In general, the outstanding national or international importance of a location – such as New York, London, Frankfurt, Bombay or Zurich – for the supply of and demand for financial services. Market participants have a preference (for whatever reasons) to do business in that particular place. – In particular, the clustering of financial services institutions in a larger economic area, such as the city of Frankfurt am Main). – In a neighborhood or residential area, a place where institutions offer their services (a retail location in a part of a city where a bank, credit union or other financial institution offers a wide array of face to face and automated services to its customers). – See industry concentration, financial system, multilateral, commandite, redlining.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
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https://www.gerhardmerk.de/