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
Foreign stocks, equity securities issued by companies from other countries are a class of assets of considerable investor interest. But before proceeding to discuss it, let’s define the terminology. The definition of foreign usually refers to securities issued in other countries, i.e., not in the United States. Although this interpretation may differ from dictionary definitions, it is in this sense that it is used in the investment world, especially with regard to mutual funds. Continue reading