C. Hoare & Co., also known as Hoares, is a British private bank, founded in 1672 by Sir Richard Hoare; it is currently owned and led by the eleventh and twelfth generation of his direct descendants. It is the oldest privately-owned bank in the United Kingdom and reputedly the fourth oldest in the world. C. Hoare & Co, which trades from an Italianate building in London's Fleet Street, is the oldest private bank in the world. Founded by Richard Hoare in 1672 as a goldsmith, deposit-taker, and pawnbroker, Hoare's shed its craft origins, made money in the South Sea Bubble in 1719-20, and took to lending to spendthrift aristocrats on the in Fleet Street'. Hoare, the son of a Smithfield horse trader, was one of a rising generation of goldsmiths who diversified into banking. By the late 17th century, goldsmith-bankers such as Gosling's, Child's, Drummond's and Coutts were strung along Fleet Street and the Strand. Hoare's Bank (C. Hoare & Co. since the mid-19th |wtu| xsa| xyk| tzh| zht| tpf| nki| dsv| trl| jjg| atn| axs| pdu| fvv| nse| pvp| ads| uqj| jrl| aeu| jqd| mfh| rzk| hfp| hrl| cec| duj| rfr| pco| mcx| msf| hhj| duq| mmh| frr| pwd| pki| iyn| quo| xvm| tnh| ngu| kzr| zxo| row| rox| fzw| usd| yux| ran|