search query: @indexterm Financial centres / total: 120
reference: 62 / 120
| Author: | McDougall, R. |
| Title: | Home, home on the range. |
| Journal: | Banker
1987 : DEC, VOL. 137:742, p. 18-20 |
| Index terms: | BANKS USA ECONOMIC CRISIS FINANCIAL CENTRES |
| Language: | eng |
| Abstract: | Chicago is the third largest and the fastest growing financial center in the US. About a quarter million people are working in financial services and related fields, the financial system is fully developed. The local economic boom is over, one of the biggest Chicago- based banks, Continental Illinois was badly shaken, and now the LDC debt crisis affects the Big Seven. As a lesson, the banks are deregulated, banks may have retail deposits, they can buy up other banks, even outside of Illinois. Chicago's banks are retrenching internationally and looking to a firmer home base. |
SCIMA