New York replaces London as world’s top financial centre due to Brexit, survey says


London has been replaced by New York as the world’s most attractive financial centre, a survey has indicated, as Brexitprompts banks to shift jobs out of the city to keep access to Europe’s single market.

Britain’s decision to leave the EU poses the biggest challenge to the City of London‘s finance industry since the 2007-2009 global crisis, since it may mean banks and insurers lose access to 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 index, which ranks 100 centres on factors such as infrastructure and access to quality staff…

Read more : The Independent,  12.09.2018