Financials: The History of Banking in America

<p><span style="font-family: Calibri;">It is no exaggeration to say that banks, and the credit they provide, grease the wheels of the American economy. But a look back at the last 150 years of banking reveals that the path hasn’t always been smooth for the nation’s leading lenders, including </span><strong><span style="font-family: Calibri;">JPMorgan Chase</span></strong><span style="font-family: Calibri;"> (NYSE: JPM), </span><strong><span style="font-family: Calibri;">Bank of America</span></strong><span style="font-family: Calibri;"> (NYSE: BAC), and </span><strong><span style="font-family: Calibri;">Citigroup</span></strong><span style="font-family: Calibri;"> (NYSE: C).</span></p> <p><span style="font-family: Calibri;">In this episode of </span><em><span style="font-family: Calibri;">Industry Focus: Financials</span></em><span style="font-family: Calibri;">, Gaby Lapera and John Maxfield trace this past back to the 1860s, when the modern American banking system was established to help the Union Army finance the Civil War.</span></p>