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Belize Bank
Belize Bank (BB) is the first, oldest continuing, and largest bank in Belize. , it had over BZ$880 million in assets and BZ$147 million of capital reserves. Its network of 11 branches covers the entire country. The Belize Bank Limited has a 44% market share in loans and 38% market share in deposits. It maintains an international banking subsidiary in the Turks and Caicos Islands. Apart from the normal personal and corporate banking service, Belize Bank offers high school scholarships and sixth form scholarships to students in need. Over 100 students have benefited from these scholarship programs each year. History American investors from Mobile, Alabama, incorporated the Bank of British Honduras in 1902, and it commenced operations in 1903. In 1912 Royal Bank of Canada (RBC) bought the bank and proceeded to operate it as a branch. In 1987, RBC sold the bank to an investment group headed by Lord Ashcroft Michael Anthony Ashcroft, Baron Ashcroft, (born 4 March 1946) is a B ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Belize
Belize (; bzj, Bileez) is a Caribbean and Central American country on the northeastern coast of Central America. It is bordered by Mexico to the north, the Caribbean Sea to the east, and Guatemala to the west and south. It also shares a water boundary with Honduras to the southeast. It has an area of and a population of 441,471 (2022). Its mainland is about long and wide. It is the least populated and least densely populated country in Central America. Its population growth rate of 1.87% per year (2018 estimate) is the second-highest in the region and one of the highest in the Western Hemisphere. Its capital is Belmopan, and its largest city is the namesake city of Belize City. Belize is often thought of as a Caribbean country in Central America because it has a history similar to that of English-speaking Caribbean nations. Indeed, Belize’s institutions and official language reflect its history as a British colony. The Maya civilization spread into the area of Beli ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Belize Dollar
The Belize dollar is the official currency in Belize (currency code ''BZD''). It is normally abbreviated with the dollar sign ''$'', or alternatively ''BZ$'' to distinguish it from other dollar-denominated currencies. It is divided into 100 cents. The official value is pegged at BZ$2 = . History The first dollars to circulate in British Honduras were Spanish dollars, some of which were counterstamped with the monogram of a crowned –G-R– ( la, Georgius Rex; " King George") They circulated between 1765 and 1825 at a value of 6 shillings 8 pence. i.e. one third of a pound sterling. In 1825, an imperial order-in-council was passed for the purpose of introducing the British sterling coinage into all the British colonies. This order-in-council made sterling coinage legal tender; it set the exchange rate between sterling and the Spanish dollar at = 4s 4d. This exchange rate was supposed to be based on the value of the silver in the Spanish dollars as compared to the value of ...
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Turks And Caicos Islands
The Turks and Caicos Islands (abbreviated TCI; and ) are a British Overseas Territory consisting of the larger Caicos Islands and smaller Turks Islands, two groups of tropical islands in the Lucayan Archipelago of the Atlantic Ocean and northern West Indies. They are known primarily for tourism and as an offshore financial centre. The resident population in July 2021 was put at 57,196, making it the third-largest of the British overseas territories by population. The islands are southeast of Mayaguana in the Bahamas island chain and north of the island of Hispaniola (Haiti and the Dominican Republic). Grand Turk (Cockburn Town), the capital since 1766, is situated on Grand Turk Island about east-southeast of Miami, United States. They have a total land area of . The islands were inhabited for centuries by indigenous peoples. The first recorded European sighting of them was in 1512. In subsequent centuries, they were claimed by several European powers, with the British ...
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Sixth Form
In the education systems of England, Northern Ireland, Wales, Jamaica, Trinidad and Tobago and some other Commonwealth countries, sixth form represents the final two years of secondary education, ages 16 to 18. Pupils typically prepare for A-level or equivalent examinations like the IB or Pre-U. In England, Wales, and Northern Ireland, the term Key Stage 5 has the same meaning. It only refers to academic education and not to vocational education. England and Wales ''Sixth Form'' describes the two school years which are called by many schools the ''Lower Sixth'' (L6) and ''Upper Sixth'' (U6). The term survives from earlier naming conventions used both in the state maintained and independent school systems. In the state-maintained sector for England and Wales, pupils in the first five years of secondary schooling were divided into cohorts determined by age, known as ''forms'' (these referring historically to the long backless benches on which rows of pupils sat in the classr ...
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Mobile, Alabama
Mobile ( , ) is a city and the county seat of Mobile County, Alabama, United States. The population within the city limits was 187,041 at the 2020 United States census, 2020 census, down from 195,111 at the 2010 United States census, 2010 census. It is the fourth-most-populous city in Alabama, after Huntsville, Alabama, Huntsville, Birmingham, Alabama, Birmingham, and Montgomery, Alabama, Montgomery. Alabama's only saltwater port, Mobile is located on the Mobile River at the head of Mobile Bay on the north-central Gulf Coast. The Port of Mobile has always played a key role in the economic health of the city, beginning with the settlement as an important trading center between the French colonization of the Americas, French colonists and Native Americans in the United States, Native Americans, down to its current role as the 12th-largest port in the United States.Drechsel, Emanuel. ''Mobilian Jargon: Linguistic and Sociohistorical Aspects of a Native American Pidgin''. New York: ...
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Royal Bank Of Canada
Royal Bank of Canada (RBC; french: Banque royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 17 million clients and has more than 89,000 employees worldwide. Founded in 1864 in Halifax, Nova Scotia, it maintains a corporate headquarters in Toronto and its head office in Montreal. RBC's institution number is 003. In November 2017, RBC was added to the Financial Stability Board's list of global systemically important banks. In Canada, the bank's personal and commercial banking operations are branded as ''RBC Royal Bank'' in English and ''RBC Banque Royale'' in French and serves approximately 10 million clients through its network of 1,209 branches. RBC Bank is a US banking subsidiary which formerly operated 439 branches across six states in the Southeastern United States, but now only offers cross-border banking services to Canadian travellers and expats. RBC ...
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Michael Ashcroft, Baron Ashcroft
Michael Anthony Ashcroft, Baron Ashcroft, (born 4 March 1946) is a British-Belizean businessman, pollster and politician. He is a former deputy chairman of the Conservative Party. Ashcroft founded Michael A. Ashcroft Associates in 1972 and is the 132nd richest person in the UK, as ranked by the ''Sunday Times'' Rich List 2021, with an estimated fortune of £1.257 billion. He sat on the Conservative benches of the House of Lords until 2015, having been created a life peer in 2000. His peerage was controversial due to his status as a tax exile. The Cabinet Office stated that he would take up permanent residence in the UK for tax purposes, but it was reported a decade later that he had not done so. Ashcroft holds dual British and Belizean nationality, and is a belonger of the Turks and Caicos Islands. Early life and education Michael Anthony Ashcroft was born in Chichester, West Sussex. His father Eric was a British colonial civil servant; Ashcroft spent some of his ear ...
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Banks Established In 1902
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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