Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

Old Lady

What it is:

In the banking world, Old Lady is a nickname for the Bank of England. The full nickname is "Old Lady of Threadneedle Street."

How it works (Example):

The Bank of England is the United Kingdom's central bank, meaning that it is a bank for banks and works closely with the government's treasury.

Why it Matters:

The Bank of England was founded in 1694. The nickname first appeared in a caption to a political cartoon by James Gillray, published in 1797. It depicts the prime minister trying to woo the bank, which took the form of a money-clad old lady.