mutual in Belfast
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(Original post by nulli tertius)
That isn't totally true:-
Co-op Bank in Manchester
HBOS in Halifax and Edinburgh
RBS in Edinburgh
Northern Rock in Newcastle
Presbyterian Mutual in Belfast
That isn't totally true:-
Co-op Bank in Manchester
HBOS in Halifax and Edinburgh
RBS in Edinburgh
Northern Rock in Newcastle
Presbyterian Mutual in Belfast
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#6
(Original post by hsv)
Was/is Northern Rock, Presbyterian Mutual HBOS Investment Banks though? Out of all of them as far as I know only RBS has an investment banking arm. Did they have front office investment banking positions outside London and you would not really call them a major investment banking player in Europe despite the ABN AMBRO purchase compared to Barclays Capital/Investment bank or Deutsche bank, Credit Suisse or UBS.
Was/is Northern Rock, Presbyterian Mutual HBOS Investment Banks though? Out of all of them as far as I know only RBS has an investment banking arm. Did they have front office investment banking positions outside London and you would not really call them a major investment banking player in Europe despite the ABN AMBRO purchase compared to Barclays Capital/Investment bank or Deutsche bank, Credit Suisse or UBS.
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(Original post by nulli tertius)
I think you have missed the irony. What all of them have in common is financial collapse or near financial collapse.
I think you have missed the irony. What all of them have in common is financial collapse or near financial collapse.
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(Original post by Joinedup)
Good for them or good for the rest of us?
Good for them or good for the rest of us?
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#12
(Original post by hsv)
Hmm read in The death of gentlemanly capitalism that before the big bang some UK investment banks or "merchant banks" as the Brits called them then had offices in Birmingham. what do we have here now some boutiques that you can count on one hand and no major ones at that.
Hmm read in The death of gentlemanly capitalism that before the big bang some UK investment banks or "merchant banks" as the Brits called them then had offices in Birmingham. what do we have here now some boutiques that you can count on one hand and no major ones at that.
IMO it's bad for the nation to be too dependent on financial services and it's bad for the nation to have london running away with all the growth.
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