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The City of London publishes a World Cities Financial Centres Report ostensibly to assess where it stands in relation to the rest of the world.
NYC is number 2 with Chicago and Boston also included in the top ten.
The City of London publishes a World Cities Financial Centres Report ostensibly to assess where it stands in relation to the rest of the world.
NYC is number 2 with Chicago and Boston also included in the top ten.
I'm just suprised Tokyo is down at 15th! I've always thought of it as third beind New York and London.
I agree. I think this "study" is pretty suspect. Let's see, the City of London decides that London is the world's top financial center, even ahead of NYC, while London's main rival, Paris, is 19th?? I don't think so.
The fact that Boston is in their top 10 brings the list into serious question. Boston would be at the bottom of the top 10 in North America alone.
CSFB, Bain Capital, FleetBoston, etc. Boston is a major financial player.
City of London is the hedge fund and private equity capital; it has surpassed NYC within the past 5-10 years.
Edit: this list is not about stock markets, it's about m&a and private equity financial deals, as well as banking. Tokyo is not heavily involved in this area.
John Hancock, fidelity, Liberty Mutual, Putnum and state street to that list.
If anyone of you can find another source that puts Boston in the top 10 world financial centers(a source outside Boston), I'll eat my fist! As much has you want it be true doesn't make it so. It's above Tokyo and Paris?. Give me a break!
If anyone of you can find another source that puts Boston in the top 10 world financial centers(a source outside Boston), I'll eat my fist! As much has you want it be true doesn't make it so. It's above Tokyo and Paris?. Give me a break!
lol what if the source is from 1850? lol relax we know boston is not a world financial hub.
This "list" is a major hoot! There are some cities I've barely heard of on it! Denver probably ranks higher than some of them.
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