Portal:Banks

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The Banks and Banking Portal

The Bank of England, established in 1694

A bank is a financial institution that accepts deposits from the public and creates a demand deposit, while simultaneously making loans. Lending activities can be performed either directly or indirectly through capital markets.

Due to the importance of banks in the financial stability of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords.

Selected banking articles

Selected banks

Did you know...

  • ... that for 70 years, Jerusalem customers have done their banking in an eclectic mansion on Jaffa Road?
  • ... that Alfred Clayton Cole, a director of the Bank of England, said: "during any time of crisis ... all that the Bank is called upon to do is to take care of itself"?
  • ... that the Hanbo scandal, one of South Korea's largest corruption cases, involved presidential aides, a former minister, and top banking executives?
  • ... that during contract bidding for structural steel for New York City's New Lots Line, all three bids were rejected partly because the chief engineer was banking on steel prices falling?
  • ... that a night-time guard at the Bank of the Metropolis once left the bank unprotected when he went out for a drink?
  • ... that £100,000,000 notes known as "Titans" are locked away in the Bank of England?

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In the news

29 July 2020 –
The Central Bank of Brazil announces that it will start producing 200 reais bills starting in August. (G1)
2 July 2020 – Venezuelan presidential crisis
In a case to decide who controls a $2 billion worth of gold from the Central Bank of Venezuela stored in the Bank of England, the High Court of Justice in London rules that the United Kingdom "unequivocally recognises Mr. Guaidó as President of Venezuela", refusing to give Nicolás Maduro access to the gold. (Reuters) (BBC)

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