Most Read This Week In Banking
Banking is the study of the business conducted or services offered by a bank.
Most Read This Week Tagged "Banking"
Banking On America: Ho...
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When you need to borrow money the Mob seems like a better deal I think. 'You don't pay me back I break both yer legs.' Is that all? You won't take my house or wreck my credit rating? Fine where do I sign. Legs? Fine. You don't even have to sign anything.
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In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in
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― Debt: The First 5,000 Years
― Debt: The First 5,000 Years
Chelsea Groton Bank of Southeastern Connecticut hosts a Business Book Club meeting monthly at th…more
6 members,
last active 7 years ago
Group for all those interested in reading about banking / investing / business / economics
21 members,
last active 5 years ago
Thought provoking books and discussion for credit union professionals, CUSO professionals, and t…more
1 member,
last active 5 years ago
A group for readers that are employees of Capitec.
2 members,
last active one year ago
