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  • Key Takeaways
    The Old Lady, or the Old Lady of Threadneedle Street, is a colloquial nickname for the Bank of England
    This nickname originates from a 1797 satirical cartoon regarding the suspension of gold redemption under the Restriction Act of 1797
    The nickname has since appeared in cartoons, newspapers, books, and common usage to refer to the Bank
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  • It has had the nickname ‘The Old Lady of Threadneedle Street’ – or simply ‘The Old Lady’ which dates back to a cartoon published in 1797 by James Gillray.
  • But was there really an old lady of Threadneedle Street and what had she to do with Banking? There was indeed an old lady…Sarah Whitehead was her name.
  • Whilst it’s not clear to whom the original name Old Lady of Threadneedle Street pertained to, if anyone, but the caricature of 1797 by Gillray, relates to...
  • It has been suggested that Gilray was obliquely referring to Sheridan’s description of the B Bank as ‘an elderly lady in the City’ during a speech in the Commons.
  • Primarily heard in UK. You can try all you want, but you won't get a penny from the Old Lady of Threadneedle Street.
  • the Old Lady of Threadneedle Street. A nickname for the Bank of England (which is located on Threadneedle Street in London). Primarily heard in UK.
  • NOTE: The article initially said it was playwright Richard Brinsley Sheridan who first coined the phrase Old Lady of Threadneedle Street.
  • The street is also home to London quarters of the oldest merchant bank in the world – Berenberg Bank, situated at 60 Threadneedle St.
  • The bank itself is sometimes known as 'the Old Lady of Threadneedle Street' and has been based at its current location since 1734.