Are London’s days as the global financial capital numbered? Have bankers irreparably tarnished the reputation of this premier financial center? Bank of England Governor Mervyn King put it best: “Everyone now understands that something went very wrong with the U.K. banking industry,” he said at a news conference in London on June 29. “From excessive levels of compensation, to shoddy treatment of customers, to a deceitful manipulation of one of the most important interest rates, we can see that we need a real change in the culture of the industry.” Indeed, recent months have seen a trail of financial and…
London: From Global Financial Leader to Global Financial Deceiver
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.