New York overtakes London as top financial center; Brexit blamed


LONDON (Reuters) – New York has overtaken London as the world’s most attractive financial center, 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.

The skyline of midtown Manhattan in New York City is seen from the United Nations headquarters in New York City, New York, U.S., July 20, 2018. REUTERS/Brendan McDermid

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…



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