Three stories, three centuries and the same background.
1. The XVI century
The Vatican had the Fugger in the Renaissance:
Jakob Fugger offered to lend count Albrecht the money needed to buy his 3rd diocese. Fugger launched an indulgence campaign on behalf of St Peter’s project for the Vatican. Half the cash raised would go to the Vatican and the other half would pay back his loan in favour of Count Albrecht.
Martin Luther had a say on that.....
2. The XIX century
The USA had their “robber barons”:
the Rockefeller, Vanderbilt, Carnegie, Gould, ... and above all Morgan, since 1867
Adjectives we could use to describe them:
- inhibited by restraints of conscience
Sometimes with related cases of moral hipocrisy
when they show the tip of
the corruption iceberg such as
from tax evasion to money laundering,
from drug trafficking to arms funding
What about the Hispanic branches
on this side of Europe....
Born in Santander or Majorca,
but it could have been anywhere...
Judge for yourself
3. The XX century
Mr E. Botín - Banco Santander SA since 1857
In 2011, the Botín family paid about EUR200 million in back taxes to avoid charges of tax evasion (for the last punitive years) against Mr. Botín and 11 of his relatives involving a Swiss investment account inherited from his father. Spain’s national court closed a tax fraud investigation focused on the family, without bringing charges.
The origin of the investigation of the Botín family dates back to 2006, when an HSBC Private Bank employee stole data on 24,000 clients who held secret accounts with the lender. The employee subsequently gave the information to the French authorities.
Mr J. March - Banca March since 1926
(2010) news _03 The Guardian
the world's most mysterious and powerful billionaire. Shrewd and ruthless, the shadowy figure of Juan March has floated across the face of Europe for more than half a century, bringing public officials low, underwriting dictators, helping to finance two world wars