City of London Since 1991 Canary Wharf, a few miles east of the City in Tower Hamlets, has become another centre for London's financial services industry which houses many banks and other institutions formerly located in the Square Mile. Although growth has continued in both locations, and there have been relocations in both directions, the Corporation has come to realise that its planning policies may have been causing financial firms to choose Canary Wharf as a location. Many major global companies have their headquarters in the City, including Aviva, BT Group, Lloyds Banking Group, Old Mutual, Prudential, Schroders, Standard Chartered, and Unilever. A
District of Columbia Financial Control Board traditionally reserved for the city government and responsibility for balancing the District's budget. It could approve or reject the city’s annual budget, its financial plan, and any attempts to spend or borrow in the city’s name. It could review all future and existing city contracts. The Board was expected to approve the Mayor’s appointments to key government positions, including the Chief Financial Officer (CFO), and had the authority to remove such appointees for cause. The Control Board also could disapprove District laws passed by the Council. Congress gave the Control Board four years to balance the District’s budget – a