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Brown Shipley
Brown Shipley is a member of Quintet Private Bank. It is headquartered in London's Moorgate, behind the Bank of England. Brown Shipley offers wealth planning, investment management and lending services for private, corporate and institutional clients. Effective January 2022, the CEO is Calum Brewster. History In 1800, Irish merchant Alexander Brown, founder of Alex Brown & Sons went into business in Baltimore, Maryland, importing Irish linen and exporting cotton and tobacco back to Britain. In 1810, his eldest son William brought the family business to Liverpool under the name William Brown & Co. In 1812 William returned to Baltimore to introduce his new wife and baby to his family and to report on trading and political conditions in Liverpool and Europe. In 1825, William formed a partnership with Joseph Shipley. The new trading firm financed merchants who were shipping goods between Britain, the United States and other parts of Europe and the Americas. Over the years, the tra ...
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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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Baltimore, Maryland
Baltimore ( , locally: or ) is the most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic, and the 30th most populous city in the United States with a population of 585,708 in 2020. Baltimore was designated an independent city by the Constitution of Maryland in 1851, and today is the most populous independent city in the United States. As of 2021, the population of the Baltimore metropolitan area was estimated to be 2,838,327, making it the 20th largest metropolitan area in the country. Baltimore is located about north northeast of Washington, D.C., making it a principal city in the Washington–Baltimore combined statistical area (CSA), the third-largest CSA in the nation, with a 2021 estimated population of 9,946,526. Prior to European colonization, the Baltimore region was used as hunting grounds by the Susquehannock Native Americans, who were primarily settled further northwest than where the city was later built. Colonis ...
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New-York Historical Society
The New-York Historical Society is an American history museum and library in New York City, along Central Park West between 76th and 77th Streets, on the Upper West Side of Manhattan. The society was founded in 1804 as New York's first museum. It presents exhibitions, public programs, and research that explore the history of New York and the nation. The New-York Historical Society Museum & Library has been at its present location since 1908. The granite building was designed by York & Sawyer in a classic Roman Eclectic style. The building is a designated New York City landmark. A renovation, completed in November 2011, made the building more accessible to the public, provided space for an interactive children's museum, and facilitated access to its collections. Louise Mirrer has been the president of the Historical Society since 2004. She was previously Executive Vice Chancellor for Academic Affairs of the City University of New York. Beginning in 2005, the museum presented a ...
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Brown Bros
Brown is a color. It can be considered a composite color, but it is mainly a darker shade of orange. In the CMYK color model used in printing or painting, brown is usually made by combining the colors orange and black. In the RGB color model used to project colors onto television screens and computer monitors, brown combines red and green. The color brown is seen widely in nature, wood, soil, human hair color, eye color and skin pigmentation. Brown is the color of dark wood or rich soil. According to public opinion surveys in Europe and the United States, brown is the least favorite color of the public; it is often associated with plainness, the rustic, feces, and poverty. More positive associations include baking, warmth, wildlife, and the autumn. Etymology The term is from Old English , in origin for any dusky or dark shade of color. The first recorded use of ''brown'' as a color name in English was in 1000. The Common Germanic adjectives ''*brûnoz and *brûnâ'' meant both ...
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Merchant Banking
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate and/or finance production and trade of commodities, hence the name "merchant". Few banks today restrict their activities to such a narrow scope. In modern usage in the United States, the term additionally has taken on a more narrow meaning, and refers to a financial institution providing capital to companies in the form of share ownership instead of loans. A merchant bank also provides advice on corporate matters to the firms in which they invest. History Merchant banks were the first modern banks. They emerged in the Middle Ages from the Italian grain and cloth merchants community and started to develop in the 11th century during the large Euro ...
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Liverpool
Liverpool is a city and metropolitan borough in Merseyside, England. With a population of in 2019, it is the 10th largest English district by population and its metropolitan area is the fifth largest in the United Kingdom, with a population of 2.24 million. On the eastern side of the Mersey Estuary, Liverpool historically lay within the ancient hundred of West Derby in the county of Lancashire. It became a borough in 1207, a city in 1880, and a county borough independent of the newly-created Lancashire County Council in 1889. Its growth as a major port was paralleled by the expansion of the city throughout the Industrial Revolution. Along with general cargo, freight, and raw materials such as coal and cotton, merchants were involved in the slave trade. In the 19th century, Liverpool was a major port of departure for English and Irish emigrants to North America. It was also home to both the Cunard and White Star Lines, and was the port of registry of the ocean li ...
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Sir William Brown, 1st Baronet, Of Astrop
Sir William Brown, 1st Baronet DL (30 May 1784 – 3 March 1864) was a British merchant and banker, founder of the banking-house of Brown, Shipley & Co. and a Liberal politician who sat in the House of Commons from 1846 to 1859. Early life Brown was born at Ballymena, County Antrim, Northern Ireland on 30 May 1784. He was the eldest son of Alexander Brown of Ballymena, and Grace, daughter of John Davison (1764–1834) of Drumnasole. His younger brothers were George Brown (1787–1859), John Brown (1788–1852), and James Brown (1791–1877). At twelve years of age, he was sent with his brothers to be educated at the school of the Rev. J. Bradley at Catterick, North Yorkshire, until 1800 when he returned to Ireland. Career Soon afterwards he sailed with his father and mother for the United States of America, and at Baltimore, Maryland, where his father continued the linen trade in which he had been engaged in Ireland, received in the counting-house his commercial educatio ...
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Irish Linen
Irish linen ( ga, Línéadach Éireannach) is the name given to linen produced in Ireland (including both the Republic of Ireland and Northern Ireland). Linen is cloth woven from, or yarn spun from, flax fibre, which was grown in Ireland for many years before advanced agricultural methods and more suitable climate led to the concentration of quality flax cultivation in northern Europe. Most of the world crop of quality flax is now grown in northern France, Belgium and the Netherlands. Since about the 1950s to 1960s, the flax fibre for Irish linen yarn has been imported almost exclusively from France, Belgium, and the Netherlands. It is bought by spinners who produce yarn, which is then sold to weavers (or knitters) who produce fabric. Irish linen spinning has now virtually ceased, yarns being imported from places such as the eastern part of the European Union and China. Weaving today consists mainly of plain linens for niche, top-of-the-range, apparel uses. Linen damask weaving ...
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Alex Brown & Sons
Alex. Brown & Sons was the first investment bank in the United States, founded by Alexander Brown in 1800 in Baltimore, Maryland. The firm was acquired by Bankers Trust in 1997 to form BT Alex. Brown, and then integrated into Deutsche Bank in 1999 following Deutsche's acquisition of BT. In 2016, Raymond James acquired Deutsche's U.S. private client services unit, operating under the Alex. Brown brand. History Founding and early history Alexander Brown (1764–1834), an Irish linen merchant, emigrated in 1800 from Broughshane, near Ballymena, in Ulster to the United States, settling in Baltimore, Maryland, where he established the first investment banking firm in the U.S. In 1808, the company organized the first initial public offering in the U.S., that of the Baltimore Water Company. In 1810, Alexander Brown was joined in business by his sons, William, George, John, and James, and the firm was named Alex. Brown and Sons, Inc. By the 1820s, Alexander Brown had expanded his ...
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Alexander Brown (banker)
Alexander Brown (17 November 1764 – 4 April 1834), was an Irish merchant and banker. Beginning as a merchant trader, first of linen in Belfast, then of cotton and tobacco after migrating to Baltimore, Maryland, he later shifted his focus to financial services. He founded Alex. Brown & Sons, the oldest investment banking firm in the US, in 1800, and with his sons operated a network of banks in the US and England. He made his fortune from the transatlantic cotton trade, and was one of the first millionaires in the United States. Early life and emigration Alexander Brown was born 17 November 1764 in Ballymena in County Antrim (now in Northern Ireland), one of four surviving children of William Brown and Margaret Brown (née Davison). As a young man, Brown achieved some success as a linen dealer and auctioneer in Belfast. In 1783 he married Grace Davison, possibly his cousin, from Drumnasole, County Antrim, and they had four surviving children, William (b. 30 May 1784), George (b. ...
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Moorgate
Moorgate was one of the City of London's northern gates in its defensive wall, the last to be built. The gate took its name from the Moorfields, an area of marshy land that lay immediately north of the wall. The gate was demolished in 1762, but gave its name to a major street, ''Moorgate'', laid out in 1834. The area around the street and around Moorgate station is informally also referred to as ''Moorgate''. The Moorgate district is home to many financial institutions and has many notable historic and contemporary buildings. Moorgate station was the site of the Moorgate tube crash of 1975, when a Northern City Line train failed to stop and hit a brick wall killing 43. This resulted in systems, known as Moorgate control, being installed on the Underground in order to stop trains at dead-ends. The gate The earliest descriptions of Moorgate date from the early 15th century, where it was described as only a postern in the London city wall. Located between Bishopsgate and C ...
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Quintet Private Bank
Quintet Private Bank is a medium-sized Luxembourg-headquartered bank and wealth manager, founded in 1949 as Kredietbank Luxembourg (KBL), later rebranded KBL European Private Bankers or KBL ebp, and to its present name in 2020. Since 2011, it has been owned by members of the Al-Thani family of Qatar through the holding Precision Capital. History On May 23, 1949, the Brussels-headquartered Kredietbank registered Kredietbank Luxembourg (KBL) as a bank in the Grand Duchy. KBL opened its doors a few months later. In the early days, it had only five employees on its payroll, including the CEO, Constant Franssens. In 1979, the majority of KBL's equity was transferred from Kredietbank to its parent holding company Almanij. In 1996, KBL absorbed . In 1998, Kredietbank merged with other financial institutions to form KBC Group, which in turn merged with Almanij in 2005, thus retaking control of KBL. In October 2011, following conditions set by the European Commission to approve finan ...
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