New York Still the Center of the Financial Universe


Recession notwithstanding, New York has edged out its perennial rival, London, as the financial capital of the world, according to a rather unconvincing poll of Bloomberg's mostly New York–based users:

"Twenty-nine percent of respondents in the quarterly poll of investors, traders and analysts who subscribe to the Bloomberg terminal say New York will be the best place for financial services two years from now. Singapore is chosen by 17 percent of respondents and London is the pick of 16 percent. Shanghai has 11 percent, while Tokyo, once considered a global hub, gets the nod from only 1 percent."

Wait: Where do the other 26 percent see the future of the business taking place? In bunkers with gold bars? Unclear, but hey, at least it's not London!

New York Eclipses London as Financial Center in Bloomberg Poll [Bloomberg]