PAYMENT SOLUTIONS
• LONDON HAS BEEN A FINANCE AND TRADE HUB SINCE THE MIDDLE AGES
LONDON
As the world ’ s second-largest fintech and financial industry hub , London has history on its side when it comes to size and importance . International trade has been a mainstay of the city since the Middle Ages , while the UK ’ s Central Bank – The Bank of England – is , according to records , also the second oldest bank in the world .
A recent report by the City Of London noted that despite the impact of the pandemic and Brexit , the financial industry remains robust . In 2021 , the UK ’ s financial services exports increased . The trade surplus also remains higher than in all other global financial hubs . The city is also home to over 30 % of Europe ’ s unicorns , and London increased its headquarters ’ share of Fortune Global 500 companies by more than a third . It is also Europe ’ s leading centre for asset management .
Biggest global banks in London
• HSBC
• Lloyds Banking Group
• Royal Bank of Scotland
• Barclays
88 November 2022