- published: 24 Apr 2014
- views: 159976
A financial centre is a location that is home to a cluster of nationally or internationally significant financial services providers such as banks, investment managers or stock exchanges. A prominent financial centre can be described as an international financial centre or a global financial centre and is often also a global city. An offshore financial centre is typically a smaller, low-tax jurisdiction that primarily serves non-residents.
Financial centres are locations with an agglomeration of participants in financial markets and venues for these activities to take place. Participants can include financial intermediaries (such as banks), institutional investors (such as investment managers), as well as central banks. Trading activity may take place on venues such as exchanges and involve clearing houses, although many transactions take place over-the-counter (OTC), that is directly between participants. Financial centres may host companies that offer advisory services, for example relating to mergers and acquisitions, or which participate in other areas of finance, such as private equity and reinsurance.
Coordinates: 41°35′08″N 93°37′31″W / 41.5855°N 93.6252°W / 41.5855; -93.6252
Financial Center is a high-rise building located in the downtown area of Des Moines, Iowa. Completed in 1973 and standing at 345 ft (105m), it was the tallest building in the city and state until the completion of the Ruan Center in 1975, and is currently the fourth tallest.
The building consists mainly of office space and is connected to Des Moines' skywalk system. The ground floor also includes a Walgreens location.