Why managers need to be more city-savvy - [management finance]

Engineering managers may well wonder what the rarefied world of corporate finance has to do with them. If managers understand the city,they may well get a firmer grasp on how to survive the credit crunch. What makes the city important to British companies is its huge range of financial services. When companies need foreign exchange, project finance, asset finance, trade finance or syndicated loans where huge funding schemes are involved, the city normally finds solutions.