Top 6 Investment Banks in London and New York

Here is a list of the 6 largest financial services companies with investment banking operations headquartered in London and New York by market capitalisation.

1. HSBC, London - $173.5bn / £111.325bn

2. JP Morgan Chase - New York City - $147.27bn / £94.5bn

3. Citigroup, New York City - $108.65bn / $69.7bn

4. Goldman Sachs, New York City - $76.434bn / £49.044bn

5. Barclays, London - $59.6bn / £38.23bn

6. Morgan Stanley, New York City - $36.21bn / £23.23bn

Top 5 Foreign Exchange Institutions in London and New York

Euromoney reports that London and New York account for a massive $2.018 trillion (£1.306 trillion) worth of trading in foreign exchange which accounts for 50.7% of global turnover. Of the total amount of foreign exchange traded in London and New York, more than 67% is traded in London which makes The City the world capital for foreign exchange trading. Most FOREX trading is undertaken by the global institutions. Here is a list of the top 5 London and New York headquartered participants in foreign exchange trading and their percentage of overall activity (source Euromoney FX survey FX poll 2010)

1. Barclays Capital, London - 11.08%

2. Citi, New York City - 7.69%

3. JP Morgan, New York City - 6.35%

4. HSBC, London - 4.55%

5. Goldman Sachs, New York City - 4.28%