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New York vs Singapore vs London: Best Financial Center?

Posted By Barry Ritholtz On October 29, 2009 @ 11:42 pm In Finance | Comments Disabled

Fascinating stuff:

“New York has withstood the worst economic crisis in seven decades and remains the leading global financial center, followed by Singapore, which topped London as investors’ preferred place for doing business, according to Bloomberg Global Poll.

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.

I have mixed feelings about this poll: I am thrilled the home team (and my home town) took the top spot, but I am an Anglophile who loves London, and was sorry to see them slip to 3rd.

>

Source:
New York Eclipses London as Financial Center in Bloomberg Poll [1]
Alison Fitzgerald
Bloomberg, Oct. 30 2009

http://www.bloomberg.com/apps/news?pid=20601087&sid=aEC0OYmvvcZM


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[1] New York Eclipses London as Financial Center in Bloomberg Poll: http://www.bloomberg.com/apps/news?pid=20601087&sid=aEC0OYmvvcZM

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