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Bank – financial services and insurance. The city is home to the London Stock Exchange, the United Kingdom's main stock exchange, as well as the Bank of England and Lloyds of London. The City was a centre for modern finance in the 20th century; today it is a global centre for international business and commerce with an emphasis on emerging markets. It has been called "the world's leading financial centre", with most of its growth coming since 1990 (see Financial services industry). Many major corporations are based there, including 21st-century entrants to world banking such as Goldman Sachs Group Inc., Credit Suisse First Boston (now Credit Suisse), UBS AG (now UBS), JPMorgan Chase & Co., Citigroup Inc., Deutsche Bank AG , Barclays plc , HSBC Holdings plc , Morgan Stanley Dean Witter & Co .(Now part of Morgan Stanley)and Merrill Lynch & Co.. In 2006 approximately 450 foreign banks had offices in Canary Wharf alone.