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Originally Posted by pocketkangaroo
New York because it's the financial capital of the world.
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NY is not the "financial capital of the world" - quit talking crap
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London is the world?s largest international banking Centre, with a 50% share of all European activity. The majority of investment banks are either headquartered or have a major office. Approaching 300, there are more branches and subsidiaries of international banks in London than in any other city in the world.
London is the world?s leading market for internationally-traded insurance
and reinsurance. Gross premiums on the London Market were conservatively estimated at $45bn for 2004.
The London foreign exchange market is the largest in the world, with daily turnover of 31% of the global market - more than New York and Tokyo combined.
London is the world's largest fund management centre, with over $2,460bn of institutional equity holdings.
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