This new Greeks dependent individual banking companies, hence recognized dumps and you will acted just like the representatives regarding the settlement from expense
The 2 prominent particular banks was main financial institutions and you will commercial banking institutions, or chartered banking companies as the latter are known as into the Canada. A main lender for instance the Financial off Canada operates due to the fact an arm of the national , performing the financial coverage , acting as a loan provider off last resource on chartered finance companies, holding dumps away from governments and you will chartered banking institutions, and you can issuing cards or currency .
Brand new chartered finance companies take on dumps on societal and you may extend finance getting commercial, private or other objectives. Almost every other loan providers, labeled as near-finance companies, perform the of those features, however, banking companies may be the merely establishments which can increase or price the basic money also have. In addition to these conventional properties of the banking system, the banks has increasingly relocated to give a wide variety of features instance money banking, globally banking qualities, suggestions running and you will a house operations.
Records
In one of the basic codes regarding legislation, published by Hammurabi, king off Babylon regarding 1792 to 1750 BC, numerous paragraphs had been devoted to banking. By from the 1000 BC, in Babylon the fresh new transfer regarding bank deposits so you’re able to a third party is actually popular, as well as the palace or temple expanded loans from the very own property. (mais…)
