who is the oldest bank in the world
Monte dei Paschi di Siena
title: World Bank text: World Bank The World Bank () is an international financial institution that provides loans to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group. The World Bank's most recent stated goal is the reduction of poverty. As of November 2018, the largest recipients of world bank loans were India ($859 million in 2018) and China ($370 million in 2018), through loans from IBRD. The World Bank is different from the World Bank Group, title: C. Hoare & Co text: C. Hoare & Co C. Hoare & Co. is an English private bank. It is the oldest bank in the United Kingdom and the world's fourth oldest bank. The bank was founded in 1672 by Sir Richard Hoare and remains family-owned; it is currently managed by the 11th generation of Hoare's direct descendants. The bank provides private banking services that include loans, mortgages and savings accounts, as well as tax and estate planning services. The bank's clients typically are high-net-worth individuals and families. C. Hoare and Co. has two branches, located at 37 Fleet Street and 32 Lowndes Street in title: Bank text: prototype banks of merchants of the ancient world, which made grain loans to farmers and traders who carried goods between cities and this system is known as a barter system.This began around 2000 BC in Assyria and Babylonia. Later, in ancient Greece and during the Roman Empire, lenders based in temples made loans and added two important innovations: they accepted deposits and changed money. Archaeology from this period in ancient China and India also shows evidence of money lending activity. The origins of modern banking can be traced to medieval and early Renaissance Italy, to the rich cities in the title: The Bank of New York Mellon text: banking corporations in the United States, and among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Fathers Alexander Hamilton and Aaron Burr. Mellon had been founded in 1869 by the Mellon family of Pittsburgh, which included Secretary of the Treasury Andrew W. Mellon. The first bank in the U.S. was the Bank of North America in Philadelphia, which was chartered by the Continental Congress in 1781; Alexander Hamilton, Thomas Jefferson and Benjamin Franklin were among its founding shareholders. In February 1784, The Massachusetts Bank in Boston was chartered. The title: Banking in Italy text: up by Giovanni di Bicci de' Medici in 1397. The earliest known state deposit bank, Banco di San Giorgio (Bank of St. George), was founded in 1407 at Genoa, Italy, while Banca Monte dei Paschi di Siena, founded in 1472, is the oldest surviving bank in the world. Unicredit is one of the largest bank in Europe by capitalization and Assicurazioni Generali is the seventh in the world by total assets Banking in Italy Banking in Italy has, as of 11 October 2008, an average leverage ratio (assets/liabilities) of 12 to 1, while the banks's short-term liabilities are equal to