London retains its title as the top international finance centre in the world, although New York’s stock market capitalisation is almost four times that of the UK capital. Meanwhile, Johannesburg has made the most dramatic of advances up the rankings, jumping 18 places to rank 17th.
Caribbean lenders seem to be finally emerging from a difficult few years, with both aggregate Tier 1 capital and assets rising. Profitability remains largely unchanged, however, with some banks making significant gains while others remain in the red.