Banking in the United Kingdom
Overview of banking in the United Kingdom / From Wikipedia, the free encyclopedia
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This article is about development of the banking industry. For banks operating in the United Kingdom, see List of banks in the United Kingdom.
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]