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Evening Standard
Evening Standard
Business
Simon English

Wall Street bank boom shows gulf between New York and The City

City Wall Street United Kingdom Barclays HSBC JP Morgan London Peel Hunt United States

WALL Street bank giants today kicked off the latest reporting season with the figures that give a painful demonstration of the gap between the present status of New York and London as financial centres.

They reported profits of billions that should translate to high tax revenues for the US government – and tasty bonuses for New York bankers.

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