|
Bank Of Queensland (1863–1866)
The Bank of Queensland was a bank in Queensland, Australia. Established in London it opened for business in Brisbane on 13 August 1863 in the renovated premises of the former Joint Stock Bank. There had been just four (trading) banks established in Queensland by late 1862 but all from other Australian colonies, branches of New South Wales Bank, Union Bank of Australia, Australian Joint Stock Bank and the Bank of Australasia. Branches of the Bank of Queensland were shortly opened at Ipswich, Dalby and Rockhampton as well as at Toowoomba and elsewhere. In the midst of the July 1866 collapse of the major London discount house Overend, Gurney and Company the London board of the Bank of Queensland took the opportunity to announce that a major portion of their bank's capital had been lost by poorly chosen advances made on securities of sheep and cattle stations,The London directors seemed to fail to understand the advances were on livestock and wool to be sold in England but it mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of New South Wales
The Bank of New South Wales (BNSW), also known commonly as The Wales, was the first bank in Australia, being established in Sydney in 1817 and situated on Broadway, New South Wales, Broadway. During the 19th century, the bank opened branches throughout Australia and New Zealand, expanding into Oceania in the 20th century. It merged with many other financial institutions, finally merging with the Commercial Bank of Australia in 1982 and being renamed to the Westpac, Westpac Banking Corporation on 4 May that year under the ''Bank of New South Wales (Change of Name) Act 1982''. History Established in 1817 in Macquarie Place, Sydney premises leased from Mary Reibey, the Bank of New South Wales (BNSW) was the first bank in Australia. It was established under the economic regime of Governor of New South Wales, Governor Lachlan Macquarie (responsible for transitioning the penal settlement of Sydney into a capitalist economy). At the time, the colony of Sydney had not been supplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Bank Of Australia
The Union Bank of Australia was an Australian bank in operation from 1837 to 1951. It was established in London in October 1837 with a subscribed capital of £500,000. The foundation of the bank had followed a visit to England by Van Diemen's Land banker Philip Oakden with a view to forming a large joint stock bank operating across the Australasian colonies, during which time he gained the support of businessman and banker George Fife Angas who had founded the South Australian Company. The new bank absorbed Oakden's struggling Launceston-based Tamar Bank upon his return, and opened its first branch in the former Tamar Bank premises on 1 May 1838. It expanded into Victoria on 18 October 1838, when it acquired the Melbourne business of the Tasmanian Derwent Bank, which had been the first bank in the city. It then opened its first Sydney branch on 2 January 1839. In 1840, it opened its first New Zealand branch in Wellington. In its early years, it had an agreement with the original ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Joint Stock Bank
The Australian Joint Stock Bank was a bank in Australia. It operated from 1852 to 1910, after which it became the Australian Bank of Commerce and then was taken over by the Bank of New South Wales in 1931. History The Australian Joint Stock Bank was created in 1852 by an Act of the New South Wales Parliament. It issued its first banknotes in 1862. In 1910, the Australian Bank of Commerce was registered in New South Wales under the Joint Stock Companies Act to take over the Australian Joint Stock Bank. In 1917 it acquired the City Bank of Sydney. In 1931, the Bank of New South Wales (now Westpac) acquired the Australian Bank of Commerce. Heritage buildings Some of the former bank's buildings are now heritage-listed, including: * Australian Joint Stock Bank Building, Maryborough * Australian Joint Stock Bank Building, Townsville * Gympie Stock Exchange (originally built for the Australian Joint Stock Bank) *Commonwealth Bank Building, Mackay Commonwealth Bank Building is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Australasia
The Bank of Australasia was an Australian bank in operation from 1835 to 1951. Headquartered in London, the bank was incorporated by Royal Charter in March 1834. It had initially been planned to additionally include first South Africa and then Ceylon in the bank's operations; however, both these moves were blocked by the Lords of the Treasury. Its first branch opened in Sydney on 14 December 1835, followed by branches in Hobart and Launceston on 1 January 1836, in the latter city by taking over the former Cornwall Bank. A Melbourne branch opened on 28 August 1838 and an Adelaide branch on 14 January 1839. It opened a Perth branch in May 1841 when it absorbed the original Bank of Western Australia; however, the branch was closed in 1844 and the bank would not reopen in that city until 1894. It suffered financial difficulties during the 1840s depression, in part because of a controversial loan to the failing Bank of Australia which resulted in significant litigation. Having op ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Of 1866
The Panic of 1866 was an international financial downturn that accompanied the failure of Overend, Gurney and Company in London, and the ''corso forzoso'' abandonment of the silver standard in Italy. In Britain, the economic impacts are held partially responsible for public agitation for political reform in the months leading up to the 1867 Reform Act. The crisis led to a sharp rise in unemployment to 8% and a subsequent fall in wages across the country. Similar to the "knife and fork" motives of Chartism in the late 1830s and 1840s, the financial pressure on the British working class led to rising support for greater representation of the people. Groups such as the Reform League saw rapid increases in membership and the organisation spearheaded multiple demonstrations against the political establishment such as the Hyde Park riot of 1866. Ultimately the popular pressure that arose from the banking crisis and the recession that followed can be held partly responsible for the en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overend, Gurney And Company
Overend, Gurney & Company was a London wholesale discount bank, known as "the bankers' bank", which collapsed in 1866 owing about £11 million, equivalent to £ million in . The collapse of the institution triggered a banking panic. History Early years The business was founded in 1800 as Richardson, Overend and Company by Thomas Richardson, clerk to a London bill discounter, and John Overend, chief clerk in the bank of Smith, Payne and Company at Nottingham (absorbed into the National Provincial Bank in 1902), with Gurney's Bank (absorbed into Barclays Bank in 1896) supplying the capital. At that time, bill-discounting was carried on in a spasmodic fashion by the ordinary merchant in addition to his regular business, but Richardson considered that there was room for a London house which should devote itself entirely to the trade in bills. This idea, novel at the time, proved an instant success. Samuel Gurney joined the firm in 1807 and took control of Overend, Gurney and Co. in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agra And Masterman's Bank
The Agra Bank was founded in 1833 in Agra in the Indian state of Uttar Pradesh with a capital of £1,000,000. It was liquidated in 1900.Stuart Muirhead, Edwin Green. ''Crisis Banking in the East'', Ashgate Publishing, 1996 Agra Bank By 1840 its business was still confined to advances to the military. Attempts to circulate banknotes were blocked by the government but in any case notes had little appeal to the bulk of local residents. A branch was established in Somerset Place, Calcutta and by the mid-1850s Calcutta had become its head office with branches in Madras and Bombay and a London agency. Branches in Lahore and Canton were added and at the end of the 1850s the head office was moved to London. London Agra and United Service Bank The Agra and United Service Bank was incorporated in England in 1857 and issued banknotes but it was unable to gain entry to the London Bankers' Clearing House.Dennis O. Flynn, A.J.H. Latham, Sally M. Miller (editors). ''Studies in the Economic Hist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Queensland (1917–1922)
The Bank of Queensland was a bank in Queensland, Australia. It flourished between 1917 and 1922. It was created by the January 1917 merger of the Royal Bank of Queensland with the Bank of North Queensland. The National Bank was not well represented in Queensland and, intending to expand itself into a truly national institution, bought the Bank of Queensland for cash on 9 January 1922 "for a price corresponding with the actual assets of £520,000". Their offer was accepted by the former shareholders immediately after it was approved by the National Bank's shareholders. Other trading banks named Bank of Queensland ;1863—1866 A Bank of Queensland had been established in London and opened for business in Brisbane on 13 August 1863 in the renovated premises of the former Joint Stock Bank. Caught by the fall-out from the July 1866 collapse of the major London discount house Overend, Gurney and Company, the shareholders agreed at the end of 1866 to voluntarily wind the bank up. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Bank Of Queensland
The Royal Bank of Queensland was a bank in Queensland, Australia. History The Royal Bank of Queensland commenced operation in Brisbane Brisbane ( ) is the capital and most populous city of the Australian state of Queensland, and the third-most populous city in Australia and Oceania, with a population of approximately 2.6 million. Brisbane lies at the centre of the South ... in February 1886. In 1917 it merged with the Bank of North Queensland creating the Bank of Queensland. In 1922 the Bank of Queensland merged with the National Bank of Australasia. Head Office The early head office was built in 1891 at 180 Queen Street, but this building was replaced in 1929-30 by the successor company, and the replacement is a heritage-listed building of the (now) National Australia Bank. Heritage listings A number of former Royal Bank of Queensland buildings are still standing and are now heritage listed, including: * Royal Bank of Queensland, Gympie * Royal Bank o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of North Queensland
The Bank of North Queensland was formed in 1887 in Townsville with branches in Sydney and London. In 1893 there were branches in: Ayr, Cairns, Charters Towers, Cooktown, Herberton, Normanton, Rockhampton and Thursday Island and agencies at Mareeba, Limestone, and Muldiva. London agents, the London and Westminster Bank. In 1910 it had branches in Northern, Central, and Southern Queensland, including Atherton, Childers and Warwick. There were also branches in the New England area of New South Wales and the vicinity of Sydney, and Agencies throughout Australasia, Great Britain, America, and the East, In 1917 the Bank of North Queensland merged with The Royal Bank of Queensland to form the Bank of Queensland The Bank of Queensland (branded BOQ) is an Australian retail bank with headquarters in Brisbane, Queensland. The bank is one of the oldest financial institutions in Queensland, having begun as a building society. It now has 163 branches througho ... References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Australia
The National Bank of Australasia was a bank based in Melbourne. It was established in 1858, and in 1982 merged with the Commercial Banking Company of Sydney to form National Australia Bank. History In 1858, Alexander Gibb, a Melbourne gentleman, enlisted Andrew Cruickshank, a local merchant and pastoralist, to raise the capital to establish National Bank of Australasia with headquarters in Melbourne. The legal work establishing the bank was performed by a predecessor of King & Wood Mallesons. Cruickshank became its first chairman while Gibb left after being passed over for the position of General Manager. The bank opened its first branch in South Australia the same year. Expansion to other Australian states followed, with branches opening in Tasmania (1859), Western Australia (1866), New South Wales (1885) and finally Queensland (1920). An early branch established in Mauritius (1859) closed within a year, but a London branch (1864) was established to handle financing and paymen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Queensland
The Bank of Queensland (branded BOQ) is an Australian retail bank with headquarters in Brisbane, Queensland. The bank is one of the oldest financial institutions in Queensland, having begun as a building society. It now has 163 branches throughout Australia, including 53 corporate branches and 103 "owner managed" branches. In 2021, customer satisfaction with BOQ was rated at 82.9% by Roy Morgan Research. In 2007 customer satisfaction levels were placed at 88%. The bank does not currently have any board directors who are based in Queensland. History A Bank of Queensland was established in 1863. It collapsed in 1866 closing its doors in the severe financial depression known as the Panic of 1866. Another bank took the same name in 1917 but disappeared into the National Bank in 1922. The current Bank of Queensland was established in 1874 as The Brisbane Permanent Benefit Building and Investment Society. It was incorporated in 1887. It amalgamated with City and Suburban Building ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
