Bank of England


Bank of England

Central bank of Britain, headquartered in London. Incorporated by act of Parliament in 1694, it soon became the largest and most prestigious financial institution in England. It did not assume the responsibilities of a central bank until the 19th century, and it was privately owned until 1946, when it was nationalized.

This entry comes from Encyclopædia Britannica Concise.
For the full entry on Bank of England, visit Britannica.com.

Seen & Heard

What made you look up Bank of England? Please tell us what you were reading, watching or discussing that led you here.