Financial Centre
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A financial centre is a global city that is a company and business hub, as well as being home to many world famous banks and/or stock exchanges.An international financial centre is a non-specific term of reference usually meant to designate a city as a major participant in international financial markets for the trading of cross-border assets. An international financial centre will usually have at least one significant stock market as well as other financial markets, as well as being subject to a significant presence of international banks.According to the WEF London in the UK has now replaced...
A financial centre is a global city that is a company and business hub, as well as being home to many world famous banks and/or stock exchanges.An international financial centre is a non-specific term of reference usually meant to designate a city as a major participant in international financial markets for the trading of cross-border assets. An international financial centre will usually have at least one significant stock market as well as other financial markets, as well as being subject to a significant presence of international banks.According to the WEF London in the UK has now replaced Wall Street as the centre of the financial world, despite concerns over confidence in both American and European markets due to the recession.
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