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The BIS members are central banks of 63 jurisdictions: 34 in Europe, 16 in Asia, 5 in South America, 3 in North America, 3 in Africa, and 2 in Oceania. [ 30 ] [ 31 ] The United States is represented by two members, the United States Federal Reserve System and Federal Reserve Bank of New York .
Amadeo Pietro Giannini (Italian pronunciation: [amaˈdɛːo ˈpjɛːtro dʒanˈniːni]), also known as Amadeo Peter Giannini or A. P. Giannini (May 6, 1870 – June 3, 1949) was an American banker who founded the Bank of Italy, which eventually became Bank of America. Giannini is credited as the inventor of many modern banking practices.
The claim inspired cartographer Martin Waldseemüller to recognize Vespucci's accomplishments in 1507 by applying the Latinized form "America" for the first time to a map showing the New World. Other cartographers followed suit, and by 1538 the tradition of marking the name "America" on maps of the newly discovered continents was secure.
Banca Monte dei Paschi di Siena S.p.A. (Italian pronunciation: [ˈbaŋka ˈmonte dei ˈpaski di ˈsjɛːna]), known as BMPS or just MPS, is an Italian bank.Tracing its history to a mount of piety founded in 1472 (552 years ago) and established in its present form in 1624 (401 years ago), it is the world's oldest bank, and the fifth largest Italian commercial and retail bank.
Banca Commerciale Italiana (BCI, colloquially known as Comit), founded in 1894, was a major Italian bank based in Milan.In 1999, it merged with the group recently formed by the combination of Cassa di Risparmio delle Provincie Lombarde and Banco Ambroveneto to form IntesaBCI, in which BCI temporarily became a sub-holding company.
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Bank of America, formerly known as the Bank of Italy, was founded in San Francisco, California, United States, on October 17, 1904, [1] by Amadeo Pietro Giannini. By 1945, it had grown by a branch banking strategy to become the world's largest commercial bank with 493 branches in California and assets totaling $5 billion.
The institution was established in 1893 from the combination of three major banks in Italy (after the Banca Romana scandal). [ 3 ] [ 4 ] The new central bank first issued banknotes during 1926. [ 5 ] Until 1928, it was directed by a general manager, after this time instead by a governor elected by an internal commission of managers, with a ...