Why is New York City the 'financial capital of the world'?

Money follows trade - as in physical goods. World's great financial centers are all amazing ports - New York, London, Singapore, Amsterdam, Mumbai, Hong Kong, Tokyo and Shanghai. read more

Money follows trade - as in physical goods. World's great financial centers are all amazing ports - New York, London, Singapore, Amsterdam, Mumbai, Hong Kong, Tokyo and Shanghai. read more

New York has over taken London as the world’s leading financial centre as the City’s reputation has been hurt by banking and market scandals, uncertainty over EU membership and the referendum on Scottish independence. read more

Well it's not so clear. Here's Business Insider UK's best case that it's London, not New York, that deserves the crown. It's One Of The World's Financial Capitals . In terms of stock exchanges, calling London the world's financial capital looks ludicrous. read more