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The City of London's role in illicit financial activity such as money laundering has earned the financial hub sobriquets such as 'The Laundromat' and 'Londongrad'. [110] London's role as the world's dirty money clearing house is well-documented but efforts are being made to clean up through legislation, e.g. authorising unexplained wealth ...
In addition to being the capital city of the United Kingdom, London is one of the world's leading financial centres for international business and commerce and is one of the "command centres" for the global economy. [8] [9] [10] London is the most populous region, urban zone and metropolitan area in the United Kingdom. [11]
London and Paris were the world's only prominent financial centres throughout most of the 19th century. [14]: 1 After 1870, Berlin and New York grew to become major financial centres mainly serving their national economies. An array of smaller international financial centres found market niches, such as Amsterdam, Brussels, Zurich, and Geneva.
The effects of Big Bang were dramatic, with London's place as a financial capital decisively strengthened, to the point where in 2006 it was arguably the world's most important financial centre. [3] [4] The boom resulted in the relocation of institutions into new developments in the nearby Isle of Dogs area, particularly that of Canary Wharf.
Belize City was the capital of Belize's predecessor, British Honduras. Berlin Germany: Europe: Bonn was the capital of West Germany and remained the seat of government for reunified Germany until 1999, and is still the primary seat of six ministries. See also Capital of Germany. Bern (de facto) Switzerland: Bishkek Kyrgyzstan: Asia: Bissau ...
The Global Financial Centres Index (GFCI) ranks the competitiveness of financial centres based on over 29,000 assessments from an online questionnaire and over 100 indices from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD), and the Economist Intelligence Unit. The first index was ...
London [c] is the capital and largest city [d] of both England and the United Kingdom, with a population of 8,866,180 in 2022. [2] Its wider metropolitan area is the largest in Western Europe, with a population of 14.9 million. [7]
England's capital houses the City of London, a major financial district, and one of the world's leading financial centres. The City of London is a major business and financial centre, [83] and the Bank of England is headquartered in the City of London. Throughout the 19th century, the City of London was the world's primary business centre, and ...