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%

Top 10 Largest Companies in London and NYC by Market Capitalisation

A list of the top ten largest companies with headquarters in London and New York by market capitalisation. The total value of just these top ten titanic companies exceeds an astonishing $1.2 trillion (£750 billion) split almost equally between London and New York (source: market data digital outlook close: 22/11/2010)

1. HSBC, London - $184,311m (£115,628m)

2. JP Morgan Chase, New York City - $149,604 (£93,834m)

3. Pfizer, New York City - $132,885m (£83,349m)

4. BP, London - $129,109m (£80,997m)

5. Citigroup, New York City - $121,430m (£76,168m)

6. Shell, London* - $113,210m (£71,020m)

7. Phillip Morris International, New York City - $107,235m (£67,263m)

8. Glaxosmithkline, London - $103,304m (£64,807m)

9. BHP Billiton, London** - $81,543m (£51,159m)

10. Goldman Sachs, New York City - $81,495m (£51,118m)

*Royal Dutch Shell shares headquarters with The Hague, Netherlands

**BHP Billiton shares headquarters with Melbourne, Australia