Financial History Issue 113 (Spring 2015) - Page 8

THE TICKER  MUSEUM NEWS On March 10, the Museum and Columbia Business School Publishing launched Genealogy of American Finance, a new book featuring the genealogical “family trees” of the nation’s 50 largest banks alongside beautifully illustrated narrative histories of each bank. Authored by renowned financial historians Dr. Robert E. Wright and Dr. Richard Sylla, the book explores how 50 financial companies came to dominate the US banking system and their impact on the nation’s political, social and economic growth. A story that spans more than two centuries of war, crisis and opportunity, it reminds readers that American banking was never a fixed enterprise but has evolved in tandem with the country. “This project sheds tremendous light into the dynamic nature of our nation’s financial history,” said Charles M. Royce, CEO of The Royce Funds who is also the underwriter of the project. “One can never completely understand the future without a comprehension of the past. In an easyto-read and understandable manner, this book gives a narrative history that is accessible by all — from the newcomer working at a bank to the finance professional, from the student to the scholar, from the practitioner to the regulator.” David Cowen, President and CEO of the Museum, said, “The histories of US financial institutions are complex with implications that have greatly influenced the way we all work and live today.  We are proud and excited to be a part of this project, as our goal as a Museum is to continually be an educator about the history of American finance — past, present and future.” A companion website featuring the un­abridged family trees of each bank is available at www.moaf.org/newbook.  MoAF Bitcoin Event Draws Record Crowd More than 300 people attended the Museum’s February 11 event on “Bitcoin and the Future of Payments Technology.” The program featured a fireside chat with former US Treasury Secretary and President Emeritus of Harvard University Lawrence H. Summers conducted by Michael Casey, senior columnist for global finance at The Wall Street Journal, followed by a panel discussion. Participants included Jeremy Allaire, founder and CEO of Circle; Charles Cascarilla, CEO and co-founder of itBit; Lawrence Goodman, president of the Center for Financial Stability; and Paul Vigna, reporter and “Money Beat” host at The Wall Street Journal. The event was sponsored by Voya Financial and coincided with the launch of Casey and Vigna’s new book, The Age of Cryptocurrency: How Bitcoin and Digital Money are Challenging the Global Economic Order.  Elsa Ruiz Museum Launches Book and Website Tracing the “Family Trees” of the 50 Largest US Banks Former US Treasury Secretary Lawrence H. Summers spoke at the Museum’s Bitcoin panel in February. MAY 1 1792 One of the first IPOs in US history is launched, as the Western and Northern Inland Lock Navigation Companies go public at the Tontine Coffee House in New York City and Lewis’ Tavern in Albany. 6    FINANCIAL HISTORY  |  Spring 2015  | www.MoAF.org MAY 6 1870 Amadeo Peter Giannini is born in California. Thirty-four years later, he founds the Bank of Italy in San Francisco. Today, as Bank of America, it is one of the world’s largest financial institutions.