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Bank Line
The ''Bank Line'' was a British commercial shipping line that was established in 1905 by Andrew Weir, 1st Baron Inverforth, Andrew Weir. The company was sold to the Swire Group in 2003, eventually ceasing operations in 2009. Initially a Tramp trade, tramp operator of sailing vessels, it developed into a major company operating shipping lines all over the world. History Andrew Weir, from Glasgow, Scotland, who came from a family of cork merchants, became a ship owner in 1885 when he purchased a barque, already known as the ''Willowbank''. He then rapidly developed a fleet of sailing vessels that became the largest fleet sailing under the British flag. Weir purchased his first steamship in 1896. Named the ''Duneric'', this was the first of the vessels that he had had built not to have the suffix “bank”, which was not used for his steamships. Bank Line Ltd formally came into operation in 1905, when the Head Office was moved to London, close to the Baltic Exchange, where shippi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Line House Flag
A bank is a financial institution that accepts Deposit account, 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 Bank regulation, 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 accounting liquidity, 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 concept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
