Today, Zurich is the largest city in the Swiss Confederation, the capital of the canton of Zurich, the national political, economic, cultural and transportation center, and the richest city in Europe. The city has been rated as one of the most livable cities in the world by UN-Habitat for many years. Zurich has a population of and an area of 91.9 square kilometers. The city is divided into east and west sides by the Limat River. The West Bank is the old city of Zurich, while the East Bank is the new city of Zurich. Zurich is a major European cultural center, and the Dadaism that emerged in 1916 originated in Zurich, where the International Football Federation is headquartered. Zurich is the representative city of Swiss banking and one of the world's largest financial centers. With the headquarters of more than 120 banks worldwide, more than half of them foreign banks, it is known as the “European billionaire city.”