Senior executives at some of the largest U.S. corporations say stringent immigration policies are hurting New York's ability to compete with other financial centers. Investment bank officials say visa issues have forced them to move jobs to other countries. "New York's ability to compete with London, which has much more open immigration, or with the emerging financial capitals in Asia and the Middle East, depends on mobility of talent," said Kathryn Wylde, president of Partnership for New York City.

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