The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

<b>Financial centres - Miami spice</b>

    Headline: Financial centres - Miami spice
Source: Euromoney
Date: March 2000
Author: Antony Currie

It might surprise people to learn that Miami is now vying with Chicago to be the largest financial and business centre in the US after New York. It's an ambitious aim for a city whose two major financial districts are so small that it takes just a few minutes to walk through either of them. But Miami is luring international banks and all types of businesses, from delivery companies such as UPS and FedEx, technology companies such as IBM, to the dot coms. All view Miami as the staging post for their Latin American operations. Antony Currie reports

One of the standing jokes about Miami is that, as the northernmost point of Latin America, it's the region's closest city to the US. In fact, it's becoming more important politically, being the venue for recent negotiations between Honduras and Nicaragua.

As far as legitimate business was concerned, this was hardly a bonus until the late 1980s at the very earliest. Trade finance was conducted in Miami, and private banking took off towards the end of the 1970s, but not much else.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree