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Is London still the world’s financial capital?

Amid all the gloom of a gathering depression and a bout of deflation, is London still the financial capital of the world?

It may not be a useful question to ask especially since all the others have been affected in the same way, and Wall Street practically wiped out.

However, here’s a little bit of nostalgia from this site showing how it was just a few short months ago:

In a survey of financial executives by the Global Financial Centres Index, London scored well ahead of its rivals, and even extended its lead.

London did better than New York on an array of topics, including personnel, business environment, market access, facilities and competitiveness.

The City scored 806 out of 1000, compared with nearest rival New York’s 787. Trailing behind came Hong Kong, Singapore, Zurich and Frankfurt.

Again London is reaffirmed as the world’s financial capital.

You couldn’t make it up.

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