London and New York topped the rankings as biggest financial centers.
New York and London have been ranked as the joint-top global financial centres, according to research published by the City of London Corporation. New York, which was previously second to London, was rated as a better place to do banking business than six months ago, while London’s rating fell. The City warned that “damage had been done” to London’s competitiveness. Bankers have previously warned that tougher regulation of UK banks could push the industry abroad. – From BBC