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.[1]
- ^ Nicholas Lane, "The Fathers of English Banking." History Today (Mar 1953) 3#3 pp 190-199
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