New York widens lead over London in finance index

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New York has extended its lead among the world's top financial centres, with runner up London losing ground to increasingly competitive rivals in the US and Asia.

The index from think tank Z/Yen Group in partnership with the China Development Institute showed the US financial capital holding the top spot with 759 points, down three points from six months ago.

London's ranking has become closely watched since Britain's departure from the European Union, which largely cut off the UK financial sector from the bloc. Brexit led to calls from banks for Britain to bolster the capital's competitiveness, with listing rules already eased.

 

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