Bank junction

Bank junction is a major road junction in the City of London, the historic and financial centre of London, at which nine streets converge on an area where traffic is controlled by traffic lights and give-way lines. It is named after the nearby Bank of England. Located directly underneath the junction is one of the ticket halls of Bank station, one of the busiest stations on the London Underground.

Bank Junction
Bank junction in 2012, viewed from Poultry
Location
City of London
Coordinates51.513433°N 0.089045°W / 51.513433; -0.089045
Roads at
junction		Threadneedle Street, Cornhill, Lombard Street, King William Street, Mansion House Place, Walbrook, Mansion House Street, Queen Victoria Street, Poultry, Prince's Street
Construction
TypeJunction
Maintained byCity of London Corporation
TollsWithin the London congestion charge zone
Location of Bank Junction in the City of London

Street network

The streets which originate at Bank junction are:[1]

King William Street, a major thoroughfare, begins just south of the junction, leading off Lombard Street.

Since May 2017, the junction has been closed to all vehicles except buses and pedal cycles from 7am to 7pm, Monday to Friday, on an experimental basis.[2]

Notable sites

Standing on the northeast corner of Bank junction is the Bank of England, headquartered on Threadneedle Street since 1734 and thus sometimes known by the metonym The Old Lady of Threadneedle Street, or simply The Old Lady. Across Threadneedle Street and nestled in the gap between Cornhill is the commercial centre the Royal Exchange, founded in 1565 by Thomas Gresham, after whom the nearby Gresham Street is named.

Outside the main entrance to the Royal Exchange is an equestrian statue of the Duke of Wellington overlooking Bank junction; it was inaugurated in June 1844. Also in front of the Royal Exchange is the London Troops War Memorial, commemorating those Londoners who served and died in World War I and World War II.

Bank junction pictured on a Sunday in April 1961.

To the south of the junction is Mansion House. This has been the official residence of the Lord Mayor of London since its completion in 1752. Other notable buildings close to Bank junction include the City of London Magistrates' Court on Walbrook, No 1 Poultry, the Worshipful Company of Grocers, off Prince's Street, and the Worshipful Company of Mercers, on Threadneedle Street.

Bank junction is the location of one of London's busiest Underground stations, Bank – also named after the Bank of England. Built in 1900, the interchange station is served by the Central, Northern and Waterloo & City lines, as well as the Docklands Light Railway. The station is connected with Monument, a station served by the Circle and District lines – together the two stations form one of the world's most complex underground train stations.[3]

The closest mainline railway stations are Cannon Street, Fenchurch Street and Liverpool Street.

References
  1. Ordnance Survey mapping
  2. City of London, https://www.cityoflondon.gov.uk/services/transport-and-streets/traffic-management/Pages/Bank-on-safety.aspx
  3. "Bank". Transport for London. Retrieved 9 February 2012.
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