![]() Savings banks and cooperative banks in Germany fear that their money will be used to finance the difficulties of institutions in other countries. There is resistance above all in Germany, where there have long been well-stocked pots for emergencies. In the banking union, a common European deposit insurance EDIS is particularly controversial. The EU Commission's plans for a capital markets union have been on the table since September 2015, but implementation is faltering. Consumers should also have more opportunities for cross-border investments. The capital markets union is essentially about removing bureaucratic hurdles between the individual EU countries in order to give companies more opportunities to raise money. Irish Prime Minister Leo Varadkar expressed disappointment at the lack of progress on these issues. The banking union and the capital markets union are needed for the smooth functioning of the European economy. "I think our banking system is pretty resilient," Kallas said in Brussels. On the stock exchanges, bank values fell significantly as a result of the unrest.Įstonian Prime Minister Kaja Kallas also said that lessons had been learned from the banking crisis. In order to prevent a conflagration and a global financial crisis in view of the nervousness in the banking industry, the government and supervisory authorities pushed the competitor UBS to take over. In Europe, the major Swiss bank Credit Suisse slipped into crisis after numerous scandals, criticism of poor risk management and outflows of money in the hundreds of billions. A few days later, the US money house Silicon Valley Bank, which specializes in start-up financing, was placed under the control of the US deposit insurance company FDIC and closed. In the museum is exhibited the emergence, development and extinction of money houses in Bozhou, which is of important values for researches of the history of modern money houses and shop buildings.The trigger for the banking crisis at the beginning of March was the liquidation of the US financial group Silvergate Capital, which is geared towards the crypto industry. Today it is a "Museum of Money Houses", which was opened to the public in 1999. It integrated Chinese and Western architecture styles, with an orderly, natural and reasonable layout and well preserved. ![]() Nanjing Lane Money House was a three-row quadrangle courtyard with a width of three rooms, consisting of more than 30 architectures such as hallway, main hall, central nave, back hall, cashier's office, the accountant's office, mail room, the shopkeeper's office and kitchen. And conducting affiliated business by cooperating with money houses in other cities such as Shanghai, Bengbu and Pingyao, they were also engaged in transfer and exchange of funds. The capital of each money house (also called money shop or exchange shop at that time) was above 20,000 Yuan. In the end of the Qing Dynasty and beginning of the Republic of China, there were a total of 33 money houses of different sizes in the city. In Daoguang 5th year (1825), Yuchengjiao and Taizhonghe money houses of Bozhou were famous near and far. They turned their profits of commercial capital into the interest-bearing capital, and provided short-term and circulating funds for their commercial activities with the deposits absorbed by the money house. The earlier shareholders of the money houses were mainly a batch of big merchants, who were engaged in other businesses while investing on the money houses. ![]() Situated in Nanjing Lane, Beiguan, the downtown of Bozhou, it was the former site of a rural financial institution with currencies as its object of management. Nanjing Lane Money House was listed as a key cultural relic protection unit by the people's government of Anhui Province.
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