Banking Industry
Of the 54 authorised deposit-taking banks with operations in Australia, 44 are based in Sydney. This includes nine of the 11 foreign subsidiary banks in Australia and all of the 29 local branches of foreign banks. Major authorised foreign banks in Sydney include Citigroup, UBS Australia, Mizuho Corporate Bank, HSBC Bank Australia and Deutsche Bank. Other global banks have established highly successful back office operations in Sydney. As of July 2006, of the top 20 global banks, 17 have operations in Sydney.
Read more about this topic: Economy Of Sydney
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