Banking in the United Kingdom can be considered to have started in the Kingdom of England in the 17th century. The first activity in what later came to be known as banking was by goldsmiths who, after the dissolution of English monasteries by Henry VIII, began to accumulate significant stocks of gold.
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Famous quotes containing the words banking, united and/or kingdom:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
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—Henry David Thoreau (1817–1862)
“Then people will come from east and west, from north and south, and will eat in the kingdom of God.”
—Bible: New Testament, Luke 13:29.