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clearing

(Encyclopedia)clearing, in banking, the periodic settling of bankers' claims against each other, for which local banks establish clearinghouse associations. Clearinghouses are said to have existed in Florence by a....

Wriston, Walter Bigelow

(Encyclopedia)Wriston, Walter Bigelow, 1919–2005, American banker, b. Middletown, Conn., grad. Wesleyan (B.A., 1941); Fletcher School, Tufts Univ. (M.A., 1942). Widely considered the most important and influentia...

Stiglitz, Joseph Eugene

(Encyclopedia)Stiglitz, Joseph Eugene, 1943–, American economist, b. Gary, Ind., Ph.D. Massachusetts Institute of Technology, 1967. He has taught at a number of educational institutions, including Stanford (1974...

Law, John

(Encyclopedia)Law, John, 1671–1729, Scottish financier in France, b. Edinburgh. After killing a man in a duel (1694) he fled to Amsterdam, where he studied banking. Returning to Scotland (1700), he proposed to Pa...

Laffitte, Jacques

(Encyclopedia)Laffitte, Jacques zhäk läfētˈ [key], 1767–1844, French banker and politician. He rose from poverty to become one of the wealthiest and most influential men in France. He was director (1809) and ...

Martin, William McChesney, Jr.

(Encyclopedia)Martin, William McChesney, Jr., 1906–98, U.S. banker, chairman of the Board of Governors of the Federal Reserve System (1951–70), b. St. Louis. After an early career as a stockbroker, Martin becam...

Koivisto, Mauno Henrik

(Encyclopedia)Koivisto, Mauno Henrik mouˈnō hĕnˈrĭk koiˈvēstō [key], 1923–2017, Finnish politician. He was director of the Helsinki Workers' Savings Bank (1959–68) and then governor of the Bank of Finla...

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