NYC, London, Hong Kong Status as Finance Capitals Threatened

London’s Canary Wharf.

Photographer: Simon Dawson/Bloomberg

As global finance leaders take a fresh look this year at the hubs that have long been their homes, they’re increasingly seeing high costs and political chaos.

Amid a work-from-home boom spawned by the Covid-19 pandemic, those headwinds threaten to redraw the global map of where money is raised and made. In New York, Goldman Sachs Group Inc. and Moelis & Co. may soon see key moneymakers heading to Florida, moves that highlight the high taxes and expenses in their hometown. Meanwhile, Brexit is peeling away assets and talent from London,