Drawn to the light

Article Abstract:

Some 561 overseas banks are located in London, England, an increase of 100 since 1987. Banking institutions from the Far East and the US have moved into London partly because it is a significant centre for fund management capital and also due to the increasing interest in the European equity markets. Around 75% of the 478 of banks in the UK receiving deposits are linked to foreign financial institutions. Many of the banks are looking to extend their businesses and are actively searching for larger premises. Banks from overseas are also investing in UK financial institutions.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Industry Overview, Foreign operations, Banks (Finance), London, England, Financial institutions, England, Foreign banks

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Making a mark

Article Abstract:

DePfa plans to achieve a post-tax return of 12% for its shareholders, by the year 2001. To reach their goal DePfa have moved into the UK development funding market rather than remain solely in financing long-term investments. DePfa are planning to invest 245 million pounds sterling in the Wales City Project. They have also purchased the 13 acre London Bridge City site in London, England. Depfa are very aware of not competing for sites with their customers. DePfa has extend its Germany operation, as a mortgage bank, into several other European nations.

United Kingdom, Bank investments, Company Profile, DePfa Bank

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Principal financiers

Article Abstract:

Nomura International chief executive Guy Hands says that the company's part ownership of the UK Ministry of Defence properties came about because it believed that house prices would appreciate in value. The Japanese bank uses its own capital for occasional investment projects but tends to arrange value-added financial services third parties, including government agencies or large corporations. Hands is well respected within the industry and has been with Nomura International for two years.

Officials and employees, Finance, Interview, Hands, Guy, Syndicates (Finance), Nomura International Finance

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