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These cardholder blunders are not any laughing matter at April Fool’s time or any time of yr. The Bank of England was the primary to begin the permanent challenge of banknotes , in 1695. 9 The Royal Bank of Scotland established the first overdraft facility in 1728. 10 By the start of the nineteenth century a bankers’ clearing house was established in London to allow a variety of banks to clear transactions. The Rothschilds pioneered worldwide finance on a large scale, financing the acquisition of the Suez canal for the British government.
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