2015 Event China's central bank takes action to reassure investors that it is attempting to address the nation's economic downturn, reducing interest rates and the amount of reserve funds required to be held by banks 2015 Event Greek voters reject austerity terms of the bailout proposed by the E.U., the I.M.F. and the European Central Bank, leaving open the possibility of the expulsion of Greece from the eurozone 2015 Event HSBC bank announces plans to let go up to 8,000 workers in the U.K. and potentially up to 25,000 around the world as it restructures itself to improve profitability 2015 Event The European Central Bank will initiate a quantitative easing program that will involve printing euros in order to purchase government-issued debt instruments; the program will enhance existing measures to improve the economy within the eurozone 2015 Event The Swiss National Bank has uncapped the Swiss franc against the euro, resulting in a rise in its currency value from 1.20 to 1.04 francs/euro; the bank also reduced interest rates from -.25% to -.75%, increasing costs to investors who store deposits 2014 Event JPMorgan Chase discloses that a July data breach resulted in exposure of contact information for 83 million households; the bank states that security information, such as passwords and birth dates, did not appear to have been compromised 2014 Event India's central bank states that domestic credit cards must complete extra validation when used to buy local goods or services; some businesses have avoided the rule by using foreign payment systems, resulting in cash flows out of the country 2014 Event Bank of America must pay $1.3 billion in a civil lawsuit over fraud committed by lending unit Countrywide Financial, which operated a scheme nicknamed 'Hustle' that resulted in large numbers of unsubstantiated mortgages during 2007-2008 2014 Event Lesotho has received funding from the World Bank to continue improving its water supply by enhancing the Metalong Dam and providing water to more areas; the project benefits around 30,000 residents 2014 Event Credit Suisse has pled guilty to criminal charges of assisting U.S. customers in tax fraud and evasion; however, the Swiss government will not allow the bank to cooperate with the U.S. government's request for the names of those customers 2014 Event The World Bank reports that India is now the third-largest economy behind the U.S. and China on the basis of purchasing power parity; India replaces Japan, though Japan remains in third place when GDPs are compared on an exchange-rated basis 2014 Event The People's Bank of China widens its trading band for the yuan against the U.S. dollar to within 2% of the determined daily midpoint, moving the currency toward market-based valuation 2014 Event The European Central Bank announces its readiness to ensure that interest rates will remain steady or decrease as inflation rises 2014 Event The menswear industry consolidates as Men's Wearhouse announces a merger with JoS. A. Bank Clothiers 2014 Event The World Bank global forecast predicts an increase in growth to 3.2 percent, from 2.4 percent in 2013 2013 Event The Philippines receives a $500 million emergency loan from the World Bank to help the country recover and rebuild in the aftermath of Typhoon Haiyan 2013 Event An $800 million lawsuit is filed by Fannie Mae against nine banks for manipulating the Libor benchmark interest rate; the banks involved include Bank of America and Citigroup 2013 Event Despite concerns that Greece's government is reforming too slowly, European Commission, the European Central Bank and the IMF gives Greece an additional 6.2 billion euros 2013 Event A joint report on Spain's banking system is released by the European Central Bank and the European Commission; the report indicates their system is solvent, with no further program disbursements are needed 2013 Event The Reserve Bank of Australia reduces its benchmark interest rate to 2.75% from 3.00% 2013 Event Mervyn King, Governor of the Bank of England announces that the 5 pound bank note, to be circulated in 2016, will feature Winston Churchill 2013 Event In Japan, optimism for economic revival sparked Bank of Japan's stimulus plan, impacts Japan's stock market index; following its release, the Nikkei 225 hits its highest level in nearly five years 2013 Event After pleading guilty to a U.S. case of tax evasion, Wegelin and Co., the oldest bank in Switzerland, closes; the bank faces a fine of $57.8 million 2012 Event UBS becomes the second bank after Barclays, to be fined for attempting to manipulate the Libor interbank lending rate; the company is fined $1.5 billion 2012 Event European Union Finance Ministers agree to give the European Central BAnk new powers to supervise euro zone banks 2012 Event European Central Bank president, Mario Draghi, confirms the design overhaul of euro banknotes, beginning with the 5 euro note 2012 Event Investments to and from Pakistan are now permitted by the Reserve Bank of India 2012 Event Deutsche Bank, the German global financial services company, announces plans to cut 1,900 jobs 2011 Event Northern Rock bank, nationalized in 2008 by the British Government, is sold to Virgin Money for 747 million pounds 2011 Event The Bank of England pumps an additional 75 billion pounds into the British economy via quantitative easing 2011 Event Warren Buffet's Berkshire Hathaway announces it will invest $5 billion in Bank of America 2011 Event HSBC bank announces it will cut 5,000 jobs now and 25,000 jobs by 2013 2011 Event In Iran, the Central Bank of Iran launches a website which it will use to poll Iranians on planned economic reforms and changing the national currency 2011 Event The European Central BAnk appoints Italy's Mario Draghi as its new President, set to replace Jean-Claude Trichet on November 1 2011 Event The coalition government announces plans to privatize Northern Rock, a British public-owned bank 2011 Event South Korea's Central Bank raises its benchmark interest rate by 25 basis points, to 3.25 percent 2011 Event The Financial Times finds computer hackers may have accessed details on Citigroup bank card customers 2011 Event Interest rates at the Reserve Bank of India are increased by 50 basis points to 7.25 per cent 2011 Event James Bullard, President of the Federal Reserve Bank of St. Louis calls for the Federal Reserve to limit its purchase of U.S. Treasuries because they 'feed the fire' of inflation 2010 Event The World Bank officially ends financing Cote d'Ivoire 2010 Event Nobel Peace Prize laureate Muhammad Yunus claims innocence while being investigated for diverting millions of dollars of aid money from Grameen Bank 2010 Event Plans to build 625 more homes in close to the West Bank, adjacent to Arab East Jerusalem, were announced 2010 Event The Governor of the Central Bank of Iran, Mahmoud Bahmani, resigns 2010 Event Speaking at the U.N. General Assembly, Mahmoud Abbas communicates that Palestinians desire a 'comprehensive and just' peace agreement; he requests Israel cease its policy of building settlements in the West Bank 2010 Event A Tel Aviv judge orders safe deposit boxes at a Zurich bank opened; the boxes may contain drawings and manuscripts by writer Franz Kafka 2010 Event President Obama meets with Mahmoud Abbas, President of the Palestinian National Authority, and promises Palestinians $400 million in U.S. assistance for the West Bank and Gaza 2003 Event British consulate and bank bombed in Istanbul murdering 27 1998 Event Star Bank LPGA Classic 1997 Event Bank One Senior Golf Classic 1997 Event Colleen Wakjer wins Star Bank LPGA Classic 1996 Event Laura Davies wins Star Bank LPGA Golf Classic 1996 Event Liselotte Neumann wins First Bank Edina Realty LPGA Golf Classic 1995 Event Israel begins W Bank pullback, frees hundreds of Palestinian prisoners 1995 Event Yitzhak Rabin and Yasir Arafat, sign accord to transfer West Bank 1995 Event Chris Johnson wins Star Bank LPGA Golf Classic 1995 Event World's largest bank-Japan's Mitsubishi Bank and Bank of Tokyo merge 1995 Event Deputy Governor of Bank of England, Rupert Pennant-Rea, resigns following revelations of his affair with a freelance journalist 1995 Event British trader Nick Leeson arrested for collapse of Barings Bank PLC 1994 Event Israel and PLO initialed accord giving autonomy to Palestinians in West Bank in education, health, taxation, social welfare and tourism 1994 Death Michalis Vranopoulos, head of Greek state bank, murdered at 48 1991 Event East-Europe Bank forms in London 1991 Event Bank of Credit and Commerce International divests itself of 1st American Bank 1990 Event 5 Bank of Credit and Commerce members found guilty of money 1990 Event 2 Bank of Credit and Commerce members plea guilty to money laundering 1989 Death Alfred Herrhausen, German CEO (Deutsche Bank), murdered at 59 1988 Event 91 m radio telescope dish at Green Bank, WV collapses 1988 Event Jordanian King Hussein renounces sovereignity over West Bank to PLO 1988 Event FDIC bails out 1st Republic Bank, Dallas, with $4 billion 1988 Event Jordan cancels $1.3 billion development plan in West Bank 1988 Death Marius W. Holtrop, economist/president (Netherlands Bank), dies at 85 1987 Event Palestine uprising begin in Israeli-occupied West Bank 1987 Event Palestinian uprising against Israel in West Bank 1987 Event Japanese bank buys "Lady McGill" stamp for $1,100,000 1987 Event Jody Rosentha wins LPGA United Virginia Bank Golf Classic 1986 Event Muffin Spencer-Devlin wins LPGA United Virginia Bank Golf Classic 1986 Event Netherlands Bank issues 250 guilder notes 1985 Event Kathy Whitworth wins LPGA United Virginia Bank Golf Classic 1984 Event Amy Alcott wins LPGA United Virginia Bank Golf Classic 1983 Event Lenore Muraoka wins LPGA United Virginia Bank Golf Classic 1982 Event Sally Little wins LPGA United Virginia Bank Golf Classic 1981 Event Jan Stephenson wins LPGA United Virginia Bank Golf Classic 1981 Event Hollis Stacy wins LPGA West Virginia Bank Golf Classic 1981 Event Hostage situation ends at Central Bank in Barcelona Spain 1981 Event Largest U.S. bank robbery in Tucson, Arizona, more than $33 million stolen 1980 Event Bank of Canada's Canadian Currency Museum opens 1980 Death Willie Sutton, U.S. bank robber, dies at 79 1980 Event Donna Caponi Young wins LPGA United Virginia Bank Golf Classic 1979 Event Amy Alcott wins LPGA United Virginia Bank Golf Classic 1979 Event Patricia Hearst is released from a San Francisco prison for bank robbery 1978 Event Sun Bank Building opens 1978 Event Israel turns 3 military outposts in West Bank into civilian settlements 1977 Event Bank of America adopts the name VISA for their credit cards 1976 Event Newspaper heiress Patricia Hearst sentenced to 7 years for her part in a 1974 bank robbery. Released after 22 months by President Carter 1976 Event Bank robbery in Beirut nets a record $20-50 million 1975 Event Heiress/bank robber Patricia Campbell Hearst captured by FBI in SF 1975 Death Karel Paul van der Mandele, director (Rotterdam Bank), dies at 94 1973 Event M T Ghani scores 104 on FC debut for Commerce Bank (Pak) age 44 1970 Death H G Hjalmar Schacht, President Germany Kingdom bank/minister of Eco, dies 1970 Event Milwaukee Brewers Baseball Club, headed by Bud Selig, purchases the Seattle Pilots for $10,800,000 Although negotiations were conducted over a period of months, it was not until March 13 when a federal bankruptcy referee declared the Pilots bank 1969 Event Bomb attack on bank in Milan, 14 killed 1969 Event Bank of America World Headquarters (555 California) dedicated 1967 Event Robert McNamara elected president of World bank 1967 Event Jelle Zijlstra becomes president of Netherlands Bank 1967 Event Queen Elizabeth Hall (South Bank Center) opens in London 1967 Birthday Nick Leeson, British banker, Baring bank 1963 Birthday Patti Berendt, born in San Diego, California, LPGA golfer, 1995 Star Bank Classic-24th 1963 Event G Woods succeeds Eugene Black as president of the World Bank 1962 Birthday Gene Craig Sauers, Savannah Georgia, PGA golfer, 1986 Bank of Boston 1961 Birthday Timothy Geithner, born in Brooklyn, New York, United States Secretary of the Treasury, under President Barack Obama, served as President, Federal Reserve Bank of New York, charged with directing financial crisis of December 2007 1961 Birthday Joan Delk, born in Tampa, Florida, LPGA golfer, 1995 First Bank Edina Realty-66th 1961 Event Largest check issued, National Bank of Chicago to Sears ($960.242 billion) 1960 Event Europe's 1st "moving pavement," (travelator), opens at Bank station 1960 Event Project Ozma begins at Green Bank radio astronomy center 1960 Event Bank of France issues new franc, worth 20 cents 1958 Event Soviet Marshal Bulganin resigns as director of State Bank 1957 Death Cora Witherspoon, actress (Quality Street, Bank Dick), dies at 67 1955 Birthday Lenore Rittenhouse, born in Honolulu, Hawaii, LPGA golfer, 1983 United Virginia Bank 1955 Event Piet Lieftinck becomes director v/h IMF (World bank) 1955 Event Imperial Bank of India nationalized 1955 Event U.S. Assay Office in Seattle, Washington closes Chase National (3rd largest bank) and Bank of the Manhattan Company (15th largest bank) merge to form Chase Manhattan 1954 Birthday Patty Hearst, born in San Francisco, California, newspaper heiress, convicted bank robber, socialite, known as Patricia Hearst Shaw, autobiography titled, 'Every Secret Thing' 1953 Birthday John Edward Stevens, New York City, bank robber, FBI Most Wanted List 1952 Birthday Martin Taylor, born in England, former CEO, Barclays Bank, Chairman, Syngenta AG 1952 Event Franklin National Bank issues 1st bank credit card 1950 Death Charles R Drew, surgeon/developer of blood bank concept, dies at 45 1950 Event Willie Sutton robs Manufacturers Bank of $64,000 in New York City 1949 Death Amedos Peter Giannine, founder of Bank of America dies at 79 1949 Birthday Dorus Vrede, Surinam poet, Otobanda; the Other Bank 1948 Birthday Richard Alan Litchfield, born in Massachusetts, bank robber, FBI most wanted 1947 Event Bank robber Willie Sutton escapes jail in Philadelphia 1946 Death W C Fields, writer/comedian (Bank Dick, It's A Gift), dies at 67 1946 Event British Government takes control of Bank of England, after 252 years 1946 Event Bank of England nationalized 1946 Event Bank of England nationalized 1945 Event International Monetary Fund established - World Bank founded 1945 Birthday Clive Hollick, born in Britain, Labor Party, financier, youngest director of Hambros Bank, 1973, CEO, Mills & Allen International, MAI 1944 Event Surprise attack on office of Nethche Bank 1944 Event Belgium's Emissie bank closes 1944 Event Bretton Woods Conference starts, establishing IMF and World Bank 1942 Birthday Wilbert Bank, actor and director, On Hope of Blessing 1942 Birthday Frank Bank, born in Hollywood California, actor, Lumpy-Leave it to Beaver 1941 Event 300 Montgomery, San Francisco opens as new Bank of America HQ 1939 Birthday Terry Dill, Forth Worth, Texas, PGA golfer, 1992 Bank One Senior Classic 1939 Birthday Andrew Buxton, CEO, Barclays Bank 1938 Birthday Rives McBee, Denton, Texas, PGA golfer, 1989 RJR Bank One Classic 1938 Event Frances Moulton elected 1st woman president of a U.S. national bank 1937 Death Gerard Vissering, banker/president of Dutch Bank, dies at 72 1937 Event 1st blood bank forms (Chicago, Illinois) 1936 Event L M (Mario) Giannini elected president of Bank of America 1935 Birthday Willem Duisenberg, minister of Finance, PvdA, President, Nethche Bank 1935 Birthday Lord Grenfell, head of External affairs European office, world bank 1935 Event Bank of Canada opens 1934 Death Maggis Lena Walker, 1st U.S. (black) woman to head a bank, dies at 69 1934 Event FDIC pays off 1st insured depositors, Fon du Lac Bank, East Peoria, Illinois 1934 Birthday Malcolm Gill, deputy head, Bank for International Settlements 1934 Event Bank of Travail in Belgium, socialist worker's movement bankrupt 1934 Event Export-Import Bank incorporates 1934 Event Export-Import Bank organizes in Washington, D.C. 1934 Event Federal Deposit Insurance Corp, FDIC, U.S. bank guarantor, effective 1933 Event Hitler names Hjalmar Shaft, president of Bank of Germany 1933 Event Franklin D. Roosevelt declares a nationwide bank holiday 1933 Event Franklin D. Roosevelt proclaims 10-day bank holiday 1933 Event Bank holidays declared in 6 states, to prevent run on banks 1931 Event Credit-Anstalt, Austria's largest bank, fails beginning financial collapse of Central Europe 1931 Birthday Peter Walters, CEO, Midland Bank 1930 Event Bank of the United States opens in New York City 1930 Event Bank of Italy becomes Bank of America 1929 Birthday John Gutfreund, former CEO of investment bank, Salomon Brothers Inc., featured in book Liar's Poker by Michael Lewis 1927 Birthday Timothy Beven, CEO, Barclays Bank 1927 Birthday Philip Wilkinson, deputy chairman, National Westminster Bank 1927 Event Bank of Italy becomes a National Bank 1926 Birthday Alan Greenspan, economist and presidential advisor, Federal Reserve Bank 1923 Birthday Alden Winship Clausen, Hamilton, Illinois, banker, President of World Bank 1921 Birthday Donald Barron, CEO, Midland Bank 1920 Event 1st rivet driven on Bank of Italy headquarters at 1 Powell 1920 Birthday Eric Yarrow, CEO, Clydesdale Bank 1920 Birthday John William Farr, born in Detroit, bank robber, FBI Most Wanted List 1919 Event Dirigible crashes through bank skylight killing 13 (Chicago, Ill) 1918 Birthday Jelle Zijlstra, economist/minister/president Netherlands Bank 1917 Event 1st federal land bank chartered 1917 Death Hendrik P G Quack, lawyer/economist (Bank of Netherlands), dies at 82 1917 Event Royal Bank of Canada takes over Quebec Bank 1916 Birthday Robert S. McNamara, U.S. Secretary of Defense, 1961 - 1968, head World Bank 1915 Birthday Seymour Egerton, CEO, Coutis Bank 1915 Birthday David Rockefeller, CEO, Chase Manhattan Bank 1912 Birthday David Barran, CEO, Midland Bank, England 1911 Event U.S. postal savings bank inaugurated 1910 Birthday Laurance S Rockefeller, New York City, CEO, Chase Manhattan Bank 1909 Death Nicolaas G Pierson, director Suriname/Dutch Bank, dies at 80 1909 Birthday Clyde Barrow, bank robber, of Bonnie and Clyde fame 1908 Event Bank of Italy opens new HQ at Clay and Montgomery 1907 Event Bank of Italy opens 1st branch at 3433 Mission Street, SF 1907 Event Bank of San Francisco incorporated 1906 Birthday William McChesney Martin, Chairman of Federal Reserve Bank, 1951-70 1904 Event Bank of Italy (Bank of America) opens its doors 1904 Birthday [William] Count Basie, Red Bank, New Jersey, jazz musician, Blazing Saddles 1904 Birthday Peter Van Steeden, born in Amsterdam Netherlands, orchestra leader, Break the Bank 1904 Birthday Hugh Williams, actor and writer, Charley's Aunt, Bank Holiday 1903 Birthday Bernard Lovell, England, radio astronomer, founded Jodrell Bank 1902 Birthday Marius W. Holtrop, economist/president, Netherlands Bank 1902 Birthday Arnold J d'Ailly, dir, Nederlandsche Bank, mayor, Amsterdam, 1946-56 1902 Birthday John Dillinger, U.S. bank robber, public enemy #1 1902 Birthday Kathryn Forbes, short story writer, mama's bank account 1901 Death Georg von Siemens, founder (Deutsche Bank), dies 1901 Birthday Hermann Abs, director, Deutsche Bank, Hitler's advisor 1898 Birthday Eugene R. Black, U.S., President of World Bank, 1953-62 1896 Event Armenian revolutionairy assault on Ottoman Bank Constantinople 1893 Death Ferenc Erkel, Hungarian composer and conductor (Bank Ban), dies at 82 1892 Event Dalton Gang ends in shoot-out in Coffeville, Kansas bank holdup 1890 Event Alabama Penny Savings Bank organizes in Birmingham 1889 Event Savings Bank of Order of True Reformers opens in Richmond, Virginia 1886 Event Crocker-Woolworth National Bank organized 1880 Birthday Karel Paul van der Mandele, financier/director, Rotterdamsche Bank 1877 Event Chase National Bank opens in New York City (later merges into Chase Manhattan) 1876 Event Bank robbery by James/Younger fails (Cole/Bob/Jim Younger arrested) 1874 Event Freedmen's Bank closes 1873 Event Panic sweeps New York Stock Exchange (railroad bond default/bank failure) New York shut banks for 10 days due to a bank scandal 1872 Event Jesse James gang robs bank in Columbia, Kentucky (1 dead/$1,500) 1871 Event Jesse James robs bank in Corydon, Iowa ($45,000) 1871 Event Jesse James and his gang robs Obocock Bank (Corydon Iowa), of $15,000 1870 Birthday Amedos Peter Giannine, born in San Jose, California, founded Bank of America 1868 Event Jesse James gang robs bank in Gallatin, Missouri, kills 1 1868 Event Jesse James Gang robs bank in Russelville Kentucky of $14,000 1867 Birthday Maggie Mitchell Walker, 1st woman bank director/philanthropist 1867 Event Bank of California opens doors 1867 Event Jesse James-gang rob bank in Richmond Missouri (2 die, $4,000 taken) 1867 Event Jesse James-gang robs bank in Savannah Missouri, 1 dead 1866 Event Jesse James gang robs bank in Lexington Missouri ($2000) 1866 Event Jesse James holds up his 1st bank, Liberty, Missouri ($15,000) 1865 Birthday Gerard Vissering, Dutch banker and president, Bank of Java 1865 Event NV Suriname Bank established 1863 Event Very 1st First National Bank opens in Davenport, Iowa 1863 Event 1st bank chartered in U.S., National Bank of Davenport, Iowa 1858 Event 1st bank in Hawaii opens 1858 Event Treaty of Algun, China cedes north bank of Amur River to Russia 1855 Birthday Andrew W. Mellon, founder, Mellon Bank, U.S. Secretary of Treasury 1850 Birthday John Munroe Longyear, U.S., capitalist/bank president 1848 Event 1st commercial bank in San Francisco established 1847 Birthday Jesse James, Missouri, bank/train robber, son of a clergyman 1847 Birthday W R Pettiford, Founder, Alabama Penny Savings Bank 1839 Birthday Georg von Siemens, founder, Deutsche Bank 1834 Birthday Hendry P G Quack, lawyer/economist/secr Dutch Bank 1834 Event Senate censure President Jackson for taking federal deposits from Bank of U.S. 1832 Event President Jackson vetoed legislation to re-charter 2nd Bank of US 1831 Event 1st U.S. bank robbery (City Bank, New York/$245,000) 1819 Event 1st savings bank in U.S. (Bank of Savings in New York City) opens its doors 1817 Event 2nd Bank of U.S. opens 1816 Event 1st savings bank in U.S. opens (Philadelphia Savings Fund Society) 1816 Event 2nd Bank of U.S. chartered 1814 Event Netherlands Bank issues it's 1st banknotes 1814 Event Netherlands Bank established 1799 Event Bank of Manhattan Company opens in New York City (forerunner to Chase Manhattan) 1793 Event Bank of England hands out 1st 5 pound note 1791 Event Bank of U.S. opens 1791 Event 1st Bank of U.S. chartered 1786 Birthday Nicholas Biddle, made 2nd bank of U.S. 1st effective central bank 1782 Event 1st U.S. commercial bank, Bank of North America, opens in Philadelphia 1781 Event Bank of North America, 1st U.S. bank opens 1781 Event Battle at Doggers Bank: Dutch fleet vs English fleet 1781 Event Bank of North America incorporates in Philadelphia 1753 Birthday John Soane, English architect, Bank of England, Soane Museum 1732 Event Foundation laid for Bank of England 1714 Event Treaty of Baden: Holy Roman Emperor Charles VI and France, ends War of Spanish Succession, French retain Alsace, Austria gets bank of Rhine 1694 Event Bank of England granted 12 year charter by Act of Parliament 1661 Event 1st banknotes in Europe were issued by Bank of Stockholm 1614 Event Amsterdam Bank of Loan forms
