Major events in banking history
- Florentine banking — The Medicis and Pittis among others.
- Knights Templar- earliest Euro wide /
- Banknotes — Introduction of paper money.
- 1602 - First joint-stock company, the Dutch East India Company founded.
- 1720 - The South Sea Bubble and John Law's Mississippi Scheme, which caused a European financial crisis and forced many bankers out of business.
- 1781 - The Bank of North America was found by the Continental Congress.
- 1800 - Rothschild family founds Euro wide banking.
- 1930-33 In the wake of the Wall Street Crash of 1929, 9,000 banks close, wiping out a third of the money supply in the
- 2008 - Washington Mutual collapses. It was the largest bank failure in history.
Oldest private banks
- Monte dei Paschi di Siena 1472 - present, the oldest surviving bank in the world. Founded in 1472 by the Magistrate of the city state of
- C. Hoare & Co founded 1672
- Barclays, which was founded by John Freame and Thomas Gould in 1690[6] and renamed to Barclays by Freame's son-in-law, James Barclay, in 1736
- Rothschild family 1700 - present
- Wegelin & Co. Private Bankers 1741 - present, the oldest Swiss bank, founded in 1741 in St. Gallen, third largest private bank in
- Hope & Co., founded in 1762
For French banking history, read the History of banks in France (in English or in French) on the FBF website.
Oldest national banks
- Bank of Sweden — The rise of the national banks, began operations in 1668
- Bank of England — The evolution of modern central banking policies, established in 1694
- Bank of America — The invention of centralized check and payment processing technology
- Swiss banking
- United States Banking
- The Pennsylvania Land Bank, founded in 1723 and receiving the support of Benjamin Franklin who wrote "Modest Enquiry into the Nature and Necessity of a Paper Currency" in 1729[1].
- Imperial Bank of Persia (
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