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.

Look at other dictionaries:

  • hub — [hʌb] noun [countable] 1. COMMERCE a city or country where there is a lot of business activity because it is central in relation to other places, there are good communications etc: • The city has become a hub for Asian markets and a financial… …   Financial and business terms

  • hub — [ hʌb ] noun count 1. ) the most important place where a particular activity takes place: a telecommunications hub and business center Bombay is the financial hub of India. 2. ) the part at the center of a wheel 3. ) a central airport that… …   Usage of the words and phrases in modern English

  • hub — UK [hʌb] / US noun [countable] Word forms hub : singular hub plural hubs 1) the most important place where a particular activity takes place a telecommunications hub and business centre Bombay is the financial hub of India. 2) the part at the… …   English dictionary

  • 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

  • Hub —   The part of a disk drive which fits into the hole of the diskette and holds it in place while it is rotated in the drive …   International financial encyclopaedia

  • Hub Hole —   The hole in the centre of a floppy disk …   International financial encyclopaedia

  • HUB Zone — HUBZone is a reference to a US Small Business Administration (SBA) program for small companies that operate and employ people in Historically Underutilized Business Zones (HUB Zones). The HUB Zone program was created in response to the HUB Zone… …   Wikipedia

  • Financial Centre — A financial centre is a global city that is a company and business hub, as well as being home to many world famous banks and/or stock exchanges.Financial centres have existed throughout history in ancient centres such as Babylon, Constantinople,… …   Wikipedia

  • Financial District, Toronto — Infobox City name = Financial District subdivision type2 = Country subdivision name2 = Canada subdivision type1 = Province subdivision name1 = Ontario subdivision type = City subdivision name = Toronto image size=275px image caption=View of… …   Wikipedia

  • Financial Portal — A website that provides a variety of financial data and information, acting as an information hub for clients who are individual investors requiring timely financial news and data to make their investment decisions. Financial portals are intended …   Investment dictionary

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