Bank Junction is a major road junction in the City of London, the historical and financial centre. It is named after the nearby Bank of England. Six streets converge on Bank Junction, where traffic is controlled by traffic lights and give-way lanes. Since May 2017, the junction has been closed to all vehicles except buses and bicycles from 7 a.m. to 7 p.m., Monday to Friday. The building on the right is the Royal Exchange. The original building was officially opened in 1571 by Queen Elizabeth I, who awarded the building its royal title. The Great Fire of London destroyed the original building in 1666; a second complex was built on the site, designed by Edward Jarman and opened in 1669, but that also burned down. The third building, which still stands, was designed by Sir William Tite in the 1840s, and one hopes that this one will not burn down anytime soon.
The Bank of England, on the left side of the old photograph, was originally designed by Sir John Soane and built between 1788 and 1833. The building in the new photograph was designed by Sir Herbert Baker and built between 1925 and 1939, partially replacing the old building. However, Sir John’s outer wall remains in place.