London still dominates European finance

Way ahead: London’s financial district can be seen as people walk along the south side of the River Thames. The city has a dominant role in Europe as a hub for banking. ― Reuters

LONDON: Paris and Frankfurt have their work cut out if they’re going to seriously challenge the City of London.

That’s the conclusion of an analysis by London-based think tank New Financial, which found five times more international financial activity in the United Kingdom than France or Germany.