Workers walk past clocks showing a time of 12 minutes past 12 noon, on this century's last sequential date, in a plaza in the Canary Wharf business district of London December 12, 2012. REUTERS/Toby Melville
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As memories fade of the 1 trillion pounds ($1.5 trillion) of U.K. taxpayer support given to banks amid the 2008 crisis, this year the government has backed down on some issues after lobbying from the BBA, while HSBC Holdings Plc has said it may leave London.Compared with 35,000 jobs losses and a 12 percent fall in U.K. banking assets in the past four years, assets in the U.S. have grown by the same percentage, while in Singapore and Hong Kong they have climbed by 24 percent and 34 percent respectively.From 2010 to 2014, the wholesale market share of the top five European banks fell to 24 percent from 26 percent, whereas the share of the top five U.S. banks has risen to 48 percent from 44 percent, the BBA said.
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