New York takes London's crown as top financial center: Survey

Mar 16 2014, 23:30 IST
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SummaryNew York has knocked London from its position as the world's leading global financial center after seven years.

New York has knocked London from its position as the world's leading global financial center after seven years, according to the Global Financial Centres Index compiled by London-based consultancy Z/Yen. London slipped from the top of the global rankings, scoring 784 against 786 for New York, because a series of own goals had tarnished its reputation, the report said.

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