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Banker
A bank is a financial institution that accepts Deposit account, 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. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, 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 accounting liquidity, 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 o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 BCE in Assyria, India and Sumer. 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 show evidences 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, Dodd, Mea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rothschild Family
The Rothschild family ( , ) is a wealthy Ashkenazi Jews, Ashkenazi Jewish noble banking family originally from Frankfurt. The family's documented history starts in 16th-century Frankfurt; its name is derived from the family house, Rothschild, built by Isaak Elchanan Bacharach in Frankfurt in 1567. The family rose to prominence with Mayer Amschel Rothschild (1744–1812), a Court Jew, court factor to the German Landgraviate of Hesse-Kassel, Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s. Unlike most previous court factors, Rothschild managed to bequeath his wealth and established an international List of banking families, banking family through his five sons, who established businesses in Paris, Frankfurt, London, Vienna, and Naples. The family was elevated to nobility, noble rank in the Holy Roman Empire and the United Kingdom. The only subsisting branches of the family are the French and British one ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom, it is the world's second oldest central bank. The bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. In 1998 it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. In the 21st century the bank took on increased responsibility for maintaining and monitoring financial stability in the UK, and it increasingly functions as a statutory Financial regulation, regulator. The bank's headquarters have been in London's main financial di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berenberg Family
The Berenberg family (Dutch language, Dutch for "bear mountain") was a Flanders, Flemish-origined Hanseaten (class), Hanseatic family of merchants, bankers and senators in Hamburg, with branches in London, Livorno and other European cities. The family was descended from the brothers Hans and Paul Berenberg from Antwerp (province), Antwerp, who came as Protestant refugees to the Free imperial city, city-republic of Hamburg following the Fall of Antwerp in 1585 and who established what is now Berenberg Bank in Hamburg in 1590. The Berenbergs were originally cloth merchants and became involved in merchant banking in the 17th century. Having existed continuously since 1590, Berenberg Bank is the world's oldest surviving merchant bank. The Berenberg banking family became extinct in the male line with Elisabeth Berenberg (1749–1822); she was married to Johann Hinrich Gossler, who became a co-owner of the bank in 1769. From the late 18th century, the Gossler family, as owners of Bere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional-reserve Banking
Fractional-reserve banking is the system of banking in all countries worldwide, under which banks that take deposits from the public keep only part of their deposit liabilities in liquid assets as a reserve, typically lending the remainder to borrowers. Bank reserves are held as cash in the bank or as balances in the bank's account at the central bank. Fractional-reserve banking differs from the hypothetical alternative model, full-reserve banking, in which banks would keep all depositor funds on hand as reserves. The country's central bank may determine a minimum amount that banks must hold in reserves, called the "reserve requirement" or "reserve ratio". Most commercial banks hold more than this minimum amount as excess reserves. Some countries, e.g. the core Anglosphere countries of the United States, the United Kingdom, Canada, Australia, and New Zealand, and the three Scandinavian countries, do not impose reserve requirements at all. Bank deposits are usually of a rel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banking Families
Banking families are families that have been involved in banking for multiple generations, generally in the modern era as owners or co-owners of banks, which are often named after their families. Banking families have been important in the history of banking, especially before the 20th century. Banking families have existed and continue to exist in numerous countries. Antiquity *House of Egibi of Mesopotamia *Murashu family of Mesopotamia Modern See also * Private bank * Private banking References {{DEFAULTSORT:Banking families Banking families Lists of families, Banking Banking-related lists, Families ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bardi Family
The House of Bardi was an influential Florence, Florentine family that started the powerful banking company Compagnia dei Bardi. In the 14th century the Bardis lent Edward III of England 900,000 Florin (Italian coin), gold florins, a debt which he failed to repay along with 600,000 florins borrowed from the Peruzzi family, leading to the collapse of both families' banks. During the 15th century the Bardi family continued to operate in various European centres, playing a notable role in financing some of the early voyages of discovery to The Americas, America including those by Christopher Columbus and John Cabot. History The nobility of the Bardi family has been documented since the year 1164, when Emperor Friedrich Barbarossa relinquished the county of Vernio to Count Alberto along with "the right to confer the noble title on his descendents.". Countess Margherita, the last of Alberto's line, sold Vernio to her son-in-law, Piero de' Bardi. Alberto's property included "a castle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Of Medici
The House of Medici ( , ; ) was an Italian banking family and political dynasty that first consolidated power in the Republic of Florence under Cosimo de' Medici and his grandson Lorenzo de' Medici, Lorenzo "the Magnificent" during the first half of the 15th century. The family originated in the Mugello region of Tuscany, and prospered gradually in trade until it was able to fund the Medici Bank. This bank was the largest in Europe in the 15th century and facilitated the Medicis' rise to political power in Florence, although they officially remained citizens rather than monarchs until the 16th century. In 1532, the family acquired the hereditary title Duke of Florence. In 1569, the duchy was elevated to the Grand Duchy of Tuscany after territorial expansion. The Medici ruled the Grand Duchy from its inception under the builder Cosimo I de' Medici, Cosimo I until 1737, with the death of Gian Gastone de' Medici, Grand Duke of Tuscany, Gian Gastone de' Medici. The Medici produced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berenberg Bank
Joh. Berenberg, Gossler & Co. Kommanditgesellschaft, KG, commonly known as Berenberg Bank and also branded as simply Berenberg, is a Multinational corporation, multinational full-service private bank, private and merchant bank headquartered in Hamburg, Germany. It is considered the world's oldest merchant bank. It was founded around 1590 by Hans and Paul Berenberg, refugees from Antwerp in the Spanish Netherlands (now Belgium). Their descendants, the Berenberg family, Berenberg and Gossler family, Gossler families, belonged to the ruling elite of Hanseaten (class), Hanseatic merchants of the city-state, city-republic of Hamburg and several family members served in the Senate of Hamburg, city-state's government from 1735. Like many other merchant bankers, the Berenbergs were originally cloth merchants. The company involved itself in shipping, whaling and ship insurance from the late 17th century, and in extensive trade with colonial goods imported from the Americas and Asia. By th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merchant Bank
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage, it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate or finance the production and trade of commodities, hence the name ''merchant''. Few banks today restrict their activities to such a narrow scope. In modern usage in the United States, the term additionally has taken on a more narrow meaning, and refers to a financial institution providing capital to companies in form of share ownership instead of loans. A merchant bank also provides advice on corporate matters to the firms in which they invest. History Merchant banks were the first modern banks. They emerged in the Middle Ages from the Italian grain and cloth merchants community and started to develop in the 11th century during the large E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fugger
The House of Fugger () is a German family that was historically a prominent group of European bankers, members of the fifteenth- and sixteenth-century mercantile patriciate of Augsburg, international mercantile bankers, and venture capitalists. Alongside the Welser family, the Fugger family controlled much of the European economy in the sixteenth century and accumulated enormous wealth. The Fuggers held a near monopoly on the European copper market. This banking family replaced the Medici family who influenced all of Europe during the Renaissance. The Fuggers took over many of the Medicis' assets and their political power and influence. They were closely affiliated with the House of Habsburg whose rise to world power they financed. Unlike the citizenry of their hometown and most other trading patricians of German free imperial cities, such as the Tuchers, they never converted to Lutheranism, as presented in the Augsburg Confession, but rather remained with the Roman Catholi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Basel Accords
The Basel Accords refer to the banking supervision accords (recommendations on banking regulations) issued by the Basel Committee on Banking Supervision (BCBS). Basel I was developed through deliberations among central bankers from major countries. In 1988, the Basel Committee published a set of minimum capital requirements for banks. This is also known as the 1988 Basel Accord, and was enforced by law in the Group of Ten (G-10) countries in 1992. A new set of rules known as Basel II was developed and published in 2004 to supersede the Basel I accords. Basel III was a set of enhancements to in response to the 2008 financial crisis. It does not supersede either Basel I or II but focuses on reforms to the Basel II framework to address specific issues, including related to the risk of a bank run. The Basel Accords have been integrated into the consolidated Basel Framework, which comprises all of the current and forthcoming standards of the Basel Committee on Banking Supervisio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
