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New York takes London's crown as top financial center: survey

LONDON (Reuters) - New York has knocked London from its position as the world's leading global financial center after seven years, according to the Global Financial Centres Index compiled by London-based consultancy Z/Yen. London slipped from the top of the global rankings, scoring 784 against 786 for New York, because a series of own goals had tarnished its reputation, the report said.

UPDATE 1-London mayor says EU bank bonus cap helps New York, Singapore

LONDON, Feb 28 (Reuters) - London Mayor Boris Johnson lashed out at a European Union cap on bankers' bonuses on Thursday, warning that the move will shunt banking business away from the City of London and towards Zurich, Singapore and New York. Bankers in Europe face a cap on bonuses as early as next year, following a provisional agreement in Brussels to introduce what would be the world's strictest pay curbs.
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