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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 Overend, Gurney & Company was a London wholesale discount bank, known as ... [...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 Warwick ( ) is a market town, civil parish and the county town of Warwickshire in the Warwick District in England, adjacent to the River Avon. It is south of Coventry, and south-east of Birmingham. It is adjoined with Leamington Spa and Whi .... 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 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 (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 might ... [...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] |
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] |
Banks Established In 1917
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] |
Defunct Banks Of Australia
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Queensland
The economy of Queensland is the third largest economy within Australia. Queensland generated 19.5% of Australia's gross domestic product in the 2008-09 financial year. The economy is primarily built upon mining, agriculture, tourism and financial services. Queensland's main exports are coal, metals, meat and sugar. Western Australia and Queensland are often referred to as the "resource states" because their economies are currently dependent on exports of resources such as coal, iron ore and natural gas. However, of the two states, Queensland has a more diversified base. In 2006, exports from Queensland totaled A$49.4 billion. By 2009 this figure had grown to A$65.5 billion. Brisbane is categorised as a global city, and is among Asia-Pacific cities with largest GDPs. It has strengths in mining, banking, insurance, transportation, information technology, real estate and food. Some of the largest companies headquartered in Brisbane, all among Australia's largest, includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
