Young people Sector overviews Banking Banking Banking and finance is the economic heartbeat of modern life. Almost everyone has a bank account of some description and most people are familiar with retail banking, but banking and finance in London covers so much more. On behalf of their customers, who tend to be companies, governments and institutional investors like pension funds, London’s finance professionals trade a variety of products, investing in order to grow and manage wealth.Top facts 1694 – the year The Bank of England was founded. 90 – The number of applications per vacancy for roles in banking or financial services £36,000 – the median graduate starting salary in banking and finance. Find out about the law sector.