Bank of the People Montreal in 1840. Until 1835, every bank in Upper Canada required a legislated charter which established it as a legal person able to sue, and be sued at law. Only two Banks had been chartered: the Bank of Upper Canada and the Commercial Bank of the Midland District. Both banks were controlled by the "Family Compact" who used their control of the currency supply and credit to control trade and ultimately, the farmers. They had a "licensed monopoly" to print paper money, which reduced competition. In 1835, Dr Charles Duncombe, a Reform politician in the Legislative Assembly, was part of
Dai-Ichi Kangyo Bank Kangyo Bank was privatized and became a commercial bank following the "Nippon Kangyo Bank Repeal Act" of 1950. The long-term banking division of Nippon Kangyo Bank was transferred to newly established Long-Term Credit Bank of Japan. The bank became popular among the public with the new rose logo, mascot named Nobara-chan (lit. Rose-chan) and advertising slogan . In 1971 Dai-ichi Bank and Nippon Kangyo Bank merged to form the Dai-ichi Kangyo Bank, Limited (“DKB”). DKB surpassed longtime leader the Fuji Bank as the Japanese largest bank measured by assets and deposit market share. DKB formed DKB Group (also known as