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Central Bank Of London Ltd.
The Central Bank of London was a British commercial bank, based in London, England. The bank operated between 1863 and 1891 when it was acquired the Birmingham and Midland Bank. History Formation and Operations The bank was established in 1863 as the 'East London Bank', with its offices located in Cornhill in the City of London. Its early business was closely related to the East End trades, and so branches were soon opened at Southwark, Shoreditch and Whitechapel. Deposits had reached £495,000 by 1865, and by 1870 the bank was renamed the 'Central Bank of London'. In the mid 1870s further branches opened in Mile End, Blackfriars, Tottenham Court Road, Newgate Street and Clerkenwell. Deposits grew to £1 million in 1877 and further branches were opened at Shaftesbury Avenue and Bethnal Green during the 1880s. In 1889 the bank acquired the failing Bethnal Green Bank. Fate Still relatively small when compared to other competing London banks, the bank was acquired by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clerkenwell
Clerkenwell () is an area of central London, England. Clerkenwell was an ancient parish from the mediaeval period onwards, and now forms the south-western part of the London Borough of Islington. The well after which it was named was rediscovered in 1924. The watchmaking and watch repairing trades were once of great importance. Geography Goswell Street formed the eastern boundary of the Clerkenwell parishes, with the River Fleet, now buried beneath Farringdon Road and other streets, forming the western boundary with Holborn and, in part, St Pancras. This western boundary with both neighbouring areas is now used as part of the London Borough of Islington’s western boundary with the London Borough of Camden. Pentonville is a part of northern Clerkenwell, while the southern part is sometimes referred to as Farringdon, after the railway station of that name – which was named after Farringdon Road (an extension of Farringdon Street) and originally named Farringdon Street S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of The United Kingdom
{{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] |
Banks Disestablished In 1891
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 i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1863
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 anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1891 Disestablishments In England
Events January–March * January 1 ** Paying of old age pensions begins in Germany. ** A strike of 500 Hungarian steel workers occurs; 3,000 men are out of work as a consequence. **Germany takes formal possession of its new African territories. * January 2 – A. L. Drummond of New York is appointed Chief of the Treasury Secret Service. * January 4 – The Earl of Zetland issues a declaration regarding the famine in the western counties of Ireland. * January 5 **The Australian shearers' strike, that leads indirectly to the foundation of the Australian Labor Party, begins. **A fight between the United States and Indians breaks out near Pine Ridge agency. **Henry B. Brown, of Michigan, is sworn in as an Associate Justice of the Supreme Court. **A fight between railway strikers and police breaks out at Motherwell, Scotland. * January 6 – Encounters continue, between strikers and the authorities at Glasgow. * January 7 ** General Miles' forces su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1863 Establishments In England
Events January–March * January 1 – Abraham Lincoln signs the Emancipation Proclamation during the third year of the American Civil War, making the abolition of slavery in the Confederate states an official war goal. It proclaims the freedom of 3.1 million of the nation's four million slaves and immediately frees 50,000 of them, with the rest freed as Union armies advance. * January 2 – Lucius Tar Painting Master Company (''Teerfarbenfabrik Meirter Lucius''), predecessor of Hoechst, as a worldwide chemical manufacturing brand, founded in a suburb of Frankfurt am Main, Germany. * January 4 – The New Apostolic Church, a Christian and chiliastic church, is established in Hamburg, Germany. * January 7 – In the Swiss canton of Ticino, the village of Bedretto is partly destroyed and 29 killed, by an avalanche. * January 8 ** The Yorkshire County Cricket Club is founded at the Adelphi Hotel, in Sheffield, England. ** American Civil War – Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bethnal Green Bank
Bethnal were a British rock band formed in 1972. In 1978, they released two albums on Vertigo Records: ''Dangerous Times'', produced by Kenny Laguna; and ''Crash Landing''; produced by Jon Astley and Phil Chapman, with special thanks to Pete Townshend. They supported Hawkwind on their 1977 UK tour and, after disbanding, three of the members formed part of the backing band for the 1981 album ''Hype'' by former Hawkwind frontman Robert Calvert Robert Newton Calvert (9 March 1945 – 14 August 1988) was a South African-British writer, poet, and musician. He is principally known for his role as lyricist, performance poet and lead vocalist of the space rock band Hawkwind. Early life .... Key members were George Csapo (vocals, keyboards, violin), Pete Dowling (drums), Nick Michaels (guitar) and Everton Williams (bass). References External linksDiscography on Punkygibbon British rock music groups Musical groups established in 1972 {{UK-band-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bethnal Green
Bethnal Green is an area in the East End of London northeast of Charing Cross. The area emerged from the small settlement which developed around the common land, Green, much of which survives today as Bethnal Green Gardens, beside Cambridge Heath Road. By the 16th century the term applied to a wider rural area, the ''Hamlet of Bethnal Green'', which subsequently became a Parish, then a Metropolitan Borough of Bethnal Green, Metropolitan Borough before merging with neighbouring areas to become the north-western part of the new London Borough of Tower Hamlets. Economic focus shifted from mainstream farming produce for the City of London – through highly perishable goods production (market gardening), weaving, dock and building work and light industry – to a high proportion of commuters to city businesses, public sector/care sector roles, construction, courier businesses and home-working digital and creative industries. Slum clearance in the United Kingdom, Identifiable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shaftesbury Avenue
Shaftesbury Avenue is a major road in the West End of London, named after The 7th Earl of Shaftesbury. It runs north-easterly from Piccadilly Circus to New Oxford Street, crossing Charing Cross Road at Cambridge Circus. From Piccadilly Circus to Cambridge Circus, it is in the City of Westminster, and from Cambridge Circus to New Oxford Street, it is in the London Borough of Camden. Shaftesbury Avenue was built between 1877 and 1886 by the architect George Vulliamy and the engineer Sir Joseph Bazalgette, to provide a north–south traffic artery through the crowded districts of St. Giles and Soho. It was also part of a slum clearance measure, to push impoverished workers out of the city centre. Although the street's construction was stalled by legislation requiring rehousing some of these displaced residents, overcrowding persisted. --> Charles Booth's Poverty Map shows the neighbourhood makeup shortly after Shaftesbury Avenue opened. The avenue is generally considered th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newgate Street, London
Newgate was one of the historic seven gates of the London Wall around the City of London and one of the six which date back to Roman times. Newgate lay on the west side of the wall and the road issuing from it headed over the River Fleet to Middlesex and western England. Beginning in the 12th century, parts of the gate buildings were used as a gaol, which later developed into Newgate Prison. Name It was once thought that Newgate was "New" since it was built after the Roman period but archaeological evidence has shown that it was of Roman origin; it is therefore possible that the gate was so named when the Ludgate became less used due to the building of the fourth St Paul's Cathedral in the early medieval period. It was previously known as Chamberlains Gate, there was a landholding referred to as the Chamberlain's Soke lying just outside Newgate, forming part of the ward of Farringdon Without. Structure and history Excavations in 1875, 1903 and 1909 revealed the Roman struc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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