ACKNOWLEDGEMENT

The JNC acknowledges the traditional custodians of the lands on which we work, the Gadigal and Bidjigal People of the Eora Nation. We pay our respects to their Elders past, present and emerging and acknowledge that these lands always were and always will be Aboriginal lands. We celebrate First Nations Peoples’ connection to the land and recognise the importance of Indigenous voices and culture. We would like to advise that there may be images or videos on this website of people who have since passed.

VAST Volunteer Orientation Course - Vision Impairment Activity

Downtown Bank

A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.

Banking in its modern sense evolved in the 14th century in the rich cities of Renaissance Italy but in many ways was a continuation of ideas and concepts of credit and lending that had their roots in the ancient world. In the history of banking, a number of banking dynasties — notably, the Medicis, the Fuggers, the Welsers, the Berenbergs and the Rothschilds — have played a central role over many centuries. The oldest existing retail bank is Banca Monte dei Paschi di Siena, while the oldest existing merchant bank is Berenberg Bank.

Address

350 W Main St,
Pressville, VT 24305, USA

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