"Huge" wrote in message
...
"Dave Plowman (News)" writes:
In article ,
Huge wrote:
Hmm. Despite modern systems making communication from any distance
easy, personal contact is still an important thing in business of the
type where trust may be involved. Thinking of City of London type
things.

I fear your thinking is somewhat out of date. Since electronic trading
became the norm, investment banks could literally be anywhere.

Well, the City certainly doesn't seem to be shrinking. Any theories why
not?

Greed. Being close together makes it easy for the bigwigs/traders/etc. to
swap
employers at the drop of a hat. If the banks were spread all over the
country,
it would be much harder. And since what the traders say, goes, they
cluster
together.

You really don't know.