GFCI 11/North American Financial Report (state, largest, places, ranking)
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Toronto area has 2 big financial players something Boston cant compete with
Toronto is the Financial Hub of Canada, no one should imply that they are in the same league. Same way you can't mention Toronto in the same league as Boston when it comes to Higher Education, Medical Research and Technology nor Healthcare.
Just a guess on my part, but I'd think the Hamilton listed above is Hamilton, Bermuda rather than Hamilton, Ontario. Bermuda is like the Caymans and Swizterland regarding advantageous corporate regulations.
Toronto area has 2 big financial players something Boston cant compete with
Are you referring to Royal Bank of Canada and Toronto Dominion? If so, they're far smaller than Boston's major players.
By AUM:
Toronto Dominion: ~$700 billion
RBC: ~$765 billion
(Boston's major players)
State Street Bank: $2.010 trillion
Fidelity Investments: $1.5 trillion
I believe State Street is the second largest asset manager in the world, only trailing BlackRock. There are several other major players in Boston's finance scene, and its private equity sector is third in the world, behind only NYC and London.
I would argue that the only reason Toronto is ranked ahead of Boston in this regard is because of it being the most important city in Canada.
Impressive growth from Washington. If current trends remain, we'll be soaring past Boston and San Fran sometime soon.
Is this the LATEST report? The report before this when San Fran overtook Boston appears to be undone by this one. LOL
Washington has been doing this for awhile...I'm not so sure it's going to soar past Boston or SF anytime soon. Boston and SF both have massive institutions (State Street, Wells Fargo, Fidelity, Charles Schwab, among many others...both are very good in private equity/venture capital). Washington can't say the same...and most of the reason Washington is seeing its role in financial services increased is due to a larger government presence in the arena.
As someone suggested before me, any less government interaction on Wall Street will have Washington tumbling a bit...which is a good thing. The government isn't supposed to be participating in the market so much.
Washington has been doing this for awhile...I'm not so sure it's going to soar past Boston or SF anytime soon. Boston and SF both have massive institutions (State Street, Wells Fargo, Fidelity, Charles Schwab, among many others...both are very good in private equity/venture capital). Washington can't say the same...and most of the reason Washington is seeing its role in financial services increased is due to a larger government presence in the arena.
As someone suggested before me, any less government interaction on Wall Street will have Washington tumbling a bit...which is a good thing. The government isn't supposed to be participating in the market so much.
Mostly agree on the last statement
Just curious. Are all cities included. While not a top player am suprised by many places ranked here ahead of Philly; it has a decent amount pf activity and would be curious where it would rank on these indices. Honestly to me and maybe has changed very recently would be more significant than DC; though maybe the recent govt entry into public so to speak has chaged this
Impressive growth from Washington. If current trends remain, we'll be soaring past Boston and San Fran sometime soon.
Is this the LATEST report? The report before this when San Fran overtook Boston appears to be undone by this one. LOL
shhh dont tell Montclair I think he argued with TMAC for a few days on this; many he can un argue more likely will now blow up the logic on the most recent results...
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