Société Générale
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Société Générale
Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered a systemically important bank by the Financial Stability Board. From 1966 to 2003 it was known as one of the ''Trois Vieilles'' ("Old Three") major French commercial banks, along with Banque Nationale de Paris (from 2000 BNP Paribas) and Crédit Lyonnais. History 19th Century The bank was founded by a group of industrialists and financiers during the Second Empire on May 4, 1864. Its full name was ''Société Générale pour favoriser le développement du commerce et de l'industrie en France'' ("General Company to Support the Development of Commerce and Indus ...
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Société Générale
Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered a systemically important bank by the Financial Stability Board. From 1966 to 2003 it was known as one of the ''Trois Vieilles'' ("Old Three") major French commercial banks, along with Banque Nationale de Paris (from 2000 BNP Paribas) and Crédit Lyonnais. History 19th Century The bank was founded by a group of industrialists and financiers during the Second Empire on May 4, 1864. Its full name was ''Société Générale pour favoriser le développement du commerce et de l'industrie en France'' ("General Company to Support the Development of Commerce and Indus ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Paulin Talabot
Paulin Talabot (18 August 1799 – 21 March 1885) was a French railway and canal engineer. Educated at the École Polytechnique, Talabot started his career building canals. Inspired by George and Robert Stephenson's steam railways in England, he built a line to transport coal from the coal mines at La Grand-Combe to the Mediterranean at Nîmes, which opened in 1839. He visited England and became friends with Robert Stephenson, with whom he surveyed a route for a Suez Canal in 1847. The French Revolution of 1848 was followed by a financial crisis, and Talabot formed a company in 1852 to take over the struggling railway between Lyon and the Mediterranean; this merged with the Paris to Lyon Railway in 1857 to become the Chemins de fer de Paris à Lyon et à la Méditerranée. In 1862 Talabot became its first Director General and he died on 21 March 1885. Biography Early life Paulin Talabot was born on 18 August 1799 in Limoges in western France. His father, Francois Talabot (1764â ...
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Treaty Of Frankfurt (1871)
The Treaty of Frankfurt (french: Traité de Francfort; german: Friede von Frankfurt) was a peace treaty signed in Frankfurt on 10 May 1871, at the end of the Franco-Prussian War. Summary The treaty did the following: * Established the frontier between the French Third Republic and the German Empire, which involved the ceding of 1,694 French villages and cities to Germany in: ** Alsace: the French departments of Bas-Rhin and Haut-Rhin, except for the city of Belfort and its territory; ** Lorraine: most of the French department of Moselle, one-third of the department of Meurthe, including the cities of Château-Salins and Sarrebourg, and the cantons Saales and Schirmeck in the department of Vosges. * Gave residents of the Alsace-Lorraine region until 1 October 1872 to decide between keeping their French nationality and emigrating, or remaining in the region and becoming German citizens. * Set a framework for the withdrawal of German troops from certain areas. * Regulated t ...
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Edward Charles Blount
Sir Edward Charles Blount (16 March 1809 – 15 March 1905) was an English banker in Paris and promoter of French railways. Early life Born into a Catholic family at Bellamour, near Rugeley, Staffordshire, he was the second son of Edward Blount (1769–1843) and his wife, Frances (died 1859), daughter of Francis Wright of Fitzwalters, Essex. He had four brothers, none of whom married, the eldest being Walter Blount the herald. He was sent young to Rugeley Grammar School, where the local Anglican vicar was master, which at home he studied French with Father Malvoisin, an émigré Catholic priest. In 1819, he went to St Mary's College, Oscott, and stayed until 1827. After a short time in the London office of the Provincial Bank of Ireland, he moved to the home office. Through his father he moved as a young man in Whig society, and sometimes attended breakfast parties at Holland House. In the autumn of 1829, Granville Leveson-Gower, 1st Earl Granville, British ambassador in Pa ...
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Eugène Schneider
Joseph Eugène Schneider (29 March 1805 – 27 November 1875) was a French industrialist and politician. In 1836, he co-founded the Schneider company with his brother, Adolphe Schneider. For many years he was a Deputy, and he was briefly Minister of Commerce and Agriculture in 1851. Early life Eugène Schneider was born on 29 March 1805 in Bidestroff, in the départment of Moselle, France. He was the brother of Adolphe Schneider (1802–45), who served as a Deputy from 1842 to 1845. His father died when he was young, and he took a modest job in a trading house in Reims, then in the bank of Baron François-Alexandre Seillière. Business career Schneider showed great aptitude for business, and at the age of 25 was appointed a director of the forges at Bazeilles. In 1833, his brother was appointed managing director of Le Creuzot, and he was added as co-manager the same year. He made a powerful contribution to the prosperity of this establishment. After his brother died S ...
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Second French Empire
The Second French Empire (; officially the French Empire, ), was the 18-year Empire, Imperial Bonapartist regime of Napoleon III from 14 January 1852 to 27 October 1870, between the French Second Republic, Second and the French Third Republic, Third Republic of France. Historians in the 1930s and 1940s often disparaged the Second Empire as a precursor of fascism. That interpretation is no longer widely held, and by the late 20th century they were giving it as an example of a modernising regime. Historians have generally given the Empire negative evaluations on its foreign policy, and somewhat more positive evaluations of domestic policies, especially after Napoleon III liberalised his rule after 1858. He promoted French business and exports. The greatest achievements included a grand History of rail transport in France#Success under the Second Empire, railway network that facilitated commerce and tied the nation together with Paris as its hub. This stimulated economic growth a ...
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Industrialist
A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals have been known by different terms throughout history, such as industrialists, robber barons, captains of industry, czars, moguls, oligarchs, plutocrats, or taipans. Etymology The term '' magnate'' derives from the Latin word ''magnates'' (plural of ''magnas''), meaning "great man" or "great nobleman". The term ''mogul'' is an English corruption of ''mughal'', Persian or Arabic for "Mongol". It alludes to emperors of the Mughal Empire in Medieval India, who possessed great power and storied riches capable of producing wonders of opulence such as the Taj Mahal. The term ''tycoon'' derives from ...
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56 Provence
56 may refer to: * 56 (number) * one of the years 56 BC, AD 56, 1856, 1956, 2056 * 56.com, a Chinese online video platform * Fiftysix, Arkansas, unincorporated community in United States * Fifty-Six, Arkansas, city in United States * "Fifty Six", a song by Karma to Burn from the album ''Arch Stanton'', 2014 * Cityrider 56 Cityrider is a bus service in Tyne and Wear, England, which connects Springwell Village, Wrekenton, Gateshead and Newcastle upon Tyne with Washington, Hylton Castle and Sunderland. History The service was formerly branded as ''Fab Fifty Six ...
, a bus route in the United Kingdom {{Numberdis ...
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Crédit Lyonnais
The Crédit Lyonnais (, "Lyon Credit ompany) was a major French bank, created in 1863 and absorbed by former rival Crédit Agricole in 2003. Its head office was initially in Lyon but moved to Paris in 1882. In the early years of the 20th century, it was the world's largest bank by total assets. Its former French retail network survives as LCL S.A., a fully owned subsidiary of Crédit Agricole, under the brand LCL adopted in 2005 with reference to "Le Crédit Lyonnais". History 19th Century The creation of Crédit Lyonnais was favored by French legislation of that liberalized the creation of joint-stock companies without prior government authorization. The bank was chartered on by Henri Germain, who was the largest shareholder with 5.4 percent of equity capital and became its first chairman. Prominent promoters of Saint-Simonianism initially participated in the venture, namely François Barthélemy Arlès-Dufour who was instrumental in convincing Germain to initiate t ...
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Banque Nationale De Paris
BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the group's parent entity is BNP Paribas S.A. With 190,000 employees as of February 2021, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking (CIB). The group is listed on the first market of Euronext Paris and a component of the Euro Stoxx 50 stock market index, while it also included in the French CAC 40 index. BNP Paribas is the largest banking group in Europe, after HSBC, and ninth largest Banking group in the world, essentially a bulge bracket. It became one of the five largest banks in the world following the 2008 financial crisis. Despite some legal difficulties in 2014, including being fined the largest ev ...
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Financial Stability Board
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum (FSF). The Board includes all G20 major economies, FSF members, and the European Commission. Hosted and funded by the Bank for International Settlements, the board is based in Basel, Switzerland, and is established as a not-for-profit association under Swiss law. The FSB represented the G20 leaders' first major international institutional innovation. U.S. Treasury Secretary Tim Geithner has described it as "in effect, a fourth pillar" of the architecture of global economic governance. The FSB has been assigned a number of important tasks, working alongside the International Monetary Fund, World Bank, and the World Trade Organization. Unlike most multilateral financial institutions, the FSB lacks a legal form and any formal power, given ...
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