2014 Event The European Banking Authority cautions banks against accepting or trading in virtual currencies such as Bitcoin until such transactions can be regulated by the European Commission; regulators cited the risk of fraud and money laundering 2014 Event The banking industry is losing ground as non-banking companies such as Apple, Google and TMobile develop their own payment methods and financial products that circumvent the need for banking services 2013 Event A joint report on Spain's banking system is released by the European Central Bank and the European Commission; the report indicates their system is solvent, with no further program disbursements are needed 2012 Event Responding to Iran's nuclear program, more sanctions are imposed upon Iran's banking and oil industries by the European Union 1996 Death Amschel Mayor James Rothschild, banker, joined family banking firm N M Rothschild & Sons, chief executive of Rothschild Asset Management dies 1980 Event 1st consumer use of home banking by computer 1980 Event President Jimmy Carter deregulates banking industry 1955 Birthday Amschel Mayor James Rothschild, born in Paris, France, banker, joined family banking firm N M Rothschild & Sons, chief executive of Rothschild Asset Management 1946 Event 1st "autobank" (banking by car) forms (Chicago) 1935 Birthday Lord Ichayra, Secretary-General, British Banking Association 1927 Birthday Michael Sandberg, British CEO, Hong Kong and Shanghai Banking Corp 1906 Event Act of Algeciras drawn between Moroccan police and banking business 1863 Event Congress creates national banking system, comptroller of currency
