Category: Genoa

Where banks were born

27 February, 2009 (12:54) | Banking, Capital markets, Genoa, History, Innovations, Islamic finance |

Because catastrophe is a precondition to fundamental financial reform, we should expect the history of banking and bank regulation, like that of evolution, to proceed in fits and starts, with a great die-off preceding a revival in a new, more complex form.   Genoese admiral Andrea Doria, by Sebastian Piombo   [A similar meltdown] happened […]