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How London grew into a financial powerhouse


How London grew into a financial powerhouse
Charting the growth of London’s financial centre and what the future holds after Brexit
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© Google Earth: Data SIO, NOAA, US Navy, Landsat/Copernicus
The FT is running a series examining the future of the City of London. Here we look back at how the UK capital established itself as an international financial centre and explore the geography and the business of the City.
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As far back as 1980 banks with offices in the UK had cross-border exposures far greater than banks in Germany and France, according to data from the Bank for International Settlements. Big international banks use London for large syndicate loans that ultimately go to foreign clients. The City also attracts assets to support trading and liquidity management at banks that range from the UK’s Barclays to big US invest ....

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