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The City of London is widely referred to simply as the City (often written as just City and differentiated from the phrase the city of London by capitalising City) and is also colloquially known as the Square Mile, as it is 1.12 sq mi (2.90 km 2) in area.
The City of London is home to the Bank of England, London Stock Exchange, and Lloyd's of London insurance market. Over half of the UK's top 100 listed companies (the FTSE 100) and over 100 of Europe's 500 largest companies have their headquarters in central London.ondon's ancient core, the City of London, largely retains its 1.12-square-mile (2.9 km 2) medieval boundaries and in 2011 had a resident population of 7,375, making it the smallest city in England. Since at least the 19th century, the term London has also referred to the metropolis developed around this core.