View Single Post
Old 01-17-2019, 09:53 AM   #10
Black Leviathan
 
Join Date: Sep 2018
Default Re: Would it be possible to stablish your own banks?

It would be so much harder to build a bank with a mountain of gold than it would be with virtually no money and a valid birth certificate. Owning a large corporation, especially one that does business overseas, especially one that manages capital transactions of any degree of risk involves a lot of verification of who you claim to be, what your financial sources are, what business you've done in the past. Some of that can be circumvented with magic but in the modern age there's too much double-entry, too much access to information and too much paranoia of deals that are too good. Also travelling through a gate from one world to another, likely at different tech levels, you'd be facing near-critical penalties to many of the rolls you'd use to establish your bank.

Setting up and overseas financing office or investment group is pretty trivial, especially if it doesn't have to attract large investors.

If you buy a few million dollars of pre-paid Visa gift cards they'll put whatever logo or design you want on them.

But banking institutions where people have checking accounts and auto loans with ATMs and the whole deal, those take a lot of feduciary background and a lot of time to build.
Black Leviathan is offline   Reply With Quote