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Questions tagged [banking]

Questions related to the history of financial institutions accepting deposits from the public, creating credit, and often including lending activities.

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1answer
171 views

Were Cypriots able to pay their bills during the “bail in” of March 2013?

During the Cypriot financial crisis, it seems that a "bank holiday" was announced on March 16 and lasted until March 26, during which time ATM withdrawals were impossible or at least tightly ...
4
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1answer
193 views

When Lehman Brothers collapsed, what happened to their clients?

For example, let's say a teacher held $10,000 in the account and another $10,000 in shares of other companies (LEH acting as a broker). Was the teacher able to get her money back after the Lehman ...
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2answers
156 views

How was money transferred in early 1900s' Russia?

I'm reading Young Stalin by Simon Sebag Montefiore. The book frequently quotes letters between him and fellow revolutionaries, often when he was in internal exile in some obscure corner of Siberia. ...
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2answers
233 views

Why were eighteenth century financial inventions only patentable under French law for 21 months?

This Tontine wikipedia article says, Financial inventions were patentable under French law from January 1791 until September 1792 Why did that practice stop after less than 2 years?
8
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1answer
291 views

Is it true that there was no such thing as a Hispanic-owned bank in the continental USA until 1969?

I was doing some online research on the subject of minority-owned banks in the USA, and I stumbled across this passage on the History page of the website of the National Bankers Association. ...
10
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3answers
942 views

How did the Medici originally get into finance?

I'm trying to find out how the Medici family rose to power. Most sites simply say, "Banking and finance." I'm trying to figure out a bit more specific. How did Cosimo de Medici originally get into ...
10
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2answers
2k views

What was the effect of the Panic of 1837 on financial/banking policy?

Were there any direct or immediate financial/banking policies made because of this recession? I've read that a combination of factors helped get America out of the Panic, but it never mentioned a ...
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2answers
509 views

When did banks start giving interest to depositors?

I was on Wikipedia on Friday and I cant remember how I got to this page but there was a Jewish American banker from Pren, Lithuania, born in 1869, died in 1939 in New York, whose last name began with ...
48
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2answers
7k views

Where did the Romans store their cash?

In the era before banking was invented, where did wealthy Romans store their cash? The emperor probably could store it somewhere in the imperial palace thanks to the Praetorian guard, but what about ...
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0answers
105 views

Why did the Georgia Railroad and Banking Company have a banking company?

I am reading newspapers from Savannah, GA 1842 (Oct. & Nov.) and they often mention the Georgia Railroad and Banking Company (originally called Georgia Railroad Company). I am not understanding ...
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1answer
212 views

What was the first electronic creation of money?

What was the first electronic creation of money? There seems to be some confusion as to what I'm asking. I read about quantitative easing and as far as I can tell that's something different. I'm not ...
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3answers
4k views

Why is Alexander Hamilton considered the father of modern banking?

I've been hearing the phrase recently that Alexander Hamilton is considered the "father of modern banking", but haven't really come up with any explanation or definition that I can really understand ...
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1answer
3k views

What was happening to bank deposits during WW2

I'm curious what was happening with people's money in banks in countries involved in World War Two. Were they frozen, lost or banks were functioning no matter who was currently controlling territory?
2
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1answer
102 views

Which bank was the oldest surviving bank in the world prior to MPS getting that status?

Banca Monte dei Paschi di Siena S.p.A. [...] (MPS) is the oldest surviving bank in the world [...] Wikipedia: 1 (and 2, 3) Assuming that this is correct, and using the same criteria, which was the ...
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1answer
511 views

What is the oldest debt that any country is paying right now, and to whom? [closed]

What is the oldest debt that any country is paying right now, and to whom? To another country, an institution like World Bank, or to private entities? What were the historic causes for the debt? What ...
32
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3answers
124k views

Did Rothschild say this famous quote? If yes, what did he mean by it?

"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild This prominent international banker is commonly quoted this. First, did he actually say it? ...
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4answers
3k views

How did New York become the financial hub of America?

Why did New York become the financial hub of America, rather than one of the other big cities?
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3answers
44k views

What happened to the wealth of the Rothschild banking family? [closed]

The Rothschild family was possibly the richest banking family in human history. Given the power of compounding over time and the large principal sum that they start with, they should easily be the ...
3
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2answers
1k views

How is the oldest bank in Mongolia only 24 years old?

According to Wikipedia, the Trade and Development Bank of Mongolia (http://en.wikipedia.org/wiki/Trade_and_Development_Bank_of_Mongolia) is the oldest bank in Mongolia. This is further supported by a ...
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0answers
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“Napoleon suppressed independent banks” vs. “Monte dei Paschi di Siena”

Wikipedia's article about Bank of Saint George states that: After Napoleon invaded Italy, he suppressed independent banks, and this led to the Bank's closure in 1805. However Monte dei Paschi di ...
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0answers
381 views

What happened to the overseas wealth of the Holocaust Jews?

Hitler confiscated the wealth of Jews in his conquered territories. But what happened to the overseas wealth of the Holocaust Jews? Were they swallowed conveniently by foreign banks/countries ...
4
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1answer
277 views

When did Germany begin to store it's gold deposits abroad? [closed]

I just learned from this question that Germany is storing it's gold reserves around the globe. When did this practice start? What was occurring at that time that drove the decision? And an ...