Confidence growing in City: survey

first_img whatsapp KCS-content Sunday 9 January 2011 11:11 pm whatsapp Share CONFIDENCE among City firms is growing on the back of strong business volumes and expectations of rising profitability, a survey shows today.The Confederation of British Industry (CBI) and PwC Financial Services survey paints a picture of steady recovery in the City over the past quarter, brightened by a boom in individual investment that has driven demand for asset managers and securities traders.But in a stark warning to regulators a majority of firms said they would have to invest more in compliance over the coming year and 80 per cent believed the UK was losing its competitive edge as a financial hub.Andrew Gray, UK banking leader at PwC, said bank confidence was at the highest level seen in five years, while interbank business volumes showed a heartening fall in the past three months.“It reflects the fact that banks have done an awful lot to bolster their balance sheets and become self-sustaining over the past year,” he said. Banks remain optimistic about the next quarter’s outlook, despite seeing little change in business volumes and profit falls in the last quarter. Show Comments ▼center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULL Confidence growing in City: survey by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comlast_img

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