Japanese jump on big bandwagon. (Japanese banking operations in London)

JAPANESE JUMP ON BIG BANDWAGON

For all the players learning the new rules of London’s financial services industry, Big Bang has become big bandwagon. The established houses have rushed (with very few, if very notable, exceptions) to form alliances and newcomers have queued to join all the markets for which they are eligible. It has given a bright glow to the property and personnel market, and sent all but the smartest financial institutions into a technological skid.