22 events with tag "banking"
1397
ID: 5126
Giovanni di Bicci de' Medici founds Medici Bank - becomes one of Europe's most prosperous financial institutions
ID: 5126
1400
ID: 2170
Medici bank pioneers double-entry bookkeeping for international branches - creating internal law of accounts, foundation for corporate accounting
ID: 2170
1402
ID: 5166
Medici bank opens Rome branch - manages papal finances, becomes most profitable branch
ID: 5166
1414
ID: 5167
Medici bank finances Council of Constance - Giovanni de' Medici accompanies Pope John XXIII
ID: 5167
1421
ID: 100
Giovanni de' Medici's bank uses double-entry bookkeeping to manage branches from London to Constantinople
ID: 100
1435
ID: 5168
Medici bank at peak - branches in Rome, Venice, Geneva, Bruges, London, Avignon, Milan, Pisa
ID: 5168
1464
ID: 5169
Medici bank begins decline under Piero - bad loans to princes, mismanagement by agents
ID: 5169
1467
ID: 2288
Medici bank develops holding company structure - separate partnerships in each city under central control, early corporate group
ID: 2288
1472
ID: 5170
Medici bank's Bruges branch collapses - Tommaso Portinari's loans to Charles the Bold fail
ID: 5170
1594
ID: 2195
Bank of Amsterdam prototype established - public deposit bank with transferable accounts, foundation for modern banking law
ID: 2195
1607
ID: 2200
Bank of Amsterdam officially established - deposits guaranteed by city, accounts transferable by written order, creates commercial money
ID: 2200
1609
ID: 2298
Bank of Amsterdam begins registering partnership agreements - creating public record of partnership terms and partners' authority
ID: 2298
1619
ID: 5116
Banco del Giro founded - Venice creates one of first public banks, manages state debt, influences modern banking
ID: 5116
1694
ID: 2234
Bank of England founded - joint-stock company managing national debt, merger of public and private law
ID: 2234
1913
ID: 1220
Federal Reserve System established: To provide banking stability after repeated financial panics - drives standardization of banking accounting
ID: 1220
1930
ID: 1369
Joseph S. Marcus's Bank of United States collapses in fraud scandal
ID: 1369
1989
ID: 2063
Savings and Loan crisis devastates banking - over 1,000 institutions fail
ID: 2063
1999
ID: 3035
Gramm-Leach-Bliley Act officially repeals Glass-Steagall Act
ID: 3035
2004
ID: 3100
SEC allows investment banks to increase leverage ratios
ID: 3100
2007
ID: 3138
Credit markets freeze as subprime crisis begins
ID: 3138
2010
ID: 3187
Dodd-Frank Act creates additional financial reporting requirements for banks
ID: 3187
2014
ID: 3267
Current Expected Credit Loss (CECL) model introduced requiring banks to recognize loan losses earlier
ID: 3267