Post-War Era
31 entries
Peoples Bank of China
Founded in 1948 as the central bank of the Peoples Republic of China, established before the PRC its...
Islamic Development Bank
Founded in 1975 by the Organization of Islamic Cooperation with headquarters in Jeddah. The IsDB pro...
First Bank Credit Card
The Diners Club card, launched in 1950, was the first universal charge card. Founded by Frank McNama...
ATM Invention
The first ATM was installed at a Barclays Bank branch in Enfield, London, on June 27, 1967. Invented...
SWIFT System
The Society for Worldwide Interbank Financial Telecommunication was founded in Brussels in 1973 by 2...
Drexel Burnham
Drexel Burnham Lambert was a Wall Street investment bank that pioneered the junk bond market under M...
Reserve Bank of Australia
The Reserve Bank of Australia was established in 1960, separating central banking from the Commonwea...
Standard Chartered
Formed from the 1969 merger of Standard Bank of British South Africa and Chartered Bank of India, Au...
Toronto Dominion Bank
Canadas second largest bank, formed from the merger of the Bank of Toronto and Dominion Bank in 1955...
Itau Unibanco
The largest bank in Latin America by assets, formed from the 2008 merger of Banco Itau and Unibanco....
African Development Bank
Founded in 1964 with headquarters in Abidjan, Ivory Coast. The AfDB provides financing for developme...
Federal Reserve Independence
The Treasury Federal Reserve Accord of 1951 established the operational independence of the Federal ...
Volcker Disinflation
See related entry on Volcker Shock. Paul Volcker became Fed Chairman in August 1979 with inflation a...
Certificate of Deposit
The negotiable certificate of deposit was introduced by First National City Bank of New York, later ...
First Debit Card
The First National Bank of Seattle issued the first debit card in 1978. Unlike credit cards, debit c...
Asian Development Bank
Founded in 1966 with headquarters in Manila. The ADB provides financing for development projects acr...
Islamic Banking Growth
Islamic banking grew from modest beginnings in the 1970s to a 4 trillion industry. Islamic banks pro...
Mashreq Bank
Founded in 1967 in Dubai as the Bank of Oman. Mashreq was the first UAE bank to install ATMs and lau...
Saudi Central Bank
Originally the Saudi Arabian Monetary Agency, founded in 1952. The agency was established to stabili...
CHIPS Payment System
The Clearing House Interbank Payments System was established in 1970 as an electronic replacement fo...
ACH System
The Automated Clearing House was established in 1972 by the Federal Reserve Bank of San Francisco. A...
Bank for Cooperation
Credit unions and cooperative banks emerged in the 19th century as alternatives to commercial banks....
NatWest Group
Originally the National Westminster Bank, formed in 1968 from the merger of National Provincial Bank...
China Construction Bank
Founded in 1954 as the Peoples Construction Bank of China to manage state infrastructure investment....
Agricultural Bank of China
Founded in 1951 to finance rural development and agriculture. The Agricultural Bank of China served ...
Al Rajhi Bank
Al Rajhi Bank, founded in 1957, is the largest Islamic bank in the world by assets. The Al Rajhi fam...
Emirates NBD
Emirates NBD was formed in 2007 from the merger of Emirates Bank International and National Bank of ...
Securitization History
Securitization, the process of bundling loans into tradable securities, began in 1970 when the Gover...
DBS Bank
The Development Bank of Singapore was established in 1968 by the Singapore government to finance ind...
Qatar National Bank
Founded in 1964 as the first domestically owned commercial bank in Qatar. QNB grew into the largest ...
FirstRand Bank
FirstRand was formed from the 1998 merger of Anglo American Corporation and RMB Holdings. FirstRand ...