In the past, growth patterns in the data have been relatively consistent across the globe, which has allowed an easy extrapolation of the BIS numbers. This time, though, quite significant differences have emerged. For instance, the Bank of England’s Joint Standing Committee reports that turnover in London rose by an impressive 54% from a year earlier. Although the figure was slightly distorted because three more banks, Bank of Scotland, NAB and CBA, contributed data, the increase is staggering.
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