REUTERS/Yuri Gripas
- Z/Yen global financial centers index: New York overtakes London as the world's global financial hub.
- Brexit is seen as hurting London's global position.
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.
Since Britain voted to leave the EU more than two years ago, some of the world’s most powerful finance companies in London have been searching for a way to preserve the existing cross-border flow of trading after it leaves the bloc in 2019.
See the rest of the story at Business Insider
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