|
History Of Banking
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 Common Era, BCE in Assyria, India and Sumeria. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting Deposit account, deposits and performing the Bureau de change, change of money. Archaeology from this period in History of China#Ancient China, ancient China and history of India, India also shows evidence of Loan, money lending. Many scholars trace the historical roots of the modern banking system to medieval and Renaissance Italy#Early Modern, Italy, particularly the affluent cities of Florence, Venice and Genoa. The Bardi family, Bardi and Peruzzi Families dominated banking in 14th century Florence, establishing branches in many other parts of Europe.Noble Foster Hoggson, Hoggson, N. F. (1926) ''Banking Through the Ages'', New York, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
