Many of the elements that make up the foundation of the modern world originated in China, including paper, gunpowder, credit banking, the compass and paper money.
In time, the possibilities grew to encompass sales of health and beauty aids, investment in real estate, ownership of restaurants and boarding houses, the foundation of banks and other financial institutions, and a host of other endeavors.
Twenty-five yeago agold"old money," represented by the major Wall Street banks, was the foundation of our banking system.
Rand has been enjoying a bit of a resurgence of late: the charitable foundation of the banking corporation BB&T has, in the past three years, donated several million dollars to colleges and universities around the country to establish courses dedicated to the writer's oeuvre.
Michael Hewson, of CMC Markets, told the Press Association: "If European policymakers were looking for a way to undermine the public trust that underpins the foundation of any banking system they could not have done a better job".
Yes, there is to be sure a technical issue in the crisis: it's called leveraging and it is a the very foundation of the banking system.
The nickname is probably older – the street name Threadneedle, one of the cluster that converges on the site of the bank, is at least a century older than the foundation of the bank itself – but the cartoon was so famous it ensured the name stuck forever.
The foundation of the bank was supported by Belorussia, Ukraine and Russia.
We have to protect the foundation of the bank: our capital position.
The importance of capital as a foundation for bank lending is consistent with the painful lessons learned by many monetary policymakers who, in recent decades, sought to stimulate their economies in the face of impaired banking systems.
