Cornelius Vander Starr

           Governments had to come to the rescue of many firms during the 2007-09 financial crisis and one of the largest rescues was that of American International Group (AIG). Unlike most of the other firms teetering on the brink, AIG was an insurance company and not a bank. It was also a particularly international firm; not

Crédit Foncier and the Renovation of Paris

           Expensive ventures often entail borrowing money and the banking system is one of the largest and most accessible lenders around. Their role in financing grand projects give banks the ability to make or break the dreams of developers, entrepreneurs, and even governments. Because the latter can approve, form, and regulate banks, governments are in the

The Foreign and Colonial Government Trust

           While the 17th and 18th centuries saw the development of new financial institutions, with banks, insurance companies, and exchanges sprouting up, especially in Britain, these inventions generally served the financial needs of relatively few. It was the 19th century when they began to serve even ordinary people, or at least the growing middle classes, in