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City of London

City of London Stumbles In Its Own Ranking of Finance Centers

There are plenty of worries in the City of London that other financial centers are catching up. Now its own league table appears to confirm those fears.

New York shares the top spot with London as the world’s leading hub, a report Thursday by the City of London Corp. shows. The research, which benchmarks the competitiveness of financial centers across 95 metrics, found that other hubs like Frankfurt and Paris also boosted their attractiveness at a faster pace than London, whose score increased by only one point.