What is the bank of England?

The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government 's banker and debt manager, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank.

When did the bank of London start?

For most of the nineteenth and twentieth centuries the bank had a number of branches in London and other English cities. The first branches opened in 1826 (with impetus provided by the passing of the Country Bankers Act, which for the first time permitted the establishment of joint-stock banks outside London).

Where is the bank of England headquartered?

In the 21st century the bank took on increased responsibility for maintaining and monitoring financial stability in the UK, and it increasingly functions as a statutory regulator. The bank's headquarters have been in London's main financial district, the City of London, since 1694, and on Threadneedle Street since 1734.