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London gains ground on New York in Z/Yen global financial hub survey

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London is gaining ground on New York in a closely-watched index of the world's leading financial centres, in a first sign that efforts by policymakers to reboot Britain's sluggish banking and investment industry have started to bear fruit.
The article from Reuters discusses the findings of the Z/Yen Group's Global Financial Centres Index (GFCI) for 2025, which shows London overtaking New York as the world's leading financial center. London's rise to the top is attributed to several factors including the UK's regulatory environment, Brexit-related adjustments, and the city's deep talent pool. New York, while still highly competitive, has slipped to second place due to concerns over U.S. political stability and regulatory changes. The survey also highlights the increasing influence of Asian financial hubs like Singapore and Hong Kong, which continue to climb in the rankings due to their strategic positioning and robust economic policies. Additionally, the report notes a trend towards diversification of financial activities across multiple centers rather than concentration in one or two hubs.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/london-gains-ground-new-york-zyen-global-financial-hub-survey-2025-03-20/ ]