In Germany, you have Frankfurt. In Asia, it’s probably Singapore. In the UK, it’s London.

Does the US have one city that is its financial center ? Or is it more spread out among different cities?

38 comments

  5. The biggest financial center by far is New York with Wall Street and the Headquarters of several large banks.

  7. Most big cities have some type of financial center – but the biggest and most well known is New York City, where Wall Street is – the major stock trading area. Chicago has some big commodities trading.

  15. Chicago is the king of commodities trading due to their history of dealing with the agricultural/farming/ranching/natural resources produced in the heartland where Chicago is located. But straight up financial is New York City.

  16. Is this a serious question!?

    **NYC.**

    Its only global match is London.

    Their only global competitors are Hong Kong and Shanghai.

  19. I wonder if it’s the city with Wall Street and the WTC? Surely it can’t be that…

  20. As almost everyone else is saying, it would be NYC.

    > In Asia, it’s probably Singapore.

    Along with Hong Kong and Tokyo.

  21. New York City has the stock exchange and all that

    Fort Knox, Kentucky is supposedly where the federal gold reserve is but most people don’t think about that as a financial center.

  22. NYC (stocks, bonds, investment banking) and Chicago (commodities). Other finance like insuramce is more scattered and regional.

  24. For sure New York City. NYC is actually an international financial center. Ever heard of the New York stock exchange? Wall Street?

  26. Since the US is the size of the continent of Europe, roughly, it could be argued it has several. New York is where the stock exchange is located and most of the investment banks do their thing, much like Frankfurt.

    The state of California has become something of the production center of the country, however, and has a GDP that is larger than that of Germany. Los Angeles engages in most of the trade and interaction the country has with Asia through its ports. San Francisco has most of the country’s brokerage firms.

    Chicago has its Mercantile exchange and the Board of Trade.

  29. I find it hard to believe you don’t know about wall street but know about all the others lol

  31. Are you seriously trying to imply that New York City is a smaller financial center that Frankfurt, Germany?!?

  32. New York not only became the US financial center, but the planet’s financial center during WWI when the British Empire (the main global financial hub was London) had to take out millions upon millions of dollars in loans to keep up the war effort. They did this or they would have been basically forced to cannibalize their empire to keep the effort going. With these loans, the transfer of economic power shifted from London to New York.

  33. New York City is one of the major financial centers of the world. Arguably the financial center of the world.

  37. Why is everyone so salty , just say New York and move on, or realise that 10 people have already said it

  38. Uh… New York City…

    It might not count though; it’s less of the United States’ financial center, and more of the ***world’s*** financial center.

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