TECH EFFECT: Hollywood Bank Shootout

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The True Story of Che Guevara  >>>

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PERFECT CRIMES (PART 8)

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bank

Financial institution that uses funds deposited with it to lend money to companies or individuals, and also provides financial services to its customers. The first banks opened in Italy and Cataluña around 1400.

In 1900, half of the world's top ten banks were British; by 1950, the dominant banking nation had become the USA, with half of the world's top ten banks based there. In terms of assets, seven of the world's top ten banks in 1988 were Japanese.

A central bank (in the UK, the Bank of England) issues currency for the government, in order to provide cash for circulation and exchange. Commercial banks in the UK attract customers to deposit money with them mainly by offering either money transmission services, such as a cheque service, or interest on the money deposited, or some combination of the two. Banks are the single most important source of loans and overdrafts for companies.


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1776: United States declares independence
After a decade of economic conflict with Great Britain, the 13 colonies answer King George III's... More >
 
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Ancient Chinese Sports

Ancient Chinese Sports

Catapulting viewers into a sporting world that few knew existed, a world that thrived centuries... More >

Sat 4 Jul 9.00pm

The Plague (Part 2 of 2)

The Plague (Part 2 of 2)

In 1437, the worst biological disaster in history swept... More >

Sat 4 Jul 10.00pm