Using the comprehensive statistics available since the mid-seventies, this article reviews international banking in the United Kingdom in the decade to 1985.
- Despite the growth of new competitors, the United Kingdom has retained a leading role in the international banking markets, particularly in eurocurrency activity.
- While the number of banks represented in London has grown considerably, most of the international business continues to be booked by a small number of large banks.
- Developments in London fully reflect the more general expansion of Japanese banks in the international arena, and the corresponding reduction in American banks' involvement.
International banking in London, 1975-85