Lombard street bagehot6/11/2023 18th-century map of the area.ġ829, the General Post Office was located here and in 1691, Edward Lloyd moved After the expulsion of the Jews, the Lombards (mostly merchants from Genoa, Lucca, Florence, and Venice) were invited by Edward the 1 st to provide banking services and given land in the vicinity of this street, which was thus named. The name, which most likely is also linked to that of the Ward of Langbourne, dates to the 1300s. Cornhill, Lombard Street and King William Street, looking east, 1837. However, it remains quite narrow, up to St. The Western end was altered after the opening of King William Street. Originally a “gently meandering”, narrow street it leads from the Mansion House towards Gracechurch Street where it overlays an ancient Roman road that continues into Fenchurch Street). Lombard Street (and Cornhill) looking east before 19th-century changes in the street plan. Up to the 1960s, many major banks were still headquartered there. Bagehot wrote that “ The briefest and truest way of describing Lombard Street is to say that it is by far the greatest combination of economical power and economical delicacy that the world has ever seen.” A Bankers Almanac of 1895 counts no fewer that 27 separate banking institutions with offices registered at Lombard Street. Lombard Street is perhaps the single most iconic address in the City of London, synonymous with banking and providing the title for Walter Bagehot’s seminal 1873 work on the money market.
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