London Only Behind New York as Top Global Financial Hub in New Rankings; Frankfurt Overtakes Paris for 3rd in Europe
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London ranks 2nd globally as a financial hub, only behind New York. Geneva enters the top 10, now ranking 10th.
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Frankfurt has overtaken Paris to become the 3rd top European financial center, aided by Germany's strong regulatory environment.
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The US dominates with 5 of the top 10 spots, but China also has centers in the top 20.
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Germany has the most European cities in the top 50, with 5. The UK has 2, with Edinburgh at 34th.
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A city's reputation, business environment, economic freedom and low corruption strongly correlate with its competitiveness as a financial hub.