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What is an Old Lady?

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

How Does an Old Lady Work?

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 Does an Old Lady Matter?

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.

Old Lady

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Paul Tracy
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 3 million monthly readers.