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where is the information about banks basically 'creating' money when someone gets a loan? instead of having the actual reserves in the vault, the banks make you sign your car etc. as collateral, then CREATE the debt/loan using only the promise that you will pay it back... Its an IOU scam that every sucker in the world is part of!... Also what about the, I think, INCREDIBLY important fact that those who control the international banks control the way society develops, as THEY have the power to not supply loans to any sector, industry they don't want... Is there anything in wikipedia about economic debt, and how if everyone paid off their loans and never took out another one, there would be NO MORE MONEY...? Just Curious
16:54, 6 June 2007 (UTC)
Only Trading banks and Finance houses create the money they loan. Savings banks and Building societies loan their deposits. —Preceding unsigned comment added by 116.93.134.10 ( talk) 13:45, 9 March 2010 (UTC)
Can this be added: Paul Zane Pilzer says today, approximately 2 million people work in commercial and savings banks throughout the United States... the real benefits they provide... could be just as well performed by two hundred thousand people or less. Most of these 2 million employees work for institutional dinosaurs that would, and should, have become extinct in the 1970s, were it not for the continued government subsidies that their employers receive at our expense. Stars4change ( talk) 07:41, 21 February 2009 (UTC)
The article needs to explain or reference reserves and Fractional Reserve lending. —Preceding unsigned comment added by 71.174.229.241 ( talk) 22:57, 19 September 2008 (UTC)
I think this article is in sad shape. I have subscribed to it and will start to get to know it a little better before helping out. dose anyone been watching this article long enough to have a plan? Anyone know about the tags, specifically, neutrality? NByz ( talk) 06:56, 13 June 2008 (UTC)
Poster from 7-7 at 21:35 here (in archives about the modern banking section). I guess in a way it's (re: banks creating 9x the money they have on deposit) not totally semantically incorrect, but to me it pretty clearly suggests something very wrong. For what it's worth, the article on fractional reserve banking seems to actually be fairly well laid out, so it could be used as a source, or just a link. As to my creditials, I do strategic level finance for a multi-billion dollar bank and I can vouch for the fact that we do actually have one dollar in deposits (or other debt, if we need) for each dollar in loans we make and other assets we own. I think I have a wikipedia account, but I never can remember the info... I guess I should search my email for that. If you wonder want a bank finance guy is doing wandering around Wikipedia, I have a curious mind, and this is the easiest place to scratch the random itch. I can probably devote a little energy to the project if there seems to be a direction to go with it, but not just now. Quarter ends are very hectic.-- 76.186.189.207 ( talk) 02:41, 9 July 2008 (UTC)
The word originated in Italy during the Renaissance. Then, Christians were forbidden by Church law from lending money to one another, but they devised a clever work-around: they enlisted the local Jews who were not bound by Church doctrine. Transactions took place, generally, on park benches during the daytime, when the Jews were permitted to leave the ghettos and venture into the parks. This bench-lending culture provides the name for bank, from the Italian for bench, "banco." The translation holds true for French (banc), Spanish (banco), Portuguese (banco), and German and Dutch "bank."
This account was recently aired on the BBC's programme "The City Uncovered," which described the history and intended function of banks and the financial sector. —Preceding unsigned comment added by Xtrmecars ( talk • contribs) 17:21, 29 January 2009 (UTC)
It's a bit strange that no one has mentioned a russian (slavic?) word "banka" which stands for "container". - edgeArchitect —Preceding unsigned comment added by 68.179.65.201 ( talk) 23:58, 22 December 2010 (UTC)
Wikipedia articles whet our appetite for more in-depth information.
Recommend a good book for the general reader who wants to know something about how the banks of the world got going, and how they've developed? Maybe even how they interact?
Some people, in this age of widespread conspiracy thinking, believe all or most of the world's banks are connected, and maybe even coordinated. Coordinated in a way that yields profit and power to a small number of people. I doubt this, but have no informational grounds for my doubt. Other than it sounds ignorant.
So where do we begin to learn the basic facts about nations and their banks and bankers? Tanemon ( talk) 21:41, 26 August 2008 (UTC)
Banks
Who runs the capitalist system? Banks and financiers are at the top of the pyramid. What do banks do? They use your deposits whether checking or savings, to invest in profitable enterprises to support corporations, to make money on interest on loans and, if international banks, to buy and sell the currencies of nations for profit (in the same manner persons buy corporate stocks) with the added purpose of supporting or endangering nations by buying to raise the currency value or selling to lower it. This gives international banks extraordinary power over all the nations of the world. Arbitrage is the name for this action with which banks make fortunes overnight. Banks have an extraordinary bookkeeping system in which money loaned is figured as money earned plus a system of expanding cash into credits as much as 36 times. An extraordinarily profitable business.
Today's banking is a worldwide system of syndicated banking called Eurobanking, the currency: " Eurodollars." Eurobanks use the currency of all nations and are absolutely independent of any nation in the world. All large "U.S." banks are actually Eurobanks, separate entitles like nations, not affiliated with the United States - Citicorp, Bank of America among them.
Every nation in the world, large or small, owes money to these banks. so the banks control their politics and economies. When a nation lends money to another nation, it merely co-signs the loan. The money actually comes from these banks, and the money lent often goes not to the borrower nation but to the bank to pay the borrower nation's debt to the bank. The needy nation doesn't see a kopek or dime of it. Why did the U.S. lend money to Mexico? To pay money Mexico owed to the banks. Why did we, earlier, lend money to the former Soviet Union states? Because the banks demanded that we do so. Why did the Soviet Union fail? Because the banks set up new rules for international trade with which no socialist nation could cope, and the resulting debt (later paid by the U.S. and other nations of the Group of Seven nations, on the command of the banks) forced the end of the USSR. Why is the world losing its forests? To pay debts nations owe to the banks.
Why do the banks have so much control over nations? Because they control the world's money, and, by "arbitrage" gambling, they can destroy the value of any nation's currency almost overnight, thus destroying the economy of that nation. Therefore when the banks say "Jump," the nations say, "How high?" If not, it's the Big Whammo, a national depression which will hit every business and every person in that nation.
Lgc2008 ( talk) 02:45, 30 September 2008 (UTC)
This is nearly complete false. - Banks don't control politics - politics influence comercial banks instead and current economic crisis is good example of that. Housing bubble was created by FED easy credit polices and FED is quasi-state organization - de facto central bank. (If someone really belives that FED is private, he should educate himself). - Investing in profitable enterprises is actually good. This is also only true statement in whole paragraph. - There are nations without external debt. Usually oil-producing countries. - If loan is used to pay other loan then needy nation sees a kopek of dime of it. Trillions of kopeks and dimes indeed, and makes good use of that (pays former loan). - Soviet Union and other socialist economies failed because collectivism systems are oppresive and inefficient.
Congratulations Lgc2008! I bet you had no idea of the financial system before the crisis of 2008. Go and spread your bullshit somewhere else. —Preceding unsigned comment added by 217.85.210.228 ( talk) 16:31, 13 January 2010 (UTC)
Lgc2008 is totally right! Just read something not from major news you uneducated creature. — Preceding unsigned comment added by 109.110.5.158 ( talk) 14:00, 1 February 2013 (UTC)
I found I kept hanging up and re-reading the last sentence. Of course it doesn't really matter if you end a sentence with a preposition - provided the object is clear! However I think the problem is actually due to a sinful unnecessary "and". This isn't surprising since the whole para is just one sentence.
My feeling is it would help if you had a period after "...substitute for bank loans" and delete the "and" which follows. Then it would read
I'm still not thrilled with the prepositional ending. Maybe it should just be deleted? But that's still not comfortable to me; I thought of "...provide an adequate alternative vehicle." but I'm not comfortable with that either (thinking of the "teen-age African student"). Time for someone else to lend a hand! 81.152.125.65 ( talk) 05:18, 13 October 2008 (UTC)
{{ editsemiprotected}}
The entry states that all FDIC-insured banks in the US are regulated by the FDIC. That is not correct. The FDIC is the deposit insurer for commercial banks, but there are four bank regulators in the US, depending on the type of bank charter (license). The OCC (Comptroller of the Currency) regulates all National banks. The OTS (Office of Thrift Supervision) regulates Federal Savings Banks and Savings and Loan institutions. The FDIC regulates state-chartered banks, and each state maintains regulators that share in the responsibility of regulating state-chartered banks. In addition, many banks are owned by bank holding companies, and bank holding companies are regulated by the Federal Reserve. Further, credit unions are not considered commercial banks, and they are regulated by the NCUA (National Credit Union Association), and their deposits are guaranteed by a separate insurance fund for credit unions only.
{{ editsemiprotected}}
Banks are examined periodically by their primary regulators. Large banks are under constant supervision by examiners who reside in the banks (resident examiners). Smaller banks undergo periodic examinations that occur each six to eighteen months, depending on the size of the bank and the bank's risk profile.—Preceding unsigned comment added by Namruts ( talk • contribs)
The following comment, made about The Mystery of Banking by Murray Rothbard, has been moved here from the article's further reading section. — Error -128 ( talk) 02:16, 14 March 2009 (UTC)
The following passage has been moved here pending verification. Can anyone please provide evidence of a reliable source to which the material may be attributed? Thanks. — Error -128 ( talk) 08:03, 15 March 2009 (UTC)
On another note, we might also use Matthew 25:27. Magog the Ogre ( talk) 03:56, 16 March 2009 (UTC)
Their primary activity is not lending money. Also, I find this article hard to read.-- Chuck Marean 20:38, 9 June 2009 (UTC)
Perhaps include this (slightly modified) quote
Bankers are fellows who lends you their umbrella when the sun is shining, but want them back the minute it begins to rain. -Mark Twain
References
The article states that "the banking industry is a highly regulated industry." Is that not a matter of opinion? —Preceding unsigned comment added by 96.31.104.141 ( talk) 04:44, 8 December 2009 (UTC)
Perhaps there should be a distinct entry which would deal with the concept of bank within a bank, a concept which was involved in several recent banking affairs involving illegal bank transactions. [1] [2] [3] ADM ( talk) 08:46, 13 December 2009 (UTC)
The article does not say how banks were forbidden not long ago as they were a menace to those times system... this article is not very neutral, is it? 87.221.5.191 ( talk) 01:16, 14 January 2010 (UTC)
what r the pprincipals on which the bank functuons????????? —Preceding unsigned comment added by 117.197.50.138 ( talk) 02:46, 14 February 2010 (UTC) interest rate is allow according to requirement Italic text — Preceding unsigned comment added by 39.46.183.128 ( talk) 16:48, 29 April 2018 (UTC)
Many people have predicted the end of money via computers, & so the end of debt-slavery: http://www.realitysandwich.com/end_money ...Mention that? Stars4change ( talk) 19:35, 25 April 2010 (UTC)
A request for comments has been filed concerning the conduct of Jagged 85 ( talk · contribs). Jagged 85 is one of the main contributors to Wikipedia (over 67,000 edits, he's ranked 198 in the number of edits), and practically all of his edits have to do with Islamic science, technology, economy and philosophy. This editor has persistently misused sources here over several years. This editor's contributions are always well provided with citations, but examination of these sources often reveals either a blatant misrepresentation of those sources or a selective interpretation, going beyond any reasonable interpretation of the authors' intent. I searched the page history, and found one edit by Jagged 85 in March 2010. Tobby72 ( talk) 17:03, 8 June 2010 (UTC)
This article is horrendous! It mixes up Retail, Business, and other types of banking, is full of unsourced statements and badly structure. I recommend a total restart. —Preceding unsigned comment added by Rmarsden ( talk • contribs) 00:29, 25 July 2010 (UTC)
This article should be locked. -- Aleksd ( talk) 10:46, 25 November 2011 (UTC)
Please remove all references to fictitious organization MAIC ("Mergers and Acquisitions International Clearinghouse") by IP USER http://en.wikipedia.org/wiki/Special:Contributions/111.68.49.186 from Wikipedia this is a made up organization probably for the purpose of scamming. Its silly to read an article about banks and see it mentioned as an equivalent to GAAP. 74.246.221.201 ( talk) 05:00, 23 July 2012 (UTC)
uglesh takhar — Preceding unsigned comment added by 117.254.219.209 ( talk) 13:04, 28 August 2012 (UTC)
I am concurrently adding a published verifiable reference for the fact that the United States banking industry is heavily regulated, even though this can be easily verified within three minutes on Google (as I just did). The editor challenging that fact is either a troll deliberately picking fights in bad faith, or a young child. Any educated intellectual is well aware of the ridiculously complicated regulatory system governing banks in the United States. If our anonymous troll continues to make trouble, I recommend that any available admin start blocking his/her edits. -- Coolcaesar ( talk) 20:26, 25 November 2012 (UTC)
"Another possible origin of the word is from the Sanskrit words (ब्यय) 'byaya' (expense) and 'onka' (calculation) = byaya-onka. This word still survives in Bangla, which is one of Sanskrit's child languages. ব্যায় + অঙ্ক = ব্যাঙ্ক . Such expense calculations were the biggest part of mathematical treatises written by Indian mathematicians as early as 500 B.C." --Is this verified? I have never seen this etymology given (or proposed) for bank. Leasnam ( talk) 19:57, 8 April 2013 (UTC)
This is how fractional reserve banking is currently defined in the article on banking in wikipedia
Most nations have institutionalised a system known as fractional reserve banking, in which banks hold only a small reserve of the funds deposited and lend out the rest for profit.'
This definition of 'fractional reserve banking is incorrect. The correct definition is as follows: A banking system in which only a fraction of bank deposits are backed by actual cash-on-hand and are available for withdrawal. [1]
Can someone please fix this?
Can someone include a few words in regards to 1.) the Sanskrit/?Old Persian loanword cash and its meaning in the Persian sense as a form of currency - the Daric the first face-coins 2.) Darius and establishment of formal the Banking System 3.) Darius and the Credit and Checking Unions? — Preceding unsigned comment added by Mojobadshah ( talk • contribs) 23:01, 6 February 2016 (UTC)
I noticed you don´t have here a standard but none licit bank protocole called, tying down an account.
The practice forces an7or multiple accounts to be tied down to leverage the loan:cash on hand ratio. All tied down accounts are still used by the/a bank itself for their own investment purposes, no matter if the individual can access the account or not.
One of the policies of certain nations at War, is to tie down accounts of any and all, on the presumption off, purely to leverage their own paper accounting.
Anyone here with more practice in that particular that could add a paragraph? — Preceding unsigned comment added by 190.37.128.210 ( talk) 23:52, 16 January 2017 (UTC)
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@ Reissgo and SPECIFICO: regarding the definition of a bank, as far as I can tell most reliable sources simply define a bank as an institution which takes deposits and makes loans. For example:
Reissgo, it sounds like you know of reliable sources which say differently?— Neil P. Quinn ( talk) 12:42, 14 June 2017 (UTC)
DamnatioMemoirae recently added hundreds of lines of text to this article as their first edit. While the content is sourced, there are numerous issues and the content should stay removed. Significant portions of the added content are copied from https://wiki.mises.org/. There is undue weight to sources with a POV agenda including lewrockwell.com and mises.org, low quality sources including numerous youtube links, and unencyclopedic WP:ESSAY language such as '“So what?”, noble Lords might ask.'. Dialectric ( talk) 15:51, 14 June 2020 (UTC)
The following Wikimedia Commons file used on this page or its Wikidata item has been nominated for deletion:
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Citation are being verified as of today their are all one. — Preceding unsigned comment added by 174.128.176.116 ( talk) 08:47, 3 January 2021 (UTC)
There is a move discussion in progress on Talk:Bank (disambiguation) which affects this page. Please participate on that page and not in this talk page section. Thank you. — RMCD bot 17:33, 19 October 2021 (UTC)
This gives the impression that any Banking families dominated the market in Florence To my knowledge this is not supported at all it was a highly competitive market no one dominated it some were more successful than other but no monopolies I am attaching a graph from Quantitative Studies of the Renaissance Florentine Economy and Society which shows the competitive ness of the market of both textile as well as banking industry in Florence a score below 1500 implies competitiveness the banking industry did not crack 500 https://imgur.com/a/WPtt4uM. The source used to make this claim is almost 100 years old The Medici Bank and the World of Florentine Capitalismfrom 1987 by Richard Goldwaite goes into depth to demonstrate how there was no monopolizes. I made this A post cause I am not an expert on the subject I just have been conduting research and came across this and wanted to bring this up Medievallifter ( talk) 22:26, 13 April 2024 (UTC)