global financial capital News

New York replaced London as the world’s leading financial center for the first time, after the U.K. capital was rocked by a series of scandals and questions over the U.K.’s place in the European Union. New York holds the top …

London’s financial services center would lose access to the wider European Union should Britain quit the bloc, the EU’s justice chief said on Monday, warning that such a move would reduce its status to that of an offshore center. Viviane …