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Caja De Ahorros Del Mediterráneo
''Caja de Ahorros del Mediterráneo'' (CAM; Mediterranean Savings Bank) was a Spanish savings bank in Alicante, Valencia. The savings bank failed with the burst of the property bubble on Spain's Mediterranean coast. In the first nine months of 2011 it had lost €1.7 billion and the bad loans ratio had reached 20.8 per cent.Sabadell takes gamble on stricken CAM by Miles Johnson, , Dec 7, 2011 In December 2011, it was sold to for one euro. History CAM was the result ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank
A savings bank is a financial institution whose primary purpose is accepting savings account, savings deposits and paying interest on those deposits. History of banking, They originated in Europe during the 18th century with the aim of providing access to Wealth, savings products to all levels in the population. Often associated with social good, these early banks were often designed to encourage low-income people to Saving, save money and have access to banking services. They were set up by governments or by socially committed groups or organisations such as with credit unions. The structure and legislation took many different forms in different countries over the 20th century. Savings banks and Savings and loan association, savings-and-loans are often confused. The original function of savings banks to service consumers was limited to savings. Savings banks invested in Government debt, government and Corporate bond, corporate debt. Savings and loan associations had a dual p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-profit Organization
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cartagena, Spain
Cartagena () is a Spanish city and a major naval station on the Mediterranean coast, south-eastern Iberia. As of January 2018, it has a population of 218,943 inhabitants, being the region's second-largest municipality and the country's sixth-largest non-provincial-capital city. The metropolitan area of Cartagena, known as '' Campo de Cartagena'', has a population of 409,586 inhabitants. Cartagena has been inhabited for over two millennia, being founded around 227 BC by the Carthaginian Hasdrubal the Fair as ''Qart Hadasht'' ( phn, 𐤒𐤓𐤕𐤟𐤇𐤃𐤔𐤕 QRT𐤟ḤDŠT; meaning "New Town"), the same name as the original city of Carthage. The city had its heyday during the Roman Empire, when it was known as ''Carthago Nova'' (the New Carthage) and ''Carthago Spartaria'', capital of the province of Carthaginensis. Much of the historical significance of Cartagena stemmed from its coveted defensive port, one of the most important in the western Mediterranean. Cartagena has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Murcia
Murcia (, , ) is a city in south-eastern Spain, the capital and most populous city of the autonomous community of the Region of Murcia, and the seventh largest city in the country. It has a population of 460,349 inhabitants in 2021 (about one third of the total population of the Region). The total population of the metropolitan area is 672,773 in 2020, covering an urban area of 1,230.9 km2. It is located on the Segura River, in the southeast of the Iberian Peninsula. It has a climate with hot summers, mild winters, and relatively low precipitation. Murcia was founded by the emir of Cordoba Abd ar-Rahman II in 825 with the name ''Mursiyah'' ( ar, مرسية). It is now mainly a services city and a university town. Highlights for visitors include the Cathedral of Murcia and a number of baroque buildings, renowned local cuisine, Holy Week procession, works of art by the famous Murcian sculptor Francisco Salzillo, and the ''Fiestas de Primavera'' (Spring Festival). The city, as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Orihuela
Orihuela (; ca-valencia, Oriola ) is a city and municipality located at the feet of the Sierra de Orihuela mountains in the province of Alicante, Spain. The city of Orihuela had a population of 33,943 inhabitants at the beginning of 2013. The municipality has a total area of 367.19 km2, and stretches all the way down to the Mediterranean coast, west of Torrevieja, and had a total population of 92,000 inhabitants at the beginning of 2013. This includes not only the city of Orihuela, but also the coastal tourist development hub (''urbanización turística'') of Dehesa de Campoamor with 33,277 inhabitants (2013) and a few other villages. The river Segura flows through Orihuela. The city was settled by Romans who called it ''Orcelis'' and subsequently ''Aurariola''. History Orihuela is the capital of the region of the "Vega Baja del Segura" (natural region of the Segura River); it has been the capital of a province and even of a kingdom. The city was named the first city of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Novelda
Novelda (, ; ) is a town located in the province of Alicante, Spain. , it has a total population of 27,135 inhabitants. Novelda has important quarries and mines of marble, limestone, silica, clay and gypsum. It is a major centre of the marble industry. It was probably settled by Greeks The Greeks or Hellenes (; el, Έλληνες, ''Éllines'' ) are an ethnic group and nation indigenous to the Eastern Mediterranean and the Black Sea regions, namely Greece, Cyprus, Albania, Italy, Turkey, Egypt, and, to a lesser extent, oth ..., although it was controlled by Carthaginians and Ancient Rome, Romans. Some centuries later it was conquista, conquered from the Moors by a son of Ferdinand III of Castile. Places of tourist interest in Novelda include the monastery of ''Santa María Magdalena'' (dated from the 19th century), which has a church designed by a disciple of Antoni Gaudí, the Moorish castle of the ''Mola'', with its unique triangular tower, and the Museum of Modernism. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crevillent
Crevillent ( es, Crevillente) is a town and municipality located in the Alicante province, part of the Valencian Community, Spain. It is situated in the ''comarca'' of Baix Vinalopó, and lies at the foot of the hill range known locally as Serra de Crevillent. , it has a total population of 28,609 inhabitants. The terrain is dry, and its main vegetation is composed by carob trees, almond trees, olive trees and ''esparto''. Crevillent is a major producer and exporter of carpets and pomegranates. The town was probably settled by Romans. In 1263, during the period known as ''Reconquista'', James I of Aragon captured the city from the Moors and became a part of the Kingdom of Valencia. The most important tourist places of the city is a museum with works of Mariano Benlliure, a Valencian sculptor. Also remarkable is its '' Moors and Christians'' festival. Many of the agricultural areas, particularly El Realengo, contain ruins of prisons, ovens and torture houses used during Fra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcoy, Spain
Alcoy ( ca-valencia, Alcoi) is an industrial and university city, region and municipality located in the Valencian Community, Spain. The Serpis river crosses the municipal boundary of Alcoy. The local authority reported a population of 61,135 residents in 2018. History The first traces of human presence in the area date to c. 60,000 years ago, when Neanderthal hunters settled here, in a site now called El Salt. A site with rock paintings, dating to c. 10,000/6,500 years ago, has been discovered near la Sarga. From around the mid-3rd millennium BC people started to move from the caves to the plain where cereals were grown, while mountain fortifications were erected (''Mola Alta de Serelles'', ''Mas del Corral'', ''Mas de Menente'', ''El Puig''). After the Roman conquest of the Iberians, several rural villas were built in the area, as well as a necropolis. The town was established in 1256 by James I of Aragon, with the construction of a castle on a strategic position over the Serp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lehman Brothers
Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before Bankruptcy of Lehman Brothers, filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill (company), Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, Stock, equity, Bond (finance), fixed-income and Derivative (finance), derivatives sales and stock trading, trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, Lehman Brothers filed for Chapter 11, Title 11, United States Code, Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luis De Guindos
Luis de Guindos Jurado (born 16 January 1960) is a Spanish politician serving as Vice-President of the European Central Bank since 2018. He previously served as Spain's Minister of Economy, Industry and Competitiveness from 2011 to 2018. Early life and education De Guindos was born in Madrid, Spain, on 16 January 1960. He is a Bachelor of Economics and Business at the Colegio Universitario de Estudios Financieros. Career De Guindos was once the Managing Partner of Advisors AB, secretary of the magazine "Business Information Spanish", and vocal advisor to the Secretary of State for Economy of Spain and Head of Technical Office of the General Secretariat of Commerce. In late 1996, de Guindos was appointed General Director for Economic and Competitiveness. He has served on the board of Renfe between 1997 and 2000 and the Official Credit Institute from 2000 to 2002. In May 2000 was appointed Secretary in General for Economy, and State Industrial Holdings Company. He was Secretary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank (Spain)
In Spain, a savings bank ( es, caja de ahorros or informally just ''caja'', ca, caixa d'estalvis, gl, caixa de aforros, informally caixa, eu, aurrezki kutxa) is a financial institution that specializes in accepting savings deposit account, deposits and granting loans. Spanish banks fall into two categories: Privately owned banks (''bancos'') and government owned banks (''cajas''—literally pay office, or pay desk). The original aim was to encourage thrift among the very poor, but they evolved to compete with and rival commercial banks. Over time, most cajas colluded with regional political establishments to create a self-serving system of unscrupulous financing for regional governments provided by politically stuffed savings banks' boards which, in turn, thrived in what has been defined as "a culture of greed, cronyism and political meddling". This system was exposed in the aftermath of the global financial crisis. As a result, out of the 45 cajas in existence at the start of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
