Old Lady of Threadneedle Street


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Related to Old Lady of Threadneedle Street: Bank of England

Old Lady of Threadneedle Street

A nickname for the Bank of England. The term is derived from a woman named Sarah Whitehead, who, after her brother's execution for forgery, went to the Bank of England every day to ask to see him. After her death in the mid-1800s, she was buried in a field that later became the Bank's garden. She is said to haunt the Bank.
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References in periodicals archive ?
Some expect the Old Lady of Threadneedle Street to move as early as August this year; others don't expect UK rates to rise until 2012.
Which financial institution is nicknamed the Old Lady of Threadneedle Street? 2.
After all, the Old Lady of Threadneedle Street is nowhere near as adventurous (or rash?) as her US counterpart, the Federal Reserve, which has been slashing rates with the determination of a gardener clearing his plot of an influx of weeds.
The Old Lady of Threadneedle Street is legally immune from being sued for negligence, and the liquidators - accountants Deloitte Touche Tohmatsu - are aiming to prove "bad faith" and dishonesty on the part of supervisory staff.