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1656 – The first European bank to use banknotes opened in Sweden for private clients, in 1668 the institution converted to a public bank. [212] [213] [214] 1690s – The Massachusetts Bay Colony was the first of the Thirteen Colonies to issue permanently circulating banknotes. 1694 – The Bank of England was founded to supply money to the ...
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 ...
A banking crisis is a financial crisis that affects banking activity. Banking crises include bank runs, which affect single banks; banking panics, which affect many banks; and systemic banking crises, in which a country experiences many defaults and financial institutions and corporations face great difficulties repaying contracts. [1]
A History of Banking in all the Leading Nations, first published in 1896 by The Journal of Commerce, is a four-volume history of banking in North America, Europe, China and Japan. At the time of publication it was described as "the largest and most expensive treatise on banking yet published". [1]
With a history dating back to 1737, Van Lanschot Kempen is the oldest independent bank in the Netherlands, [48] the oldest independent bank in the Benelux [49] [50] and one of the oldest independent banks in the world.
Bank run at the Sparkasse on Mühlendamm, Berlin, 13 July 1931. The European banking crisis of 1931 was a major episode of financial instability that peaked with the collapse of several major banks in Austria and Germany, including Creditanstalt on 11 May 1931, Landesbank der Rheinprovinz on 11 July 1931, and Danat-Bank on 13 July 1931.
In exchange for banking services, the Swiss government charges "a low, lump-sum option on the money they bank", after which Swiss tax authorities consider client tax burdens "settled". [161] After the Banking Law of 1934 was passed, Swiss bankers traveled across Europe to advertise the country's banking secrecy during World War II. [7]
The European Association for Banking and Financial History (eabh) is an independent, non-profit association based in Frankfurt am Main.Founded in 1990, eabh aims to promote research on banking history; support the preservation historically valuable archive material of public and private banking institutions; and facilitate dialogue on key challenges and opportunities to the historical study of ...