Financial Clusters

586 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
586
On SlideShare
0
From Embeds
0
Number of Embeds
22
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Financial Clusters

  1. 1. approximately 200,000 people within this area  work in the finance cluster alone This city has been recognized as “Canada’s  national centre for financial services” The fix largest banks in Canada have their  headquarters located in Toronto as well as approximately 80% of foreign banks headquarters operating in Canada http://www.toronto.ca/invest-in-toronto/pdf/finance.pdf http://www.toronto.ca/business_publications/finance_review.htm
  2. 2. Royal Bank of Canada   Toronto-Dominion Canada Trust  The Bank of Nova Scotia  Bank of Montreal  Canadian Imperial Bank of Commerce  National Bank of Canada
  3. 3. Banks   Credit agencies  Security dealers  Insurance
  4. 4. In 2004 employment in the financial services  alone was 515,000 workers, which is approximately 7.3% of the total private sector employment within New York. New York’s financial cluster has hundreds of  banking companies much unlike the Toronto financial cluster only having about 6 major players. With so many different banking companies the  city must be sure to regulate the financial services cluster to prevent any corrupt and or unethical behavior from occurring.
  5. 5. Banking and Credit Intermediation   SecuritiesDealing and Brokerage  Insurance  Trusts and Other Financial Vehicles
  6. 6. The financial services industry workforce  in Chicago consists of 167,000 employees, second only to New York City.  there are a total of 10 institutions within the surrounding Chicago area alone.

×