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Bank Of Wales
The Bank of Wales (Welsh: ''Banc Cymru'') was a commercial bank in Wales which was founded in 1971. The bank was taken over by the Bank of Scotland plc in 1986 and ceased trading under the Welsh brand in 2002. It is now a trading name used by Bank of Scotland plc, a subsidiary of Lloyds Banking Group. History The Bank of Wales was founded by Sir Julian Hodge in 1971. The company provided commercial banking services to small and medium-sized businesses in Wales. From the outset Sir Julian Hodge wanted the company to be called the Bank of Wales, but the compromise title ''Commercial Bank of Wales'' (Welsh: ''Banc Masnachol Cymru'') was adopted following objections from the Registrar of Companies and the Bank of England, which claimed that the proposed name would imply a central bank. The company was eventually officially renamed ''Bank of Wales'' in December 1986. By the year 2000 it had seven regional offices and assets of over £460 million. The Bank started its life on St Ma ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Financial Crisis Of 2007–2010
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ...
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Companies Based In Cardiff
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Banks Established In 1971
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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Banks Of Wales
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 an ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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Prime Minister
A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not the head of state, but rather the head of government, serving under either a monarch in a democratic constitutional monarchy or under a president in a republican form of government. In parliamentary systems fashioned after the Westminster system, the prime minister is the presiding and actual head of government and head/owner of the executive power. In such systems, the head of state or their official representative (e.g., monarch, president, governor-general) usually holds a largely ceremonial position, although often with reserve powers. Under some presidential systems, such as South Korea and Peru, the prime minister is the leader or most senior member of the cabinet, not the head of government. In many systems, the prime minister ...
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James Callaghan
Leonard James Callaghan, Baron Callaghan of Cardiff, ( ; 27 March 191226 March 2005), commonly known as Jim Callaghan, was Prime Minister of the United Kingdom from 1976 to 1979 and Leader of the Labour Party from 1976 to 1980. Callaghan is the only person to have held all four Great Offices of State, having served as Chancellor of the Exchequer from 1964 to 1967, Home Secretary from 1967 to 1970 and Foreign Secretary from 1974 to 1976. He was a Member of Parliament (MP) from 1945 to 1987. Born into a working-class family in Portsmouth, Callaghan left school early and began his career as a tax inspector, before becoming a trade union official in the 1930s; he served as a lieutenant in the Royal Navy during the Second World War. He was elected to Parliament at the 1945 election, and was regarded as being on the left wing of the Labour Party. He was appointed to the Attlee government as a parliamentary secretary in 1947, and began to move increasingly towards the right wing ...
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Viscount Tonypandy
A viscount ( , for male) or viscountess (, for female) is a title used in certain European countries for a noble of varying status. In many countries a viscount, and its historical equivalents, was a non-hereditary, administrative or judicial position, and did not develop into a hereditary title until much later. In the case of French viscounts, it is customary to leave the title untranslated as vicomte . Etymology The word ''viscount'' comes from Old French ( Modern French: ), itself from Medieval Latin , accusative of , from Late Latin "deputy" + Latin (originally "companion"; later Roman imperial courtier or trusted appointee, ultimately count). History During the Carolingian Empire, the kings appointed counts to administer provinces and other smaller regions, as governors and military commanders. Viscounts were appointed to assist the counts in their running of the province, and often took on judicial responsibility. The kings strictly prevented the offices of their co ...
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Alun Talfan Davies
Sir Alun Talfan Davies (22 July 1913 – 11 November 2000) was a Welsh judge, publisher and Liberal politician. Background Alun Talfan Davies was born at Gorseinon near Swansea, the youngest son of the Calvinistic Methodist minister William Talfan Davies (1873–1938) and his wife Alys, née Jones (1878–1948). He was the brother of Aneirin Talfan Davies. He was educated at Gowerton grammar school. He read law at the University of Wales, Aberystwyth, and at Gonville and Caius College, Cambridge. In 1942, he married Eiluned Christopher Williams. He had one son and three daughters. In 1969 his daughter Janet married the Welsh Rugby international Barry John. He died at his home in Penarth on 1 November 2000. Legal career Davies entered Gray's Inn and qualified as a barrister just before the outbreak of World War II. As a barrister he specialised in industrial cases and was retained by the National Union of Mineworkers. He was appointed as a QC in 1961. Davies was a counsel to t ...
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Julian Hodge Bank
Hodge Bank is a bank in the United Kingdom. It is named after Sir Julian Hodge. The bank was formed in 1987 as Julian Hodge Bank, and is headquartered in Cardiff, Wales. In 1965 the bank founded the ''Hodge Life Assurance Company'', a subsidiary company which has been rebranded as ''Hodge Lifetime Hodge may refer to: Places United States *Hodge, California, an unincorporated community *Hodge, Louisiana, a village *Hodge, Missouri, an unincorporated community *The Hodge Building, the historic name of the Begich Towers in Whittier, Alaska Oth ...''. References External links Hodge Bank* Banks established in 1987 Companies based in Cardiff Banks of Wales {{Wales-company-stub ...
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Institute Of Welsh Affairs
The Institute of Welsh Affairs (IWA) () is an independent charity and membership-based think-tank based Cardiff, Wales, which specialises in public policy and debate around the economy, education, environment and health sectors in Wales. History The establishment of the IWA came amid, according to Schofield (2014), the launch and subsequent failure of the 1979 Welsh devolution referendum, and the resulting “tug-of-war between a desire for a measure of independence for Wales and concerns about the country's ability to function under such a system.” In 1986, controller of BBC Wales Geraint Talfan Davies and Cardiff lawyer Keith James (of Hugh James LLP) set out a paper which established their case for "a body that can provide a regular intellectual challenge to current practice in all those spheres of Welsh life and administration that impact on our industrial and economic performance." An initial £50,000 grant was provided by the Welsh Development Agency Chief Executive ...
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