The High Court has lifted an order giving anonymity to a killer who committed "exceptionally horrific crimes".
The murderer known as "M" can now be publicly revealed as triple child killer David McGreavy, who impaled the corpses of his victims on railings.
McGreavy, now 62, was jailed for life in 1973 for killing the children he was babysitting at a house in Gillam Street, Worcester, and is one of the nation's most notorious and longest-serving inmates.
The gagging order was made because of fears that the killer's own life was in jeopardy.
Justice Secretary Chris Grayling and media organisations said it was legally flawed and wrongly prevented the public from knowing all the facts of the case.
"The full facts are exceptionally horrific by even the standard of murders," said their counsel, Guy Vassall-Adams.
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He demanded the money after placing a carrier bag containing what appeared to be a heavy object on the counter.
Closures will be in place on the Aston Expressway, Park Circus and Salford Circus. There will be some full weekend closures and diversions.
West Midlands Police have said specially trained police negotiators are speaking with the woman to try and talk her down to safety.