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Brexit impact? New York overtakes London as world's top financial centre

Brexit poses the biggest challenge to the City of London's finance industry since the 2007-2009 financial crisis

Reuters  |  London 

New York has overtaken London as the world's most attractive financial centre, a survey said on Wednesday, as Britain's decision to leave the European Union prompts banks to shift jobs out of the city to preserve access to Europe's single market. Brexit poses the biggest challenge to the City of London's finance industry since the 2007-2009 financial crisis, since it might mean banks and insurers lose access to the EU, the world's biggest trading bloc. New York took first place, followed by London, Hong Kong and Singapore in the Z/Yen global financial centres ...

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First Published: Wed, September 12 2018. 16:24 IST
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