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Bank of England
(redirected from The Old Lady of Threadneedle Street)

   Also found in: Financial, Encyclopedia, Wikipedia 0.02 sec.
Bank of England
n
(Economics, Accounting & Finance / Banking & Finance) the central bank of the United Kingdom, which acts as banker to the government and the commercial banks. It is responsible for managing the government's debt and implementing its policy on other monetary matters: established in 1694, nationalized in 1946; in 1997 the government restored the authority to set interest rates to the Bank
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.Bank of England - the central bank of England and WalesBank of England - the central bank of England and Wales
central bank - a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government


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Or as the huge banner draped over the steps of the Old Lady Of Threadneedle Street said: "So Many Battles Against The System And Finally It Ends By Itself.
Its title caught my attention immediately because the number crunchers at the Old Lady of Threadneedle Street contrived to put the words "Financial" and "Stability" in the title of their report.
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" on the part of supervisory staff.
 
 
 
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