A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. A bank connects customers that have capital deficits to customers with capital surpluses.^{[citation needed]}

Due to their critical status within the financial system and the economy^{[citation needed]} generally, banks are highly regulated in most countries. Most banks operate under a system known as fractional reserve banking where they hold only a small reserve of the funds deposited and lend out the rest for profit. They are generally subject to minimum capital requirements which are based on an international set of capital standards, known as the Basel Accords.

The oldest bank still in existence is Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.

Banking in the modern sense of the word can be traced to medieval and early Renaissance Italy, to the rich cities in the north like Florence, Venice and Genoa. The Bardi and Peruzzi families dominated banking in 14th century Florence, establishing branches in many other parts of Europe. Perhaps the most famous Italian bank was the Medici bank, set up by Giovanni Medici in 1397. The earliest known state deposit bank, Banco di San Giorgio (Bank of St. George), was founded in 1407 at Genoa, Italy.

Godfrey Bloom (born 22 November 1949 in London) is a Member of the European Parliament for Yorkshire and the Humber for the United Kingdom Independence Party (UKIP). He was first elected in 2004, and re-elected in 2009.

Before becoming an MEP, Bloom worked as a financial economist.

Godfrey Bloom is the president of the European Alliance for Freedom, a eurosceptic pan-European political party.

In 2004, Bloom's election to the Yorkshire and the Humber seat was the UKIP's first seat in the region in the European elections.

A few weeks after his appointment to the European Parliament's Committee on Women's Rights and Gender Equality on 20 July 2004, Bloom told an interview in Strasbourg that, "No self-respecting small businessman with a brain in the right place would ever employ a lady of child-bearing age. That isn't politically correct, is it, but it's a fact of life. The more women's rights you have, it's actually a bar to their employment." Around the same time, he was reported^{[by whom?]} as commenting, "I just don't think [women] clean behind the fridge enough" and that "I am here to represent Yorkshire women who always have dinner on the table when you get home."

Elizabeth Warren (born June 22, 1949) is an American bankruptcy law expert, policy advocate, Harvard Law School professor, and Democratic Party candidate in the 2012 United States Senate election in Massachusetts. She has written several academic and popular books concerning the American economy and personal finance. She contributed to the oversight of the 2008 U.S. bailout program, and also led the conception and establishment of the Consumer Financial Protection Bureau.

Born in Oklahoma City, Oklahoma, Warren attended The George Washington University and the University of Houston. She received a J.D. from Rutgers School of Law–Newark in 1976. Warren taught law at several universities and was listed by the Association of American Law Schools as a minority law professor throughout the 1980s and 1990s. In the wake of the U.S. financial crisis, Warren served as chair of the Congressional Oversight Panel created to oversee the Troubled Assets Relief Program in 2008. She later served as Assistant to the President and Special Advisor to the Secretary of the Treasury for the Consumer Financial Protection Bureau under U.S. President Barack Obama.