Field guide · London, United Kingdom

The City of London

The Square Mile — the original European money market.

The City of London — "the Square Mile" — is the historic financial district of London and one of the world's two top-tier global financial centres alongside New York. It hosts the Bank of England, the London Stock Exchange, Lloyd's of London, and the headquarters of most UK-quoted banks and insurers. The City has its own Lord Mayor, Corporation, and police force, all distinct from those of Greater London.

World map showing The City of London, London, United Kingdom (51.5°N 0.1°W) within the Europe financial region.The City of London pinned at 51.5°N 0.1°W; arc connects to the Europe regional hub in London.London51.5°N 0.1°WEUROPEARITHMOS · LOCATION MAP
The City of London · London, United Kingdom51.5°N 0.1°Wregional hub: this district

Origin

The Square Mile traces to Roman Londinium. The Bank of England was founded in 1694 in nearby Mercers' Hall and moved to Threadneedle Street in 1734. Lloyd's started as a coffee house at Tower Street in 1688.

Who works here

  • Bank of England (Threadneedle Street)
  • London Stock Exchange Group (Paternoster Square)
  • Lloyd's of London (1 Lime Street)
  • Big Four accounting firms, Magic Circle law firms
  • European HQs of insurers and asset managers (Schroders, M&G, Legal & General)

Landmarks

  • Bank of England
  • Royal Exchange
  • Lloyd's Building (the Richard Rogers "inside-out" tower)
  • 30 St Mary Axe ("the Gherkin")
  • 22 Bishopsgate, the Leadenhall Building ("the Cheesegrater"), 8 Bishopsgate

Primary exchange

London Stock Exchange· LSE

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