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The Republic of Venice organized its first formal public bank in 1587, the Banco della Piazza di Rialto. This followed earlier proposals and the steady collapse during the 16th century of the Republic's private banks. Another public bank, the Banco del Giro, was established in 1619. [1]
The Banco del Giro on Rialto Square by Gabriele Bella (c.1780s), Pinacoteca Querini Stampalia. The Banco del Giro (Venetian: Banco del Ziro), also Banco Giro or Bancogiro, sometimes referred to in English as the Bank of Venice, was a public bank created by the Republic of Venice.
1818 – The first savings bank of Paris was established. [218] 1825 – Panic of 1825 in which 70 UK banks fail; 1862 – To finance the American Civil War, the federal government under U.S. President Abraham Lincoln issued legal tender paper money, called "greenbacks".
Banks established in 1938 (12 P) Banks established in 1939 (11 P) Banks established in 1940 (11 P) Banks established in 1941 (11 P) (previous page)
1097 – Market established on Rialto. [5] 1131 – Church of San Clemente is the first established settlement on the Isola di San Clemente. 1157 – Bank established. [1] 1173 – Rialto Bridge made of wood opened, designed by Nicolò Barattieri. [8] 1204 – Fourth Crusade embarks from Venice. 1228 – Fondaco dei Tedeschi built.
The Republic of Venice was active in the production and trading of salt, salted products, and other products along trade routes established by the salt trade. Venice produced its own salt at Chioggia by the seventh century for trade, but eventually moved on to buying and establishing salt production throughout the Eastern Mediterranean ...
A factor was dispatched to Venice to seek out investment opportunities. He did well and on March 25, 1402, the third branch of the Medici bank was opened. It suffered from some initial mismanagement (by the factor who had previously done so well—he made the fatal mistake of violating the partnership agreement and loaning money to Germans; on a more humane note, he would eventually become a ...
The only part of the bank that did not go into bankruptcy, the mortgage section, became in 1892 the Banco Hipotecario del Uruguay, nationalized in 1912 and still in operation. 1888 Hatton National Bank: Ceylon Sri Lanka: Established in 1888 as the “Hatton Bank” to cater to the flourishing tea industry in the central region of Sri Lanka. [15 ...