It is the world\’s fifth largest financial centre, hosting 80,000 registered companies, more than three-quarters of the world\’s hedge funds, and $1.9tn (£1.2tn) on deposit – four times as much as in New York City banks.
I wonder what the definition of \”New York City bank\” is there?
Clearly it\’s not banks that have offices in New York City. I also seriously doubt that it\’s banks with HQs in NYC.
Given that he\’s known to comment around here I wonder if he\’ll tell us?