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British Banks at the Edge

In: Banks, Bankers, and Bankruptcies under Crisis

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  • Dimitris N. Chorafas

Abstract

Aristophanes laughed at bankers and banking as the most pestilent of all trades, while others have called banking the second eldest profession (after prostitution) whose origins they have traced to ancient temples. Financial historians say that in all likelihood the first financiers were the Egibi family in Babylon that lived in the seventeenth century BC. Another hypothesis is that finance started with Pasion, an Athenian, in early fourth century BC.

Suggested Citation

  • Dimitris N. Chorafas, 2014. "British Banks at the Edge," Palgrave Macmillan Books, in: Banks, Bankers, and Bankruptcies under Crisis, chapter 9, pages 173-192, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-43699-3_9
    DOI: 10.1057/9781137436993_9
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