evolution/origin of Banking

Banking

mankind has always been seeking security and protection.This need has led him to scientific and tecological development on one hand and banking development on the other.

In modern times the banking has become so necessary that if is excluded from any economic system the whole business and economic world will collapse like house of cards

In this banking development the services of three groups of persons cannot be ignored

1.Money Lender

2.Merchants

3. Glod smiths

The bank of venice is perhaps the frist ever regular bank in the banking history and was established in 1157 followed by these banks as under:

Bank of Barcelona in 1401

Bank of Genoa(Italy) in 1407

Bank of Amsterdam in 1609

Foreign Banks in Pakistan
Foreign Banks work after the approval of Government of pakistan and the provine the same services,which commercial banks provide in the country.These banks play very vital role in maintaining foreign reserves...

Banking in the News

Bankers meet with telcos, UID to spread bankingBusiness Standard India10 hours ago
With a view to spread the reach of banking, bankers will meet telecom industry and government officials here next week to explore the marriage of mobile phone technology with the proposed citizen identification project.
Crackdown threatens banking sector - BBATiscali12 hours ago
LONDON (Reuters) - The regulatory crackdown on banks could push the sector into a decline similar to the one suffered by its steel and shipbuilding industries, the head of the country's main banking lobby said.
(AFX UK Focus) 2009-12-31 14:06 British crackdown threatens banking sector - BBAInteractive Investor13 hours ago
LONDON, Dec 31 (Reuters) - Britain's regulatory crackdown on banks could push the sector into a decline similar to the one suffered by its steel and shipbuilding industries, the head of the UK's main banking lobby said. The British government risks imposing tougher constraints on its banking industry than other countries, eroding the sector's international competitiveness and potentially forcing ...
Banking: A Crack In The Swiss VaultCBS News32 hours ago
Bradley Birkenfeld Tells 60 Minutes He's The First Swiss Banker Ever To Speak About Secretive World of Swiss Banking
Banking ranks get slimmer in SW FloridaThe News-Press21 hours ago
The ranks of Southwest Florida's banking industry were thinner by the end of 2009, decimated by failures that resulted mainly from ill-considered...
The UK's leading banking association ended 2009 with a bang on Wednesday, accusing authorities of impulsive reforms ...eFinancial News18 hours ago
The UK's leading banking association ended 2009 with a bang on Wednesday, accusing authorities of impulsive reforms that could undermine the UK as a top financial centre and crimp future economic growth.