Briefings

Week InReview: March 31, 2023

It's a tie.

London, NYC tied as world's top financial center. Photo: Hollie Adams | Bloomberg

London has lost its sole lead as the world's top global financial center, according to research by the City of London Corporation that will add to concerns over the competitiveness of the Square Mile. London and New York have tied for the top spot, according to benchmarking data by the City's governing body. This marks the first year that the UK capital has not been the clear leader as other financial centers have grown faster.

 

— Financial Times

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