Big Bang News
London's Big Bang at 25, origin of today's financial universe
Twenty five years ago, digital clock leaves flipped over to 9 a.m. and the London Stock Exchange opened to computerised trading in a deregulatory coup that transformed British investment banking -- the "Big Bang". Banks with long histories but small balance sheets were bought up by foreign firms, creating investment banking as it is today: giants that advise on mergers and takeovers and raise capital,
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