is london or new york the financial capital of the world
Financial centre The Global Financial Centres Index is compiled semi-annually by the London-based British think-tank Z/Yen in conjunction with the Shenzen-based think-tank China Development Institute.[67] London has been the top-ranked centre from the index's inception in 2007, except from March 2014 to September 2015, when New York City led.[67]:7
Bank of America The bank's large market share, business activities, and economic impact has led to numerous lawsuits and investigations regarding both mortgages and financial disclosures dating back to the 2008 financial crisis. Its corporate practices of servicing the middle class and wider banking community has yielded a substantial market share since the early 20th century. As of August 2018, Bank of America has a $313.5 billion market capitalization, making it the 13th largest company in the world. As the sixth largest American public company, it garnered $102.98 billion in sales as of June 2018.[7] Bank of America was named the "World's Best Bank" by the Euromoney Institutional Investor in their 2018 Awards for Excellence.[8]