The Ten Oldest Surviving Banks In The World
6. Barclays
Barclays was the first British multinational and a financial service that was established in London in 1690 by John Freame and Thomas Gould who were goldsmith bankers in Lombard Street, in the City of London. The first cash machine was deployed by Barclays in 1967. Barclays has made numerous corporate acquisitions in 2000. It is a universal bank that includes operations in retail, wealth management, as well as wholesale and investment banking, mortgage lending and credit cards. Besides, it operates in over 50 countries and has approximately 48 million customers.
7. Bank of England
The Bank of England is considered as the central bank of the United Kingdom and sometimes known as the “Old Lady” of Threadneedle Street, was established in 1694. During the 19th Century the Bank worked as the lender of last resort, who provided stability during several financial crises, for instance, in the First World War it helped government to borrow and overcome debt and during the Second World War the bank got nationalized.
8. Child & Co.
An independent private bank, Child & Co is a brand owned by the Royal Bank of Scotland established in London in 1664. The name Child derived from Francis Child, who entered into partnership with Robert Blanchard in 1664. Being a brand of the Royal Bank of Scotland, Child & Co. is authorized with the Monetary Services Authority for the purposes of the Monetary Services Compensation Scheme. Currently London Child & Co. branch of RBS is based at 1 Fleet Street in the City of London and is also authorized by the Prudential Regulation Authority.
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