Know the oldest surviving banks of the world

New Delhi: In today's busy corporate life, banks serves as a lifeline to everyone with the services they provide us. In fact we can see a number of new and old banks around us which provide us various services. However, there are some banks which are still functioning since the time of world wars and civil wars, andthat too without losing their respective identities.Here's a list of some of the oldest banks of the world:Monte dei Paschi di Siena The oldest bank in the world Monte dei Paschi di Siena is situated in Italy. Founded in 1472, this bank was originally formed as The Monte di Pietà, or Monte Pio, which used to give loans to the poor in the form of charity. Now this bank stand as not only the oldest bank of the world which is still in function, but is also Italy's third largest bank, which has branches across Italy.Berenberg Bank A German multinational bank, Berenberg Bank, was founded in 1590 in Hamburg, Germany, by two brothers, Hans and Paul Berenberg, who were cloth merchants.Berenberg Bank primarily a merchant bank and a private bank, is the world's oldest merchant bank.However, even today Berenberg Bank is one of the leading independent merchant banks and private banks of Europe with its core areas as investment banking, institutional asset management, private banking for wealthy private customers and commercial banking.Child & Co. Child & Co. is an independent private bank, which is a brand owned by the Royal Bank of Scotland. Established in 1664, the bank has its name derived from Francis Child, who entered into partnership with Robert Blanchard in 1664. Child & Co. is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority for the purposes of the Financial Services Compensation Scheme as a brand of the Royal Bank of Scotland.Sveriges Riksbank The central bank of Sweden, Sveriges Riksbank also known as Riksbank, is also the oldest central bank of the world. Established in 1668, Riksbank as it headquarters in Stockholm. During the 19th century, the Riksbank maintained a dominant position as a credit institution and issuer of bank-notes. The bank also managed national trade transactions as well as continuing to provide credit to the general public. In July 2009 Sweden's Riksbank was the first central bank to use a negative interest rate.C.Hoare & Co. An English private bank C.Hoare & Co. was founded by Sir Richard Hoare in 1672. Besides being the oldest bank of United Kingdom, the interesting thing about this bank is its symbol. Sir Richard Hoare chose a symbol which was Sign of the Golden Bottle, which is sign of luxury and wealth commonly used by the goldsmiths. The bank's clients typically are high-net-worth individuals and families, while it provides the facilities of private banking, financial planning and investment management services that include loans, mortgages, savings accounts and investment advisory services as well as tax and estate planning services. Bank of New York Established in 1784, Bank of New York was founded by Alexander Hamilton. The Bank of New York, a global financial services company, was the first company that was publicly traded alongside when in 1792 the New York Stock Exchange opened. However, after its merger with Mellon Financial Corporation in 2007 the bank was renamed as the Bank of New York Mellon.Barclays Founded in 1690, Barclays is a British multinational banking and financial services, with its headquaters in London. This bank was established by John Freame and Thomas Gould who were goldsmith bankers in Lombard Street, in the City of London. In 1967, Barclays deployed the world's first cash machine. Barclays is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. Bank of England The Bank of England, established in 1694, is the central bank of the United Kingdom. Besides being the oldest bank of the world, it is also the second oldest central bank in the world. Having its headquarters in London's main financial district, on Threadneedle Street, it is also known as the 'The Old Lady of Threadneedle Street or The Old Lady'.Bank of Scotland A commercial and clearing bank based in Edinburgh, Bank of Scotland, was founded in 1695 and is the only commercial institution created by the Parliament of Scotland to remain in existence. Besides being one of the oldest bank if the world, it is also the first bank of Europe to print paper currency. Bank of Scotland became HBOS in 2001 after merging with Halifax Bank. HSBC Trinkaus HSBC Trinkaus is a German financial services company which was established in 1785. It is also one of the members of the HSBC Group and has its operations in private, commercial and investment banking and asset management.

Know the oldest surviving banks of the world

New Delhi: In today's busy corporate life, banks serves as a lifeline to everyone with the services they provide us. In fact we can see a number of new and old banks around us which

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