This neighbourhood straddles the area between Threadneedle Street and the London Wall, with Old Broad Street forming its eastern border. Most of the buildings along Throgmorton Avenue and Throgmorton Street are old neoclassical buildings housing large banks or asset management companies such as BlackRock, although there are a few modern glass buildings throughout the area, such as 60 Threadneedle Street. At the centre of the area is Austin Friars, a relatively quieter area compared to the hustle and bustle of Bank junction. The street of Austin Friars gets its name from an Augustinian Priory that once existed in the area. Originally built by Humphrey de Bohun, Constable of England, in 1253, it was extended over a century later in 1354. The priory was attacked during the Peasants’ Revolt, but its real death came about when King Henry VIII dissolved the monasteries.The area would later come under the ownership of Sir William Paulet, who built a large townhouse there. Since then, this neighbourhood would be destroyed and rebuilt again and again following events such as the Great Fire of London, which destroyed a house previously owned by Thomas Cromwell, industrialisation and the Blitz.

Throgmorton Street was named after Sir Nicholas Throckmorton, who was a member of the household of Catherine Parr, last wife of King Henry VIII. He became chamberlain of the exchequer under Queen Elizabeth I as well as chief banker (the street is close to the Bank of England) and was at one point an ambassador in France. Throckmorton was said to have been poisoned by Dudley, Earl of Leicester, a favourite of Queen Elizabeth.

Drapers’ Hall is located on Throgmorton Avenue. The present structure was built by a Mr. Jarman, with a slight alteration after a fire in 1774 (and another partial renovation in 1870). It was built to house the Worshipful Company of Drapers (although its more formal name is The Master and Wardens and Brethren and Sisters of the Guild or Fraternity of the Blessed Mary the Virgin of the Mystery of Drapers of the City of London), one of the 110 livery companies of the City of London, and one of the Great Twelve Livery Companies. Though it started as a guild for drapers (a retailer of cloth), today it occupies a mainly philanthropic role, while managing a large portfolio of investment assets.

The area has a distinct lack of green space, being at the centre of the City of London. However, there are a few escapes, such as Finsbury Circus Garden just to the north, as well as St. Botolph-without-Bishopsgate Gardens to the east. Indeed, the City is full of such small retreats, which go largely unnoticed by office workers and tourists alike.

The City of London Corporation has recently limited traffic in the Bank junction, only buses and cyclists can now use the junction from 7am to 7pm, as an effort to make the junction safer for road users. Still the footfall associated with Bank station station alone is enough to congest the area throughout the work day, with the recently expanded Liverpool Street station to the north of this area only adding to the footfall. While there is little space for new development within this postcode, there is still substantial investment in the area. The newly opened 62 storey glass tower just east of here at 22 Bishops gate is just one example of such interest.