Revenue from European investment banking and bank accounts set up in this manner rose by 37 per cent in 2006.

Total revenue stood at $22.8 billion (£11.5 billion) and half of European investment activity is via European investment, according to International Financial Services London.

Moreover, the UK was responsible for 27 per cent of investment banking fees or around $6.3 billion.

The body says that there was a “global increase of investment banking fee revenue from $53 billion in 2005 to $69 billion in 2006″.

Further, the pace of revenues generated from European investment banking also matched those of the US, the findings state.

Overall, half of the $69 billion in fees are accounted for by the US, while a third came from Europe and 17 per cent from Asia.

London is now considered the world’s financial capital and 340,000 people work in financial services across the City of London.

Let us see what opportunities arise to help us all grow wealtier together.