18th Nov 2009 by Tobias John Sterling
The equivalent financial district in London to New York's Wall Street is the 'City of London,' commonly referred to as just 'the City' or 'the Square Mile' (it's about one square mile in area). This is the historic center of London, which used to comprise the city in its entirety, but now is just a small (but obviously, important) part of this huge metropolis. London's financial district has always been located in this area, and all of the most important financial institutions, such as the Bank of England and the London Stock Exchange, are there. Most people who work in the City work in the financial services sector. Since the early 1990s London has had a second financial district a few miles away at Canary Wharf. While some banks and other financial services companies are now located there, but the City has retained its status as the true financial center of London.
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