In 2008, most global banks have their principal investment banking operations headquartered in

Question

Quizplus · Accepted Answer

New York City is considered the global financial capital and home to many of the world's largest investment banks, including Goldman Sachs, JPMorgan Chase, and Morgan Stanley. While London is also a major financial center and headquarters for many European banks, the majority of global banks have their principal investment banking operations based in New York City. New York City is considered the global hub for investment banking, with many major banks headquartered there, including Goldman Sachs, JPMorgan Chase, and Citigroup. While London is also a significant center for investment banking, it is not considered to be the primary hub. The home country's financial capital may apply to some banks, but it is not a general trend for most global banks. Tokyo is not a significant player in the global investment banking industry.

In 2008, Most Global Banks Have Their Principal Investment Banking