How Is Bank Of England Different To Other Banks?

Hi guys, dont know where to post this, but I really need to know ASAP. I need to understand how the BOE is different to any other Bank that operates in the UK.
Please only give proper facts.
Thanks guys!

:tsr2:

Reply 1

digitalparadox

Go to their website: www.bankofengland.co.uk

Reply 2

L i b

It is only the Bank of England - or banks authorised by them and holding sums to guarantee (such as Ulster Bank or the Royal Bank of Scotland) - who can print readily accepted paper money in this country.

Although the BofE has many functions that are not bank-like at all, so it's not really worth comparison to normal ones.

Reply 3

yorkshirelass

Something tells me you're applying for an internship with the Bank of England...

Reply 4

stupanico

Its a central bank working in national interest yet has autonomy from govt of the day.

Reply 5

President_Ben

yelwalkietalkie

Something tells me you're applying for an internship with the Bank of England...

Would have thought the deadline had passed ages ago...

Reply 6

WokSz

The BOE works in the interest of the country as a whole. Other private banks, e.g. HSBC, is more interested in individual profit and increasing the firm's revenue. I'm not sure about this but isn't the BOE owned by the gvt?