Job vacancies in financial services are increasing faster in the north of England than in London, while they have "stalled" in Scotland, according to a new study.
Liverpool, York, Manchester and Leeds have all seen big rises, while vacancies in the capital have fallen by 4% over the past two years, said recruitment firm BrightPool.
Recruitment in financial services has stalled in Scotland, with jobs falling in Edinburgh, said the report.
Moving more back and middle-office jobs out of London to the regions is a key part of efforts to improve cost-to-income ratios.
There are big savings to be made in both property and staff costs. Financial services employment growth in the regions is rapidly outpacing that of London - that is a clear reversal of the trend before the credit crunch, when higher returns on capital meant staff costs were not such a concern.
– Angela Hickmore, managing director at BrightPool