– including UK-based chip designer Arm, which chose New York – narrowed the US financial centre’s lead, which it has held since 2018.with 763 points, based on surveys of 147 factors covering 121 centres provided by third parties, including the World Bank and the United Nations.
“US centres performed well, with five financial centres in the top 10, reflecting the strength of the US economy,” the survey said. New York also retained its lead in separate fintech rankings, followed by London, which overtook San Francisco. The financial centres’ standing was ranked as it was revealed that the value of mergers and acquisition deals made with UK involvement has fallen to a 14-year low in 2023.
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