Picture the world of big money – loans, investments, all that jazz. For ages, there was this go-to number called LIBOR, the London Interbank Offered Rate. It was the yardstick for figuring out interest rates on tons of stuff. But, things change, right? People started wanting something a bit more transparent, something that really showed […]

The 1900s – Inception 100 years ago, people mostly kept their money in a pot buried in the ground or under their mattress, sleeping peacefully knowing that their cash was safe. The evolution of modern banking started in the 1900s and lots of Central Banks were formed around the world in the wake or after […]