111-589: Not to be confused with templar . Templer is an English surname, and may refer to: Bernhard Templer (1865–1935), Austrian Jewish theologian Cherie Templer (1856–1915), New Zealand painter George Templer (1781–1843), builder of the Haytor Granite Tramway, Devon, England Field Marshal Sir Gerald (Walter Robert) Templer (1898-1979), British Army officer who fought in WWI and WWII James Templer (1722–1782) ,
222-703: A monastic Catholic religious order for the protection of these pilgrims. King Baldwin and Patriarch Warmund agreed to the request, probably at the Council of Nablus in January 1120, and the king granted the Templars a headquarters in a wing of the royal palace on the Temple Mount in the captured Al-Aqsa Mosque . The order, with about nine knights including Godfrey de Saint-Omer and André de Montbard , had few financial resources and relied on donations to survive. Their emblem
333-768: A British civil engineer James Templer (canal builder) (1748–1813), builder of the Stover Canal, Devon, England James Templer (balloon aviator) (1846–1924), early British military pioneer of balloons John Charles Templer (1814–1874), British lawyer Karl Templer ( fl. 1994–2009), British-born New York-based fashion stylist Pamela Templer , American ecosystem ecologist Simon and Peggy Templer (1910s–1990s), British couple dedicated to rescuing mistreated chimpanzees in Spain See also [ edit ] Templer (disambiguation) Templers (Pietist sect) [REDACTED] Surname list This page lists people with
444-412: A bank account is considered indispensable by most businesses and individuals. Non-banks that provide payment services such as remittance companies are normally not considered as an adequate substitute for a bank account. Banks issue new money when they make loans. In contemporary banking systems, regulators set a minimum level of reserve funds that banks must hold against the deposit liabilities created by
555-495: A document indicating the value of their deposit, then showed that document upon arrival in the Holy Land to claim treasure of equal value to their funds. This innovative arrangement was an early form of banking and may have been the first use of bank cheques ; it protected pilgrims from robbery, while augmenting Templar finances. Based on this mix of donations and business dealings, the Templars established financial networks across
666-445: A fee for that service. In exchange for each deposit of precious metal, the goldsmiths issued receipts certifying the quantity and purity of the metal they held as a bailee ; these receipts could not be assigned, only the original depositor could collect the stored goods. Gradually the goldsmiths began to lend money out on behalf of the depositor , and promissory notes , which evolved into banknotes, were issued for money deposited as
777-608: A force of French, Spanish, and English Templars left France to join the Second Crusade , led by King Louis VII . At a meeting held in Paris on 27 April 1147 they were given permission by Pope Eugenius III to wear the red cross on their uniforms. They were led by the Templar provincial master in France, Everard des Barres , who was later one of the ambassadors that King Louis sent to negotiate
888-425: A large number of small to medium-sized institutions in its banking system. As of November 2009, China's top four banks have in excess of 67,000 branches ( ICBC :18000+, BOC :12000+, CCB :13000+, ABC :24000+) with an additional 140 smaller banks with an undetermined number of branches. Japan had 129 banks and 12,000 branches. In 2004, Germany, France, and Italy each had more than 30,000 branches – more than double
999-417: A loan to the goldsmith. Thus, by the 19th century, we find in ordinary cases of deposits, of money with banking corporations, or bankers, the transaction amounts to a mere loan, or mutuum , and the bank is to restore, not the same money, but an equivalent sum, whenever it is demanded and money, when paid into a bank, ceases altogether to be the money of the principal (see Parker v. Marchant, 1 Phillips 360); it
1110-622: A major Templar presence (France, Poitou , Anjou , Jerusalem, England , Spain , Portugal , Italy , Tripoli , Antioch , Hungary , and Croatia ) had a Master of the Order for the Templars in that region. All of them were subject to the Grand Master, appointed for life, who oversaw both the order's military efforts in the East and their financial holdings in the West. The Grand Master exercised his authority via
1221-518: A mixed Muslim-Christian heritage who became Christians, or members of the local population in Syria . Sometime in the 13th century, turcopole became a formal rank held by Templar brothers, including Latin Christians. Starting with founder Hugues de Payens, the order's highest office was that of Grand Master, a position which was held for life, though considering the martial nature of the order, this could mean
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#17328485104801332-528: A portion of their current liabilities. In addition to other regulations intended to ensure liquidity , banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords . Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in
1443-416: A safe and convenient form of money backed by the goldsmith's promise to pay, allowing goldsmiths to advance loans with little risk of default . Thus the goldsmiths of London became the forerunners of banking by creating new money based on credit. The Bank of England originated the permanent issue of banknotes in 1695. The Royal Bank of Scotland established the first overdraft facility in 1728. By
1554-695: A tenth were actual knights. There was a threefold division of the ranks of the Templars: the noble knights, the non-noble sergeants, and the chaplains. The knights wear white mantles to symbolise their purity and chastity. The sergeants wore black or brown. All three classes of brothers wore the order's red cross. Before they received their monastic rule in 1129 at the Council of Troyes, the Templars were referred to only as knights ( milites in Latin), and after 1129 they were also called brothers of their monastic order. Therefore
1665-596: A tort et a péché. Il va bientôt arriver malheur à ceux qui nous ont condamnés à mort" ("God knows who is wrong and has sinned. Soon a calamity will occur to those who have condemned us to death"). Clement died only a month later, and Philip died while hunting within the same year. The remaining Templars around Europe were either arrested and tried under the Papal investigation (with virtually none convicted), absorbed into other Catholic military orders, or pensioned off and allowed to live out their days peacefully. By papal decree,
1776-399: A variety of different ways including interest, transaction fees and financial advice. Traditionally, the most significant method is via charging interest on the capital it lends out to customers. The bank profits from the difference between the level of interest it pays for deposits and other sources of funds, and the level of interest it charges in its lending activities. This difference
1887-576: A very short tenure. All but two of the Grand Masters died in office, and several died during military campaigns. For example, during the Siege of Ascalon in 1153, Grand Master Bernard de Tremelay led a group of 40 Templars through a breach in the city walls. When the rest of the Crusader army did not follow, the Templars, including their Grand Master, were surrounded and beheaded. Grand Master Gérard de Ridefort
1998-514: A year earlier), was sent to retake the town after it was captured by Muslims. They were initially successful, but the Muslims regrouped outside the town and were able to take it back from the Templars. The Order's mission also developed from protecting pilgrims to taking part in regular military campaigns early on, and this is shown by the fact that the first castle received by the Knights Templar
2109-557: Is Berenberg Bank (founded in 1590). Banking as an archaic activity (or quasi-banking ) is thought to have begun as early as the end of the 4th millennium BCE, to the 3rd millennia BCE. The present era of banking can be traced to medieval and early Renaissance Italy, to the rich cities in the centre and north like Florence , Lucca , Siena , Venice and Genoa . The Bardi and Peruzzi families dominated banking in 14th-century Florence, establishing branches in many other parts of Europe. Giovanni di Bicci de' Medici set up one of
2220-446: Is a bank regulation , which sets a framework within which a bank or depository institution must manage its balance sheet . The categorisation of assets and capital is highly standardised so that it can be risk weighted . After the financial crisis of 2007–2008 , regulators force banks to issue Contingent convertible bonds (CoCos). These are hybrid capital securities that absorb losses in accordance with their contractual terms when
2331-400: Is a Bills of Exchange Act that codifies the law in relation to negotiable instruments , including cheques, and this Act contains a statutory definition of the term banker : banker includes a body of persons, whether incorporated or not, who carry on the business of banking' (Section 2, Interpretation). Although this definition seems circular, it is actually functional, because it ensures that
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#17328485104802442-403: Is a list of the largest deals in history in terms of value with participation from at least one bank: Currently, commercial banks are regulated in most jurisdictions by government entities and require a special bank license to operate. Usually, the definition of the business of banking for the purposes of regulation is extended to include acceptance of deposits, even if they are not repayable to
2553-670: Is different from Wikidata All set index articles Templar The Poor Fellow-Soldiers of Christ and of the Temple of Solomon , mainly known as the Knights Templar , was a French military order of the Catholic faith, and one of the wealthiest and most popular military orders in Western Christianity . They were founded c. 1119 to defend pilgrims on their way to Jerusalem , with their headquarters located there on
2664-431: Is referred to as the spread between the cost of funds and the loan interest rate. Historically, profitability from lending activities has been cyclical and dependent on the needs and strengths of loan customers and the stage of the economic cycle . Fees and financial advice constitute a more stable revenue stream and banks have therefore placed more emphasis on these revenue lines to smooth their financial performance. In
2775-477: Is then the money of the banker, who is bound to return an equivalent, by paying a similar sum to that deposited with him, when he is asked for it. The goldsmith paid interest on deposits. Since the promissory notes were payable on demand, and the advances (loans) to the goldsmith's customers were repayable over a longer time-period, this was an early form of fractional reserve banking . The promissory notes developed into an assignable instrument which could circulate as
2886-509: The British captured it from the Ottoman Empire . The Templars were forced to relocate their headquarters to other cities in the north, such as the seaport of Acre , which they held for the next century. It was lost in 1291, followed by their last mainland strongholds, Tortosa ( Tartus in present-day Syria ) and Atlit (in present-day Israel ). Their headquarters then moved to Limassol on
2997-413: The Council of Pisa in 1135, Pope Innocent II initiated the first papal monetary donation to the Order. Another major benefit came in 1139, when Innocent II's papal bull Omne Datum Optimum exempted the order from obedience to local laws. This ruling meant that the Templars could pass freely through all borders, were not required to pay any taxes and were exempt from all authority except that of
3108-705: The Federal Deposit Insurance Corporation (FDIC) as a regulator. However, for soundness examinations (i.e., whether a bank is operating in a sound manner), the Federal Reserve is the primary federal regulator for Fed-member state banks; the Office of the Comptroller of the Currency (OCC) is the primary federal regulator for national banks. State non-member banks are examined by the state agencies as well as
3219-631: The Great Depression , the U.S. Savings and Loan crisis in the 1980s and early 1990s, the Japanese banking crisis during the 1990s, and the sub-prime mortgage crisis in the 2000s. The 2023 global banking crisis is the latest of these crises: In March 2023, liquidity shortages and bank insolvencies led to three bank failures in the United States , and within two weeks, several of the world's largest banks failed or were shut down by regulators Assets of
3330-598: The Holy Land . The Templars were closely tied to the Crusades. As they became unable to secure their holdings in the Holy Land, support for the order faded. Rumours about the Templars' secret initiation ceremony created distrust, and King Philip IV of France , deeply in debt to the order, turned this distrust to his own advantage. In 1307, he pressured Pope Clement V to have many of the order's members in France arrested, tortured into giving false confessions, and then burned at
3441-620: The Holy Land . Although the city of Jerusalem was relatively secure under Christian control, the rest of Outremer was not. Bandits and marauding highwaymen preyed upon these Christian pilgrims, who were routinely slaughtered, sometimes by the hundreds, as they attempted to make the journey from the coastline at Jaffa through to the interior of the Holy Land. In 1119, the French knight Hugues de Payens approached King Baldwin II of Jerusalem and Warmund, Patriarch of Jerusalem , and proposed creating
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3552-563: The Renaissance by Florentine bankers, who used to make their transactions atop desks covered by green tablecloths. The definition of a bank varies from country to country. See the relevant country pages for more information. Under English common law , a banker is defined as a person who carries on the business of banking by conducting current accounts for their customers, paying cheques drawn on them and also collecting cheques for their customers. In most common law jurisdictions there
3663-527: The Temple Mount , and existed for nearly two centuries during the Middle Ages . Officially endorsed by the Roman Catholic Church by such decrees as the papal bull Omne datum optimum of Pope Innocent II , the Templars became a favoured charity throughout Christendom and grew rapidly in membership and power. The Templar knights, in their distinctive white mantles with a red cross , were among
3774-494: The Vatican Archives by Barbara Frale , apparently after having been filed in the wrong place in 1628. It is a record of the trial of the Templars and shows that Clement absolved the Templars of all heresies in 1308 before formally disbanding the order in 1312, as did another Chinon Parchment dated 20 August 1308 addressed to Philip IV of France , also mentioning that all Templars that had confessed to heresy were "restored to
3885-704: The ancient world . In the history of banking , a number of banking dynasties – notably, the Medicis , the Pazzi , the Fuggers , the Welsers , the Berenbergs , and the Rothschilds – have played a central role over many centuries. The oldest existing retail bank is Banca Monte dei Paschi di Siena (founded in 1472), while the oldest existing merchant bank
3996-599: The reborn Sunni regime in Egypt . Dissension arose among Christian factions in and concerning the Holy Land. The Knights Templar were occasionally at odds with the two other Christian military orders , the Knights Hospitaller and the Teutonic Knights , and decades of internecine feuds weakened Christian positions, both politically and militarily. After the Templars were involved in several unsuccessful campaigns, including
4107-411: The surname Templer . If an internal link intending to refer to a specific person led you to this page, you may wish to change that link by adding the person's given name (s) to the link. Retrieved from " https://en.wikipedia.org/w/index.php?title=Templer&oldid=1086157260 " Category : Surnames Hidden categories: Articles with short description Short description
4218-424: The turcopolier commanded auxiliary forces, and the prior was the head of the church at the headquarters. The headquarters and its most senior officials were known as the convent and its role was to assist and advise the Grand Master with running the administration of the Order. No precise numbers exist, but it is estimated that at the order's peak, there were between 15,000 and 20,000 Templars, of whom about
4329-474: The 15,000 branches in the United Kingdom. Between 1985 and 2018 banks engaged in around 28,798 mergers or acquisitions, either as the acquirer or the target company. The overall known value of these deals cumulates to around 5,169 bil. USD. In terms of value, there have been two major waves (1999 and 2007) which both peaked at around 460 bil. USD followed by a steep decline (−82% from 2007 until 2018). Here
4440-621: The Cross, but only from my mouth and not from my heart"). The Templars were accused of idolatry and were charged with worshipping either a figure known as Baphomet or a mummified severed head they recovered, amongst other artefacts, at their original headquarters on the Temple Mount. Some have theorised that this head might have been believed to be that of John the Baptist , among other things. Relenting to King Phillip's demands, Pope Clement then issued
4551-576: The Crusaders states of Antioch, Tripoli , and Edessa his vassals between 1137 and 1142. Templar knights accompanied Emperor John II with troops from those states during his campaign against Muslim powers in Syria from 1137 to 1138, including at the sieges of Aleppo and Shaizar . In 1143, the Templars also began taking part in the Reconquista in Iberia at the request of the count of Barcelona . In 1147
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4662-522: The FDIC. National banks have one primary regulator – the OCC. Each regulatory agency has its own set of rules and regulations to which banks and thrifts must adhere. The Federal Financial Institutions Examination Council (FFIEC) was established in 1979 as a formal inter-agency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions. Although
4773-408: The Grand Master. These were held as temporary appointments rather than for life. The second-in-command of the Order was the seneschal . The highest ranking military official was the marshal , while the preceptor (who was also sometimes called the commander) was responsible for the administration and provisions. The draper was responsible for their uniforms, the treasurer was in charge of finance,
4884-469: The Holy Land. With the order's military mission now less important, support for the organization began to dwindle. The situation was complex, however, since during the two hundred years of their existence, the Templars had become a part of daily life throughout Christendom. The organization's Templar Houses, hundreds of which were dotted throughout Europe and the Near East , gave them a widespread presence at
4995-607: The Latin East. In the kingdoms of Castile and León, they obtained some major strongholds (such as Calatrava la Vieja or Coria ), but their vulnerablility along the border was exposed during the Almohad offensive. In Aragon, the Templars subsumed the Order of Mountjoy in the late 12th century, becoming an important vanguard force on the border, while in Portugal they commanded some castles along
5106-509: The Levant still under Muslim control. Gaza was given to the Knights Templar, becoming the first major Templar castle. In 1152 Everard stepped down as the Grand Master of the Order for unknown reasons, and his successor was Bernard de Tremelay . In January of the following year, Bernard led the Templars when King Baldwin III led a Crusader army to besiege Ascalon . Several months of fighting went by until
5217-679: The Middle East are vague, though it appears their first battles were defeats, because the Seljuk Turks and other Muslim powers used different tactics than those in Europe at that time. In later years, the Templars adapted to this and also became strategic advisors to the leaders of the Crusader states. The first recorded battle involving the Knights Templar was in the town of Teqoa , south of Jerusalem, in 1138. A force of Templars led by their Grand Master, Robert de Craon (who succeeded Hugues de Payens about
5328-687: The Order of Solomon's Temple, and mainly the Knights Templar ( French : Les Chevaliers Templiers ), or simply the Templars ( French : Les Templiers ). The Temple Mount where they had their headquarters had a mystique because it was above what was believed to be the ruins of the Temple of Solomon . After the Franks in the First Crusade captured Jerusalem from the Fatimid Caliphate in 1099, many Christians made pilgrimages to various sacred sites in
5439-436: The Order on 26 February 1310: Henri Zappellans or Chapelain, Anceau de Rocheria, Enard de Valdencia, Guillaume de Roy, Geoffroy de Cera or de La Fere-en-Champagne, Robert Harle or de Hermenonville, and Dreux de Chevru. Some had sufficient legal experience to defend themselves in the trials , but in 1310, having appointed the archbishop of Sens , Philippe de Marigny, to lead the investigation, Philip blocked this attempt, using
5550-426: The Order was assigned "4 horses, and one chaplain-brother and one clerk with three horses, and one sergeant brother with two horses, and one gentleman valet to carry his shield and lance, with one horse". As the order grew, more guidelines were added, and the original list of 72 clauses was expanded to several hundred in its final form. Banking A bank is a financial institution that accepts deposits from
5661-568: The Sacraments and to the unity of the Church". This other Chinon Parchment has been well known to historians, having been published by Étienne Baluze in 1693 and by Pierre Dupuy in 1751. The current position of the Roman Catholic Church is that the medieval persecution of the Knights Templar was unjust, that nothing was inherently wrong with the order or its rule, and that Pope Clement
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#17328485104805772-618: The Tagus line. One of these was Tomar, which was unsuccessfully besieged by the Almohad Caliphate in 1190. Due to the expense of sending a third of their revenues to the East, Templar and Hospitaller activities in the Iberian Peninsula were at a disadvantage to the Hispanic military orders expended all their resources in the region. The details of the Order's early military activities in
5883-607: The Templar Order controlled vast wealth even beyond direct donations. A nobleman participating in the Crusades might place all his assets under Templar management during his absence. Accumulating wealth in this manner throughout Christendom and the Outremer, in 1150 the order began to issue letters of credit for pilgrims journeying to the Holy Land: pilgrims deposited their valuables with a local Templar preceptory before embarking, received
5994-589: The Templars considered their ships to be mainly for commerce rather than military purposes. From 1139, chaplains constituted a third Templar rank. They were ordained priests who cared for the Templars' spiritual needs. These Templar clerics were also referred to as priest brothers or chaplain brothers. The Templars also employed lightly armed mercenaries as cavalry in the 12th century that were known as turcopoles (the Greek term for descendants of Turks). Its meaning has been interpreted as either referring to people of
6105-613: The Templars were charged with numerous other offences such as financial corruption, fraud, and secrecy. Many of the accused confessed to these charges under torture (even though the Templars denied being tortured in their written confessions), and their confessions, even though obtained under duress , caused a scandal in Paris. The prisoners were coerced to confess that they had spat on the Cross. One said: "Moi, Raymond de La Fère, 21 ans, reconnais que [j'ai] craché trois fois sur la Croix, mais de bouche et pas de cœur" ("I, Raymond de La Fère, 21 years old, admit that I have spat three times on
6216-550: The Templars were indicating an interest in founding their own monastic state, just as the Teutonic Knights had done in Prussia and the Baltic and the Knights Hospitaller were doing in Rhodes . The Templars were accused of enabling corruption in their ranks which often allowed them to influence the legal systems of Europe to act in their favor and gain influence over local rulers' lands at
6327-567: The UK, for example, the Financial Services Authority licenses banks, and some commercial banks (such as the Bank of Scotland ) issue their own banknotes in addition to those issued by the Bank of England , the UK government's central bank. Banking law is based on a contractual analysis of the relationship between the bank (defined above) and the customer – defined as any entity for which
6438-449: The armour of steel. He is thus doubly armed, and need fear neither demons nor men. ― Bernard of Clairvaux , c. 1135 De Laude Novae Militae – In Praise of the New Knighthood Although the primary mission of the order was military, relatively few members were combatants. The majority acted in support positions to assist the knights and manage their financial infrastructure. Although individual members were sworn to poverty,
6549-639: The bank agrees to conduct an account. The law implies rights and obligations into this relationship as follows: These implied contractual terms may be modified by express agreement between the customer and the bank. The statutes and regulations in force within a particular jurisdiction may also modify the above terms or create new rights, obligations, or limitations relevant to the bank-customer relationship. Some types of financial institutions, such as building societies and credit unions , may be partly or wholly exempt from bank license requirements, and therefore regulated under separate rules. The requirements for
6660-411: The bank will not repay it), and interest rate risk (the possibility that the bank will become unprofitable, if rising interest rates force it to pay relatively more on its deposits than it receives on its loans). Banking crises have developed many times throughout history when one or more risks have emerged for the banking sector as a whole. Prominent examples include the bank run that occurred during
6771-667: The bank, and collecting cheques deposited to customers' current accounts. Banks also enable customer payments via other payment methods such as Automated Clearing House (ACH), Wire transfers or telegraphic transfer , EFTPOS , and automated teller machines (ATMs). Banks borrow money by accepting funds deposited on current accounts, by accepting term deposits , and by issuing debt securities such as banknotes and bonds . Banks lend money by making advances to customers on current accounts, by making installment loans , and by investing in marketable debt securities and other forms of money lending. Banks provide different payment services, and
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#17328485104806882-559: The beginning of the 19th century Lubbock's Bank had established a bankers' clearing house in London to allow multiple banks to clear transactions. The Rothschilds pioneered international finance on a large scale, financing the purchase of shares in the Suez canal for the British government in 1875. The word bank was taken into Middle English from Middle French banque , from Old Italian banco , meaning "table", from Old High German banc, bank "bench, counter". Benches were used as makeshift desks or exchange counters during
6993-515: The business of banking for the purposes of the legislation, and not necessarily in general. In particular, most of the definitions are from legislation that has the purpose of regulating and supervising banks rather than regulating the actual business of banking. However, in many cases, the statutory definition closely mirrors the common law one. Examples of statutory definitions: Since the advent of EFTPOS (Electronic Funds Transfer at Point Of Sale), direct credit, direct debit and internet banking ,
7104-533: The capital of the issuing bank falls below a certain level. Then debt is reduced and bank capitalisation gets a boost. Owing to their capacity to absorb losses, CoCos have the potential to satisfy regulatory capital requirement. The economic functions of banks include: Banks are susceptible to many forms of risk which have triggered occasional systemic crises. These include liquidity risk (where many depositors may request withdrawals in excess of available funds), credit risk (the chance that those who owe money to
7215-483: The cheque has lost its primacy in most banking systems as a payment instrument. This has led legal theorists to suggest that the cheque based definition should be broadened to include financial institutions that conduct current accounts for customers and enable customers to pay and be paid by third parties, even if they do not pay and collect cheques . Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers in
7326-423: The cross-selling of complementary products. Banks face a number of risks in order to conduct their business, and how well these risks are managed and understood is a key driver behind profitability, and how much capital a bank is required to hold. Bank capital consists principally of equity , retained earnings and subordinated debt . Some of the main risks faced by banks include: The capital requirement
7437-408: The customer's order – although money lending, by itself, is generally not included in the definition. Unlike most other regulated industries, the regulator is typically also a participant in the market, being either publicly or privately governed central bank . Central banks also typically have a monopoly on the business of issuing banknotes . However, in some countries, this is not the case. In
7548-659: The devastating defeat at the Battle of Hattin. The last Grand Master was Jacques de Molay , burned at the stake in Paris in 1314 by order of King Philip IV. Bernard de Clairvaux and founder Hugues de Payens devised a specific code of conduct for the Templar Order, known to modern historians as the Latin Rule . Its 72 clauses laid down the details of the knights' way of life, including the types of garments they were to wear and how many horses they could have. Knights were to take their meals in silence, eat meat no more than three times per week, and not have physical contact of any kind with women, even members of their own family. A Master of
7659-399: The enemy lines ahead of the main army. One of their most famous victories was in 1177 during the Battle of Montgisard , where some 500 Templar knights helped several thousand infantry to defeat Saladin 's army of more than 26,000 soldiers. A Templar Knight is truly a fearless knight, and secure on every side, for his soul is protected by the armour of faith, just as his body is protected by
7770-454: The expense of the rulers. In 1305, the new Pope Clement V , based in Avignon , France, sent letters to both the Templar Grand Master Jacques de Molay and the Hospitaller Grand Master Fulk de Villaret to discuss the possibility of merging the two orders. Neither was amenable to the idea, but Pope Clement persisted, and in 1306 he invited both Grand Masters to France to discuss the matter. De Molay arrived first in early 1307, but de Villaret
7881-589: The funding of these loans, in order to ensure that the banks can meet demands for payment of such deposits. These reserves can be acquired through the acceptance of new deposits, sale of other assets, or borrowing from other banks including the central bank. Activities undertaken by banks include personal banking , corporate banking , investment banking , private banking , transaction banking , insurance , consumer finance , trade finance and other related. Banks offer many different channels to access their banking and other services: A bank can generate revenue in
7992-510: The influence of Philip & the crown. Under his protection, Templar organizations simply changed their name, from "Knights Templar" to the reconstituted Order of Christ and also a parallel Supreme Order of Christ of the Holy See ; both are considered successors to the Knights Templar. In September 2001, a document known as the Chinon Parchment dated 17–20 August 1308 was discovered in
8103-554: The island of Cyprus, and they also attempted to maintain a garrison on tiny Arwad Island , just off the coast from Tortosa. In 1300, there was some attempt to engage in coordinated military efforts with the Mongols via a new invasion force at Arwad . In 1302 or 1303, however, the Templars lost the island to the Egyptian Mamluk Sultanate in the siege of Arwad . With the island gone, the Crusaders lost their last foothold in
8214-442: The issue of a bank license vary between jurisdictions but typically include: Banks' activities can be divided into: Most banks are profit-making, private enterprises. However, some are owned by the government, or are non-profit organisations . The United States banking industry is one of the most heavily regulated and guarded in the world, with multiple specialised and focused regulators. All banks with FDIC-insured deposits have
8325-409: The largest 1,000 banks in the world grew by 6.8% in the 2008–2009 financial year to a record US$ 96.4 trillion while profits declined by 85% to US$ 115 billion. Growth in assets in adverse market conditions was largely a result of recapitalisation. EU banks held the largest share of the total, 56% in 2008–2009, down from 61% in the previous year. Asian banks' share increased from 12% to 14% during
8436-576: The late 12th century the Templars were also politically powerful in the Holy Land. Secular nobles in the Kingdom of Jerusalem began granting them castles and surrounding lands as a defense against the growing threat of the Zengids in Syria . The Templars were even allowed to negotiate with Muslim rulers independently of the feudal lords. The Templar castles became de facto independent lordships with their own markets, further growing their political authority. During
8547-450: The legal basis for bank transactions such as cheques does not depend on how the bank is structured or regulated. The business of banking is in many common law countries not defined by statute but by common law, the definition above. In other English common law jurisdictions there are statutory definitions of the business of banking or banking business . When looking at these definitions it is important to keep in mind that they are defining
8658-474: The letter In Praise of the New Knighthood , and in 1129, at the Council of Troyes , he led a group of leading churchmen to officially approve and endorse the order on behalf of the church. With this formal blessing, the Templars became a favoured charity throughout Christendom , receiving money, land, businesses, and noble-born sons from families who were eager to help with the fight in the Holy Land . At
8769-532: The local level. The Templars still managed many businesses, and many Europeans had daily contact with the Templar network, such as by working at a Templar farm or vineyard , or using the order as a bank in which to store personal valuables. The order was still not subject to local government, making it everywhere a "state within a state" – its standing army , although it no longer had a well-defined mission, could pass freely through all borders. This situation heightened tensions with some European nobility, especially as
8880-481: The most famous Italian banks, the Medici Bank , in 1397. The Republic of Genoa founded the earliest-known state deposit bank, and Banco di San Giorgio (Bank of St. George), in 1407 at Genoa , Italy. Fractional reserve banking and the issue of banknotes emerged in the 17th and 18th centuries. Merchants started to store their gold with the goldsmiths of London , who possessed private vaults , and who charged
8991-521: The most skilled fighting units of the Crusades . They were prominent in Christian finance ; non-combatant members of the order, who made up as much as 90% of their members, managed a large economic infrastructure throughout Christendom. They developed innovative financial techniques that were an early form of banking , building a network of nearly 1,000 commanderies and fortifications across Europe and
9102-405: The order but were instead outsiders who were hired for a set period of time. The Templars did not perform knighting ceremonies, so anyone wishing to become a knight in the Templar had to be a knight already. Beneath the knights in the order and drawn from non-noble families were the sergeants. They brought vital skills and trades from blacksmiths and builders, including administration of many of
9213-513: The order's European properties. In the Crusader States , they fought alongside the knights as light cavalry with a single horse. Several of the order's most senior positions were reserved for sergeants, including the post of Commander of the Vault of Acre, who was also the de facto admiral of the Templar fleet. But he was subordinated to the Order's preceptor instead of the marshal, indicating that
9324-516: The order, and Ad providam , which turned over most Templar assets to the Hospitallers. As for the leaders of the order, the elderly Grand Master Jacques de Molay, who had confessed under torture, retracted his confession. Geoffroi de Charney , Preceptor of Normandy , also retracted his confession and insisted on his innocence. Both men, under pressure from the king, were declared guilty of being relapsed heretics and sentenced to burn alive at
9435-459: The papal bull Pastoralis praeeminentiae on 22 November 1307, which instructed all Christian monarchs in Europe to arrest all Templars and seize their assets. Clement called for papal hearings to determine the Templars' guilt or innocence, and once freed of the Inquisitors ' torture, many Templars recanted their confessions. Several Templars are listed as having come from Gisors to defend
9546-528: The passage of the Crusader army through the Byzantine Empire on its way to the Holy Land. During the dangerous journey of the Second Crusade through Anatolia , the Templars provided security to the rest of the army from Turkish raids. After the Crusaders arrived in 1148, the kings Louis VII, Conrad III of Germany , and Baldwin III of Jerusalem made the decision to capture Damascus , but their siege in
9657-455: The past 20 years, American banks have taken many measures to ensure that they remain profitable while responding to increasingly changing market conditions. This helps in making a profit and facilitates economic development as a whole. Recently, as banks have been faced with pressure from fintechs, new and additional business models have been suggested such as freemium, monetisation of data, white-labeling of banking and payment applications, or
9768-554: The pivotal Battle of Hattin , Jerusalem was recaptured by Muslim forces under Saladin in 1187. The Holy Roman Emperor Frederick II reclaimed the city for Christians in the Sixth Crusade of 1229, without Templar aid, but only held it for a little more than a decade. In 1244, the Ayyubid dynasty together with Khwarezmi mercenaries recaptured Jerusalem, and the city did not return to Western control until 1917 when, during World War I ,
9879-478: The pope. However, in practice, they often had to respect the wishes of the European rulers in whose kingdoms they resided, especially in their handling of funds for the local noblility in their banks . With its clear mission and ample resources, the order grew rapidly. Templars were often the advance shock troops in key battles of the Crusades, as the heavily armoured knights on their warhorses would charge into
9990-423: The previously forced confessions to have dozens of Templars burned at the stake in Paris. With Philip threatening military action unless the pope complied with his wishes, Clement finally agreed to disband the order, citing the public scandal that had been generated by the confessions. At the Council of Vienne in 1312, he issued a series of papal bulls, including Vox in excelso , which officially dissolved
10101-621: The property of the Templars was transferred to the Knights Hospitaller except in the Kingdoms of Castile, Aragon, and Portugal. Portugal was the first country in Europe where they had settled, occurring only two or three years after the order's foundation in Jerusalem and even having a presence during Portugal's conception. The Portuguese king, Denis I , refused to pursue and persecute the former knights, as had occurred in some other states under
10212-479: The public and creates a demand deposit while simultaneously making loans . Lending activities can be directly performed by the bank or indirectly through capital markets . Whereas banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking , under which banks hold liquid assets equal to only
10323-632: The regency after the death of King Baldwin IV in 1185, the royal castles were placed in the custody of the Templars and Hospitallers : the Grand Masters of the two orders, along with the Patriarch of Jerusalem , each had a key to the crown jewels. From the mid-12th century, the Templars were recruited (jointly with the Hospitallers ) to fight the Muslim kingdoms in the Iberian Peninsula, in addition to their campaigns in
10434-467: The stake in Paris on 18 March 1314. De Molay reportedly remained defiant to the end, asking to be tied in such a way that he could face the Notre Dame Cathedral and hold his hands together in prayer. According to legend, he called out from the flames that both Pope Clement and King Philip would soon meet him before God . His actual words were recorded on the parchment as follows: "Dieu sait qui
10545-457: The stake. Under further pressure, Pope Clement V disbanded the order in 1312. The abrupt disappearance of a major medieval European institution gave rise to speculation and legends, which have currently kept the "Templar" name alive. The Poor Fellow-Soldiers of Christ and of the Temple of Solomon ( Latin : Pauperes commilitones Christi Templique Salomonici and French : Pauvres Chevaliers du Christ et du Temple de Salomon ) are also known as
10656-504: The summer of that year failed and ended with the defeat of the Christian army. In the fall of 1148 some returning Templars took part in the successful siege of Tortosa in Spain , after which one-fifth of that city was given to the Order. Robert de Craon died in January 1149 and was succeeded as Grand Master by Everard des Barres, one of the few leaders at the siege of Damascus whose reputation
10767-453: The three main ranks were eventually known as knight brothers, sergeant brothers, and chaplain brothers. Knights and chaplains were referred to as brothers by 1140, but sergeants were not full members of the Order at first, and this did not change until the 1160s. The knights were the most visible division of the order. They were equipped as heavy cavalry , with three or four horses and one or two squires . Squires were generally not members of
10878-480: The visitors-general of the order, who were knights specially appointed by the Grand Master and convent of Jerusalem to visit the different provinces, correct malpractices, introduce new regulations, and resolve important disputes. The visitors-general had the power to remove knights from office and to suspend the Master of the province concerned. The central headquarters of the Templars had several offices that answered to
10989-555: The vizier of Egypt, when he tried to flee from Cairo to Damascus after losing a power struggle. Abbas was killed and the Templars captured his son, who they later sent back to the Fatimids. In the late 1150s the Egyptians launched raids against the Crusaders in the areas of Gaza and Ascalon. In the mid-12th century, the tide began to turn in the Crusades. The Islamic world had become more united under effective leaders such as Saladin , and
11100-543: The wall of the city was breached in August 1153, at which point Bernard led forty knights into Ascalon. But the rest of the army did not join them and all of the Templars were killed by the Muslim defenders. Ascalon was captured by the rest of the army several days later, and Bernard was eventually succeeded by André de Montbard . After the fall of Ascalon, the Templars continued operating in that region from their castle at Gaza. In June 1154 they attacked Abbas ibn Abi al-Futuh ,
11211-424: The whole of Christendom. They acquired large tracts of land, both in Europe and the Middle East; they bought and managed farms and vineyards; they built massive stone cathedrals and castles; they were involved in manufacturing, import, and export; they owned fleets of ships; and at one point they even owned the entire island of Cyprus . The order arguably qualifies as the world's first multinational corporation . By
11322-536: The winter of 1149 and 1150, King Baldwin III oversaw the reconstruction of the fortress at Gaza City , which had been left in ruins. It was part of the ring of castles that were built along the southern border of the Kingdom of Jerusalem to protect it from raids by the Egyptian Fatimid Caliphate , and specifically from the Fatimid troops at the fortress of Ascalon , which by then was the last coastal city in
11433-675: The words: "Dieu n'est pas content, nous avons des ennemis de la foi dans le Royaume" ("God is not pleased. We have enemies of the faith in the kingdom"). Claims were made that during Templar admissions ceremonies, recruits were forced to spit on the Cross, deny Christ, and engage in indecent kissing; brethren were also accused of worshipping idols , and the order was said to have encouraged homosexual practices. Many of these allegations contain tropes that bear similarities to accusations made against other persecuted groups such as Jews, heretics, and accused witches. These allegations, though, were highly politicised without any real evidence. Still,
11544-459: The year, while the share of US banks increased from 11% to 13%. Fee revenue generated by global investment in banking totalled US$ 66.3 billion in 2009, up 12% on the previous year. The United States has the most banks in the world in terms of institutions (5,330 as of 2015) and possibly branches (81,607 as of 2015). This is an indicator of the geography and regulatory structure of the US, resulting in
11655-541: Was already deeply in debt to the Templars from his war against England , decided to seize upon the rumours for his own purposes. He began pressuring the church to take action against the order, as a way of freeing himself from his debts. At dawn on Friday, 13 October 1307 – a date that helped influence the superstition, but not necessarily the origin, of the popular stories about Friday the 13th – King Philip IV ordered de Molay and scores of other French Templars to be simultaneously arrested. The arrest warrant started with
11766-480: Was beheaded by Saladin in 1189 at the Siege of Acre . The Grand Master oversaw all of the operations of the order, including both the military operations in the Holy Land and Eastern Europe and the Templars' financial and business dealings in Western Europe . Some Grand Masters also served as battlefield commanders, though this was not always wise: several blunders in de Ridefort's combat leadership contributed to
11877-406: Was delayed for several months. While waiting, De Molay and Clement discussed criminal charges that had been made two years earlier by an ousted Templar and were being discussed by King Philip IV of France and his ministers. It was generally agreed that the charges were false, but Clement sent King Philip a written request for assistance in the investigation. According to some historians, Philip, who
11988-629: Was located four hundred miles north of the pilgrim road from Jaffa to Jerusalem, on the northern frontier of the Principality of Antioch : the castle of Bagras in the Amanus Mountains . It may have been as early as 1131, and by 1137 at the latest, that the Templars were given the mountainous region that formed the border of Antioch and Cilician Armenia , and included the castles of Bagras, Darbsak , and Roche de Roissel . The Templars were there when Byzantine emperor John II Komnenos tried to make
12099-586: Was not damaged by the event. After the Second Crusade, Zengid forces under Nur ad-Din of Aleppo attacked the Principality of Antioch , and in June 1149 his army defeated the Crusaders at the Battle of Inab , where Prince Raymond of Antioch was killed. King Baldwin III led reinforcements to the principality, which led Nur to accept a truce with Antioch and not advance any further. The force with King Baldwin included 120 Templar knights and 1,000 sergeants and squires. In
12210-576: Was of two knights riding on a single horse, emphasizing the order's poverty. The impoverished status of the Templars did not last long. They had a powerful advocate in Saint Bernard of Clairvaux , a leading Church figure, the French abbot primarily responsible for the founding of the Cistercian Order of monks and a nephew of André de Montbard , one of the founding knights. Bernard put his weight behind them and wrote persuasively on their behalf in
12321-402: Was pressed into his actions by the magnitude of the public scandal and by the dominating influence of King Philip IV, who was Clement's relative. The Templars were organised as a monastic order similar to Bernard's Cistercian Order, which was considered the first effective international organization in Europe. The organizational structure had a strong chain of authority. Each country with
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