TIL that up until the 1980s, all major UK banks had to have their head offices within a 10 minute walk of the Bank of England. This was so that in the event of a financial crisis, the heads of each bank could easily be assembled.
https://www.bbc.com/news/business-37751599
#til #todayilearned
https://www.reddit.com/r/todayilearned/comments/1g45c1c/til_that_up_until_the_1980s_all_major_uk_banks/
https://www.bbc.com/news/business-37751599
#til #todayilearned
https://www.reddit.com/r/todayilearned/comments/1g45c1c/til_that_up_until_the_1980s_all_major_uk_banks/
How the Big Bang changed the City of London for ever
Thirty years ago in a single day Big Bang deregulated the City of London, creating a financial sector many believe can withstand anything Brexit can throw at it.Jamie Robertson (BBC News)
