Housing
According to at Least One Index, New York Has Overtaken London As the World's Leading Financial Center
A first in the seven-year history of the Global Financial Centres list.
The global financial system is undergoing subtle but significant changes, according to the latest edition of the Global Financial Centres Index, a measure of the overall competitiveness of the world's leading cities for finance.
The list, assembled biannually, is produced by Z/Yen Group. And for the first time in its seven-year history, New York City has overtaken London as the world's leading financial center (though only by two points, which the authors do note is "statistically insignificant"). It also edged out competitors like Hong Kong, Singapore, Zurich, and Frankfurt by far wider margins.