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New York Boosts Lead on London as Leading Finance Center

New York is extending its lead over London as the world’s most important financial center as the City reels under a string of scandals and question marks over the U.K.’s continued membership of the European Union.

New York was picked for the top spot by 59 percent of respondents, against 38 percent who named London, according to a Kinetic Partners survey of almost 300 finance professionals carried out for the consultancy’s 2015 Global Regulatory Outlook, published today. New York went into the lead last year, when 49 percent named it as the preeminent financial center and 44 percent said London.