Courtesy of FT.com, here is a link to McKinsey's report commissioned by Mayor Bloomberg to restore NYC's competitiveness in the global arena for financial services. In a winner-take-all economic battle, my emotions lie with London, but rationality encourages my allegiance to NY's continued competitiveness. Thankfully, I don't think the situation is quite such a zero-sum game, especially since NYC finds the greatest volume of its business in domestic concerns and London, in international ones.
Sustaining New York's and the US' Global Financial Services LeadershipI haven't had a chance to skim this yet, but I'm looking forward to paging through it over the next several days.
Warning to those with a slow connection: link opens directly into a 100+ page pdf!