Why Mamdani’s New York has to fight to retain its crown
With Singapore, London and Dubai doing more to attract talent, the world’s premier financial hub is finding out its title is contestable
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NEW York is still the world’s premier financial centre. It is also, for the first time in a long while, a centre that has to act as if the title is contestable – because it is.
The most recent Global Financial Centres Index, published in March, kept New York in first place. But just a single rating point separates it from London. Hong Kong sits one behind London. Singapore is one behind Hong Kong.
Four cities, separated by what amounts to a rounding error.
