Bank

Bankingbankerbanking systembanking industrybankersbanksbank executiveinternational bankingBanking servicesforeign bank
A bank is a financial institution that accepts deposits from the public and creates credit.wikipedia
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History of banking

banking historymodern bankingbanker
In the history of banking, a number of banking dynasties – notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds – have played a central role over many centuries.
The history of banking began with the first prototype banks which were the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities.

List of banking families

banking familybankersbanking and political families
In the history of banking, a number of banking dynasties – notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds – have played a central role over many centuries.
Banking families are families which have been involved in banking for multiple generations, in the modern era generally as owners or co-owners of banks, often named for their families.

Fugger

FuggersFugger familyJohann Fugger
In the history of banking, a number of banking dynasties – notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds – have played a central role over many centuries.
Fugger is a German bourgeois 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.

Italian Renaissance

Renaissance ItalyRenaissanceFlorentine Renaissance
Banking in its modern sense evolved in the 14th century in the prosperous cities of Renaissance Italy but in many ways was a continuation of ideas and concepts of credit and lending that had their roots in the ancient world.
Florence, one of the several city-states of the peninsula, rose to economic prominence by providing credit for European monarchs and laying down the groundwork for capitalism and banking.

Rothschild family

RothschildRothschildsRothschild banking family
In the history of banking, a number of banking dynasties – notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds – have played a central role over many centuries.
The Rothschild family is a wealthy Jewish family descending from Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s.

Welser

Welser familya rich family of the old German nobilityMarkus Welser
In the history of banking, a number of banking dynasties – notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds – have played a central role over many centuries.
Welser was a German banking and merchant family, originally a patrician family from Augsburg, that rose to great prominence in international high finance in the 16th century as financiers of Charles V, Holy Roman Emperor.

Berenberg family

Berenberg-Gossler banking dynastyBerenberg banking dynastyBerenberg-Gossler-Seyler banking dynasty
In the history of banking, a number of banking dynasties – notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds – have played a central role over many centuries.
The Berenberg family (Dutch for "bear mountain") was a Flemish-origined Hanseatic family of merchants, bankers and senators in Hamburg, with branches in London, Livorno and other European cities.

Financial institution

financial institutionsbanking institutionfinance company
A bank is a financial institution that accepts deposits from the public and creates credit.

Minimum capital requirement

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, known as the Basel Accords.
Academics, practitioners, and regulators all recognise and agree that capital is required for banks to operate smoothly because capital provides protection.

Medici Bank

Banco MedicibankBank of Venice
One of the most famous Italian banks was the Medici Bank, set up by Giovanni di Bicci de' Medici in 1397.
A notable contribution to the professions of banking and accounting pioneered by the Medici Bank was the improvement of the general ledger system through the development of the double entry system of tracking debits and credits or deposits and withdrawals.

Bardi family

BardiBardisHouse of Bardi
The Bardi and Peruzzi families dominated banking in 14th-century Florence, establishing branches in many other parts of Europe.
The Bardi family were an influential Florentine family that started the powerful banking company Compagnia dei Bardi.

Bank of Saint George

Banco di San GiorgioBanco di S. GiorgioBank of St. George
The earliest known state deposit bank, Banco di San Giorgio (Bank of St. George), was founded in 1407 at Genoa, Italy.
It was one of the oldest chartered banks in Europe and of the world.

Bureau de change

currency exchangebureaux de changeforeign currency exchange
Lenders in ancient Greece and during the Roman Empire added two important innovations: they accepted deposits and changed money.
A bureau de change is often located at a bank, at a travel agent, airport, main railway station or large stores—namely, anywhere there is likely to be a market for people needing to convert currency.

Banknote

paper moneybanknotespaper currency
Modern banking practices, including fractional reserve banking and the issue of banknotes, emerged in the 17th and 18th centuries.
A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable promissory note, made by a bank, payable to the bearer on demand.

Private banking

private bankGlobal Wealth Managementprivate banker
Activities undertaken by banks include personal banking, corporate banking, investment banking, private banking, transaction banking, insurance, consumer finance, foreign exchange trading, commodity trading, trading in equities, futures and options trading and money market trading.
Private banking is banking, investment and other financial services provided by banks to high-net-worth individuals (HNWIs) with high levels of income or sizable assets.

Retail banking

Consumer bankingretail bankRetail
Activities undertaken by banks include personal banking, corporate banking, investment banking, private banking, transaction banking, insurance, consumer finance, foreign exchange trading, commodity trading, trading in equities, futures and options trading and money market trading. The oldest existing retail bank is Banca Monte dei Paschi di Siena, while the oldest existing merchant bank is Berenberg Bank.
Retail banking, also known as consumer banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking.

Deposit (finance)

depositsdepositdepositor
Gradually the goldsmiths began to lend the money out on behalf of the depositor, which led to the development of modern banking practices; promissory notes (which evolved into banknotes) were issued for money deposited as a loan to the goldsmith.
A deposit is the act of placing cash (or cash equivalents) with some entity, most commonly with a financial institution such as a bank.

Goldsmith

goldsmithinggoldsmithsgold
Merchants started to store their gold with the goldsmiths of London, who possessed private vaults, and charged a fee for that service.
At least in Europe, goldsmiths increasingly performed many of the functions now regarded as part of banking, especially providing custody of valuable items and currency exchange, though they were usually restrained from lending at interest, which was regarded as usury.

Mobile banking

mobilemobile phone-based money transferMobile-Banking
Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a smartphone or tablet.

Basel Accords

Basel AccordBasel Capital AccordsBasel
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, known as the Basel Accords.
The Basel Accords is a set of recommendations for regulations in the banking industry.

Telephone banking

telephonephonebanking by telephone
Telephone banking is a service provided by a bank or other financial institution, that enables customers to perform over the telephone a range of financial transactions which do not involve cash or Financial instruments (such as cheques), without the need to visit a bank branch or [[automated teller machine|ATM].

Branch (banking)

branchesbranchbranch offices
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (including a brokerage firm) offers a wide array of face-to-face and automated services to its customers.

Gramm–Leach–Bliley Act

Gramm-Leach-Bliley ActGLBAFinancial Services Modernization Act
It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company.

Transaction banking

transaction bank
Activities undertaken by banks include personal banking, corporate banking, investment banking, private banking, transaction banking, insurance, consumer finance, foreign exchange trading, commodity trading, trading in equities, futures and options trading and money market trading.
Transaction Banking (TB) can be defined as the set of instruments and services that a bank offers to trading partners to financially support their reciprocal exchanges of goods (e.g.trade), monetary flows (e.g., cash), or commercial papers (e.g., exchanges).

Stock market

equity marketstock marketsstock
Activities undertaken by banks include personal banking, corporate banking, investment banking, private banking, transaction banking, insurance, consumer finance, foreign exchange trading, commodity trading, trading in equities, futures and options trading and money market trading.
Participants in the stock market range from small individual stock investors to larger investors, who can be based anywhere in the world, and may include banks, insurance companies, pension funds and hedge funds.