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(BBC-US)   World's oldest bank in Italy, dating back to 1472, reports heavy losses. Still awaiting repayment of first business loan to Cristoforo Colombo   (bbc.com ) divider line
    More: Fail, Paschi, expected loss, state aid  
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936 clicks; posted to Business » on 09 Aug 2014 at 6:49 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



8 Comments     (+0 »)
 
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2014-08-09 06:25:42 PM  
Looks like someone made off with a comma.  Those things are valuable.
 
2014-08-09 06:54:27 PM  
Huh. I was thinking this was going to be another article about the Pope.
 
2014-08-09 07:26:52 PM  
Is there a world's oldest bank in another country?
 
2014-08-09 07:52:51 PM  
No business loans for 20 years?
 
2014-08-09 10:00:09 PM  
I know those "established ____" signs are supposed to inspire confidence, but I feel contempt toward any business that's survived longer than a human. There's no way they stuck around by being really good guys.
 
2014-08-09 10:38:50 PM  

moothemagiccow: I know those "established ____" signs are supposed to inspire confidence, but I feel contempt toward any business that's survived longer than a human. There's no way they stuck around by being really good guys.


I'm not sure I trust these guys either though....

upload.wikimedia.org
 
2014-08-09 11:02:08 PM  
Just like a bank. Trying to collect on a loan they didn't make. Good ol' Cris was bank rolled by Spain.
 
2014-08-10 01:53:04 PM  
Columbus' first attempt to reach India by sailing due North was a bit of a bust. It was definitely pre-mature, given the state of Arctic ice in those days.
 
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