Read the passage below and summarize it using one sentence. Type your response in the box at the bottom of the screen. You have 10 minutes to finish this task. Your response will be judge on the quality of your writing and on how well your response presents the key points in the passage.
Who would have thought back in 1698, as they felled their espressos, that the limited band of stockbrokers from Jonathan’s occasional House in amendment Alley EC3 would be the founder members of what would become the world’s mighty cash capital?
Progress wasn’t entirely swish. The South Sea Bubble burst in 1720 and therefore the occasional house exchanges burned down in 1748. As late as blowup in 1986, once bowler hats were finally adorned up, you would not have bet the farm on London surpassing big apple, Frankfurt and Japanese capital as Mammon’s international nexus. nevertheless, the 325,000 souls WHO operate within the United Kingdom capital’s monetary hub have currently overtaken their big apple rivals in size of the funds managed (including offshore business); they hold seventieth of the world secondary bond market and therefore the town dominates interchange commercialism. And its establishments paid out £9 billion in bonuses in Dec. The square measure has currently unfolded each eastward from EC3 to Canary Wharf and westward into Mayfair, wherever several of the personal equity ‘locusts’ and their hedge fund friends currently hang around.
For foreigners in finance, London is that the place to be. it’s no Sarbanes Oxley and no monetary unit to carry it back, nevertheless, the very fact that it still flies thus high is against the percentages. London is one amongst the foremost pricy cities in the world to measure in, transport systems groan and there isAssociate in Nursing present threat of terrorism. But, for the nonce, the deals simply persevere obtaining larger.
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