Toronto To Overtake London As A Hub For Bankers - Page 5

duff+eglin · March 7th, 2012, 02:21 PM

BTW, here is a short but interesting (I think) podcast that touches on the difference in culture at Canadian vs US banks.

http://media.bloomberg.com/bb/avfile...7O7SgIHA8M.mp3

Start listening around 1/4 to 1/3 of the way through. You can always go back if you want to hear the whole thing. He is an American that works at RBC. I don't know how many people here are interested in this kind of thing but it is somewhat on topic.

oceanmdx · March 7th, 2012, 04:20 PM

Good podcast.

***hkskyline*** · March 7th, 2012, 04:23 PM

Food for thought ... securitization was originally meant to disseminate the risk, rather than keeping it on the balance sheet. In fact, risk was supposed to decrease if I securitize my mortgages and sell them out, but that also means every buyer shares the pain when their value tanks.

Hence, when subprime broke, suddenly a lot of people were in trouble because the risk was all over the economy.

Epi · March 8th, 2012, 10:01 AM

Quote:

Originally Posted by hkskyline

Hence, when subprime broke, suddenly a lot of people were in trouble because the risk was all over the economy.

Everyone except the people 'in the know' like Goldman Sacs which was quietly short-selling subprime securities a long time in advance, while still marketing them (with a commission of course) to anyone who wanted to buy.

Skybean · March 9th, 2012, 04:10 AM

Latest Bloomberg 20 of iBanks

Article here:
http://www.bloomberg.com/news/2012-0...wer-rates.html

isaidso · March 9th, 2012, 11:56 AM

This is one industry still dominated by US firms. 1st, 2nd, 3rd, 4th, 6th, 16th, 17th, and 18th!

jerseyboi · March 23rd, 2012, 09:48 PM

London is still number 1

http://www.longfinance.net/Publications/GFCI%2011.pdf

rbt · March 23rd, 2012, 09:51 PM

Quote:

Originally Posted by jerseyboi

London is still number 1

GFCI covers a lot more than just banker count.

jerseyboi · March 23rd, 2012, 10:00 PM

Jersey doing well toooooooo

Still number one offshore!

http://www.longfinance.net/Publications/GFCI%2011.pdf

isaidso · March 24th, 2012, 01:09 AM

Quote:

Originally Posted by rbt

GFCI covers a lot more than just banker count.

Seems like he's intent on posting financial services rankings any way.

***Taller, Better*** · March 24th, 2012, 05:54 AM

Quote:

Originally Posted by jerseyboi

London is still number 1

I have full confidence that it always will be number one on any study coming out of London for at least the next century. For ever and ever!

oceanmdx · March 25th, 2012, 04:37 AM

Quote:

Originally Posted by Taller, Better

I have full confidence that it always will be number one on any study coming out of London for at least the next century. For ever and ever!

Dedicated to London's preeminence.

***Taller, Better*** · March 25th, 2012, 08:05 AM

I've a tear in my eye over that one.....

Skybean · May 3rd, 2012, 02:32 AM

Quote:

Canadians Dominate World’s 10 Strongest Banks
By Doug Alexander and Sean B. Pasternak - May 2, 2012 5:00 PM ET
Bloomberg Markets Magazine

Banks from Citigroup Inc. (C) in the U.S. to BNP Paribas SA (BNP) in France are racing to shed assets and raise money ahead of new global capital rules that start taking effect in 2015. For Canadian lenders, these moves have created the opportunity to go on a shopping spree.

Canada’s six largest banks have spent $37.8 billion since 2008 on about 100 acquisitions at home and abroad, Bloomberg Markets magazine reports in its June issue.

http://www.bloomberg.com/news/2012-0...est-banks.html

edited by Taller, Better
quotation shortened.

***Taller, Better*** · May 3rd, 2012, 09:08 AM

Again, let's please remember not to quote entire articles; just snippets. Thanks.

ACT7 · May 22nd, 2012, 06:18 AM

Didn't know where else to put this post so I'm throwing it in here. Aon Hewitt released it's lowest risk cities in the world to employ, redeploy and recruit workers. NYC was first, Toronto, second, yadda, yadda, yadda. So another day, another ranking, but here's what struck me the most as the oddest part of the study...

Quote:

Toronto and Montreal are among the five lowest risk cities primarily due to Canada’s strict enforcement of equal opportunity laws, clear government-mandated health and retirement benefits, low levels of corruption, and the high quality and broad availability of training facilities. While Toronto has low employment and redeployment risk, the city’s recruitment risks are higher than the other top five cities because of its relatively small working age population and lower immigration rates.

Low immigration rates??? Am I missing something?

Here's the link to full article: http://www.dailymarkets.com/stock/20...to-aon-hewitt/

isaidso · May 22nd, 2012, 10:59 AM

That is weird.

ladyscraper · May 22nd, 2012, 05:02 PM

haha low immigration rates!

***Taller, Better*** · May 22nd, 2012, 05:48 PM

That is absolutely bizarre. Makes you wonder how deep they studied.

ACT7 · May 22nd, 2012, 07:56 PM

Maybe they ran a parallel study with Toronto Ohio and comingled some data

March 7th, 2012, 04:23 PM	#83
*hkskyline* Hong Kong Join Date: Sep 2002 Posts: 71,053 Likes (Received): 838	Food for thought ... securitization was originally meant to disseminate the risk, rather than keeping it on the balance sheet. In fact, risk was supposed to decrease if I securitize my mortgages and sell them out, but that also means every buyer shares the pain when their value tanks. Hence, when subprime broke, suddenly a lot of people were in trouble because the risk was all over the economy. __________________ Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries World Photo Gallery - \| New York \| London \| Egypt \| Dubai \| Shanghai \| Xian \| Tokyo \| Kyoto \| Prague Beijing, Seoul, Taipei, Mumbai, Iceland, Sydney, Rocky Mountains, Toronto, and much more!

March 9th, 2012, 04:10 AM	#85
Skybean 天豆 Join Date: Jun 2004 Location: Toronto Posts: 9,946 Likes (Received): 5	Latest Bloomberg 20 of iBanks Article here: http://www.bloomberg.com/news/2012-0...wer-rates.html __________________ 「My Photos」 ● Hong Kong 1\|2\|3 ● Macau 1 ● London 1 ● New York City 1 「Photo Threads」 ● Flying Over Hong Kong 「City Life Series」 ● Hong Kong ● Shanghai ● Seoul ● Tokyo

March 9th, 2012, 11:56 AM	#86
isaidso the new republic Join Date: Mar 2007 Location: The United Provinces of America Posts: 18,629 Likes (Received): 333	This is one industry still dominated by US firms. 1st, 2nd, 3rd, 4th, 6th, 16th, 17th, and 18th! __________________ World's 1st Baseball Game: June 4th, 1838, Beachville, Ontario, Canada North America's Oldest Pro Football Teams: Toronto Argonauts (1873) and Hamilton Tiger Cats (1869) I started my first photo thread documenting a recent trip to Halifax, Nova Scotia. Have a peek: http://www.skyscrapercity.com/showthread.php?t=724898

March 25th, 2012, 08:05 AM	#93
*Taller, Better* Administrator Join Date: Aug 2005 Location: Toronto Posts: 52,823 Likes (Received): 303	I've a tear in my eye over that one..... __________________ Please visit my photoblog! Montréal \| Mexico \| Niagara-on-the-Lake \| Brazil \| Hamilton aka "The Hammer"! "Fine words butter no parsnips"-17th Century proverb.

May 3rd, 2012, 09:08 AM	#95
*Taller, Better* Administrator Join Date: Aug 2005 Location: Toronto Posts: 52,823 Likes (Received): 303	Again, let's please remember not to quote entire articles; just snippets. Thanks. __________________ Please visit my photoblog! Montréal \| Mexico \| Niagara-on-the-Lake \| Brazil \| Hamilton aka "The Hammer"! "Fine words butter no parsnips"-17th Century proverb.

March 7th, 2012, 02:21 PM	#81
duff+eglin Registered User Join Date: Feb 2006 Posts: 255 Likes (Received): 0	BTW, here is a short but interesting (I think) podcast that touches on the difference in culture at Canadian vs US banks. http://media.bloomberg.com/bb/avfile...7O7SgIHA8M.mp3 Start listening around 1/4 to 1/3 of the way through. You can always go back if you want to hear the whole thing. He is an American that works at RBC. I don't know how many people here are interested in this kind of thing but it is somewhat on topic.

March 7th, 2012, 04:20 PM	#82
oceanmdx Mr. Haney for President Join Date: Dec 2004 Location: Vancouver/Cabo San Lucas Posts: 2,436 Likes (Received): 8	Good podcast.

May 22nd, 2012, 10:59 AM	#97
isaidso the new republic Join Date: Mar 2007 Location: The United Provinces of America Posts: 18,629 Likes (Received): 333	That is weird. __________________ World's 1st Baseball Game: June 4th, 1838, Beachville, Ontario, Canada North America's Oldest Pro Football Teams: Toronto Argonauts (1873) and Hamilton Tiger Cats (1869) I started my first photo thread documenting a recent trip to Halifax, Nova Scotia. Have a peek: http://www.skyscrapercity.com/showthread.php?t=724898

May 22nd, 2012, 05:02 PM	#98
ladyscraper Registered User Join Date: Jun 2006 Location: Toronto Posts: 565 Likes (Received): 1	haha low immigration rates!

May 22nd, 2012, 05:48 PM	#99
*Taller, Better* Administrator Join Date: Aug 2005 Location: Toronto Posts: 52,823 Likes (Received): 303	That is absolutely bizarre. Makes you wonder how deep they studied. __________________ Please visit my photoblog! Montréal \| Mexico \| Niagara-on-the-Lake \| Brazil \| Hamilton aka "The Hammer"! "Fine words butter no parsnips"-17th Century proverb.

May 22nd, 2012, 07:56 PM	#100
ACT7 Registered User Join Date: Oct 2006 Posts: 863 Likes (Received): 4	Maybe they ran a parallel study with Toronto Ohio and comingled some data

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