Interesting Facts

The word “bank” is borrowed from Italian, it means “table” or “shop”. In Italy, money changers laid out money in various cities and countries for exchange. Later money changers took money from merchants to save money, and also used their own funds to issue loans and receive interest.
Although Switzerland is currently the country of banks, the first bank was founded in Venice around 1584. This was due to maritime trade routes passing there. Continue reading →