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Financial Center history
Financial Center company history timeline
In Mr Hon’s words, said back in 1972: “In Asia, Singapore now offers the best prospects for developing into a financial centre, if not for the whole of Asia, at least beyond the Southeast Asian or ASEAN region.”
So it started then, and continued through the years when Dr Goh Keng Swee became Chairman (1980-85). But the most important development in this second phase, starting when Dr Goh led the MAS, was the re-orienting of our monetary policy to one centred on the S$ exchange rate.
Of course, the shock doesn’t need to be a war: Spufford (2006) attributes the collapse of the Antwerp money market to a sovereign default by Spain in 1596, which triggered ‘a wave of bankruptcies in Spain itself and in Antwerp’, setting in motion a longer-term decline.
In fact, following the 2008 financial crisis, if the US did not propose appropriate measures to prevent history from repeating itself, New York’s financial status might have been in question as well.
However, since Brexit in 2016, London has consistently fallen behind New York and has even found its position as the European financial capital threatened.
In the index released in March 2020, London’s score plunged by 31 points, the largest drop among the top 20 Western European financial centers.
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Financial Center competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| FORUM Credit Union | 1941 | $47.2M | 200 | 8 |
| Coastal Credit Union | 1967 | $1.6M | 50 | 5 |
| Indiana Members Credit Union | 1956 | $7.5M | 200 | 6 |
| Crane Credit Union | 1955 | $2.8M | 50 | - |
| USPS Federal Credit Union | 1934 | $2.4M | 50 | - |
| Credit Union of America | 1935 | $50.0M | 50 | 8 |
| DATCU | 1936 | $11.0M | 135 | 3 |
| Banco Santander | 1857 | $47.4B | 191,189 | 159 |
| Arab Bank | 1962 | $23.0M | 111 | - |
| Planters Development Bank | 1961 | $69.0M | 3,000 | - |
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Zippia gives an in-depth look into the details of Financial Center, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Financial Center. The employee data is based on information from people who have self-reported their past or current employments at Financial Center. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Financial Center. The data presented on this page does not represent the view of Financial Center and its employees or that of Zippia.
Financial Center may also be known as or be related to FINANCE CENTER FEDERAL CREDI, Finance Center Federal Credit Union, Financial Center and Financial Center First Credit Union.