Tuesday, June 24, 2008

Time to buy the yuan and rupee then

City 'must move to stay ahead'

London will lose its status as the world's top financial centre unless urgent action is taken, Boris Johnson's new City adviser says today. Bob Wigley, a senior Merrill Lynch banker and leader of a new protection squad assembled by the Mayor, has warned that changes are needed to prevent complacency and keep the capital at the top of its game. He says his team, comprising London's most important finance chiefs, will look at expanding markets in the Middle East and other international centres to measure the City's success.

Posted by landedgentry @ 01:49 PM (702 views)
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2 thoughts on “Time to buy the yuan and rupee then

  • whiteknight says:

    Open Report

    Move location determined: Siberia.

    Close Report

    Build something else.

    Reply
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  • Complacency? The City went from triumphalism to despair with no period of complacency in between.

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