Bahrain Bank is a 233-year-old commercial bank with global assets of over 27 billion pounds. However, the Bank of Bahrain went bankrupt on February 26th, 1995. Bahrain Bank closed down because nick leeson illegally bought a large number of Nikkei futures. From the failures of Hainan Development Bank and Bahrain Bank, it can be seen that both established banks with a long history and newly established banks are likely to fail. The assets held by Bahrain Bank are several times that of Hainan Development Bank, but Bahrain Bank has closed down.
According to Article 71 of People's Republic of China (PRC) Commercial Bank Law, if a commercial bank fails to pay its due debts, it will be declared bankrupt by the people's court with the consent of the People's Bank of China. Where a commercial bank is declared bankrupt, the people's court shall organize the People's Bank of China and other relevant departments and personnel to set up a liquidation group to carry out liquidation. Laws in China also indicate that commercial banks will fail. Therefore, depositors should treat bank failures correctly.
CommercialBank, abbreviated as CB in English, is a kind of bank, whose duty is to act as a credit intermediary for financial institutions through deposits, loans, remittances and savings. The main business scope is to absorb public deposits, issue loans and discount bills. General commercial banks do not have the right to issue money, and the traditional business of commercial banks is mainly deposits and loans.
From August 20 14 1 day, individual customer account management fees, annual fees and pension withdrawal fees are conditionally exempted, and some charging standards are reduced. The highest handling fee for personal inter-bank counter transfer and remittance is capped in 50 yuan, and the handling fee for public inter-bank counter transfer and remittance is capped in 200 yuan.
Development history
The concept of "commercial banks" was originally used because such banks only engaged in "commercial" short-term lending business in the early stage of development. Generally speaking, the loan period does not exceed one year, and the loan target is generally businessmen and import and export traders.
People call this kind of bank whose basic business is to absorb short-term deposits and issue short-term commercial loans a bank. Commercial banks in China refer to enterprise legal persons established according to People's Republic of China (PRC) Commercial Bank Law and People's Republic of China (PRC) Company Law to absorb public deposits, issue loans and settle accounts.
Banks are one of the most important financial institutions in the economy. The primitive state of western banking can be traced back to ancient civilization in ancient Babylon and BC. According to the Encyclopedia Britannica, as early as the 6th century BC, there was a "rigby" bank in Babylon.
The stone tablet found by archaeologists in the Arabian desert proves that before 2000 BC, the temple in Babylon had borrowed money from the outside world, and the loan was issued by the debtor in the form of a document similar to a promissory note and handed over to the temple for transfer. In the 4th century BC, Greek temples, public organizations and private enterprises also engaged in various financial activities. However, this activity is limited to the nature of the currency exchange industry, and there is no loan business at present.
In 200 BC, Rome also had institutions similar to Greek banking, but it made progress compared with Greek banking. It is not only engaged in currency exchange business, but also in lending, trust and other businesses, and it also has clear legal provisions on the management and supervision of banks. Although the business operated by Roman bank does not belong to credit lending, it has the embryonic form of modern banking business.
It is recognized that the germination of early banks originated in Renaissance Italy. The word "Bank" is called "bank" in English and evolved from the Italian word "Banca".