Business

New York Overtakes London as Top International Financial Hub: Survey

New York has pulled down London to become the world’s most attractive financial destination, according to a survey. (Photo Credit: BEN STANSALL/AFP/Getty Images).

By: Radhakrishna N S

New York has pulled down London to become the world’s most attractive financial destination amid Brexit uncertainties, according to a survey released on Wednesday (12). The twenty-fourth Global Financial Centres Index (GFCI 24) released jointly by the Z/Yen Partners and the China Development Institute (CDI) rates 100 financial centres of the globe. Not for the first time, New York took first place in the index, just two points ahead of London. However, both centres fell slightly in the ratings. Hong Kong is now only three points behind London. Shanghai overtook Tokyo to move into fifth place in the index gaining…

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