Financial Hub

Financial Hub
A city or region that is considered to be a focal point for the financial services industry. Financial hubs are home to major banks and/or stock exchanges as well as other financial services. They often develop in areas due to externalities, as well as supportive government regulation.

New York's Wall Street is a highly recognizable international financial hub, as it is the location of the New York Stock Exchange and has long been established as a leader in the financial industry. Other cities, such as London and Hong Kong, are also huge financial hubs. A financial hub can improve a company's economy by drawing in more financial transactions and more business.


Investment dictionary. . 2012.

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  • hub — [hʌb] noun [C] 1) the most important place where a particular activity takes place Bombay is the financial hub of India.[/ex] 2) the part at the centre of a wheel 3) a central airport that passengers can fly to from smaller local airports …   Dictionary for writing and speaking English

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