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Caja Laboral
Caja Laboral Popular Cooperativa de Crédito or Caja Laboral (Workers' Credit Union) was a Spanish credit union established in 1959 as part of the Mondragon Corporation and headquartered in Mondragón, in the Basque Country of Spain. The major financial provider behind the Basque cooperative movement, Caja Laboral covers the financial segment of Mondragon and provides banking and financial services to its customers through a network of over 370 branch offices in the Basque Country and beyond. With over 1800 employees – who are actually the partners-owners of the bank following the cooperative philosophy of shared ownership and stewardship - Caja Laboral generates annual revenue in excess of €330 million. Together with its sister social assurance company Lagun Aro, Caja Laboral spearheaded the Financial Group of the Mondragon Corporation, which according to company sources 'operates autonomously within the framework of a sole joint strategy'. It was the first Spanish financi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laboral Kutxa
Laboral Kutxa is a Basque credit union that provides banking, savings and investment services. It was created in March 2012 as a result of the merger of two smaller credit unions. The Caja Laboral Popular Sociedad Cooperativa de Crédito (known as Caja Laboral in Spanish or Euskadiko Kutxa in Basque) and Ipar Kutxa Rural Sociedad Cooperativa de Crédito (known as Ipar Kutxa). The merger project was announced in March 2012 and completed eight months later, in September 2012, with an officially launch in April 2013. , it is also the third largest financial institution in the Basque Country (after Kutxabank and BBVA). History Caja Laboral – Euskadiko Kutxa Caja Laboral – Euskadiko Kutxa was founded in 1959 by José María Arizmendiarrieta, a young catholic priest who had arrived to the small town of Mondragón in 1943 and had since then stablished a technical college and had helped create a few co-operatives, such as ULGOR (later known as Fagor), Funcor (currently Fagor Ederl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mondragón
Mondragón ( eu, Arrasate or ''Mondragoe''), officially known as Arrasate/Mondragón, is a town and municipality in Gipuzkoa Province, Basque Country, Spain. Its population in 2015 was 21,933. Economic and historical significance The town is best known as the birthplace of the Mondragon Corporation, the world's largest worker cooperative, whose foundation was inspired in the 1940s by the Catholic priest José María Arizmendiarrieta. In 2002 the MCC contributed 3.7% to the total GDP of the Basque Country and 7.6% to the industrial GDP. The valley of the High Deba where the town is located enjoyed a high level of employment in the 1980s while the rest of the Basque industrial areas suffered from the steel crisis. Noted poverty expert and sociology professor Barbara J. Peters of Stony Brook Southampton has studied the incorporated and entirely resident-owned town of Mondragón. "In Mondragón, I saw no signs of poverty. I saw no signs of extreme wealth," Peters said. "I saw pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Basketball
Basketball is a team sport in which two teams, most commonly of five players each, opposing one another on a rectangular Basketball court, court, compete with the primary objective of #Shooting, shooting a basketball (ball), basketball (approximately in diameter) through the defender's hoop (a basket in diameter mounted high to a Backboard (basketball), backboard at each end of the court, while preventing the opposing team from shooting through their own hoop. A Field goal (basketball), field goal is worth two points, unless made from behind the 3 point line, three-point line, when it is worth three. After a foul, timed play stops and the player fouled or designated to shoot a technical foul is given one, two or three one-point free throws. The team with the most points at the end of the game wins, but if regulation play expires with the score tied, an additional period of play (Overtime (sports), overtime) is mandated. Players advance the ball by bouncing it while walking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banking In Europe
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity. ''.'' Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * es owned and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1959
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] |
Credit Unions Of Spain
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from past p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saski Baskonia
Club Deportivo Saski-Baskonia, S.A.D., commonly known as Saski Baskonia (), also known as Cazoo Baskonia for sponsorship reasons, is a professional basketball team that is based in Vitoria-Gasteiz, Spain. The team plays in the Liga ACB and the EuroLeague. History 1959–1969: start in the provincial basketball In 1951, the Club Deportivo Vasconia organized its own basketball section but without enough support to survive in the competition. It was already in the 1959–60 season when the club founded the basketball section after disappointment with the football team, under the presidency of Félix Ullivarriarrazua. Vicente Elejalde was appointed as head coach. In its first season, the team occupied the second position of the provincial championship behind Corazonistas. In the 1963–64 season, the team achieved its first provincial titles, proclaiming itself champion of league and cup. The team became strong in the provincial championship winning five of the ten editions pl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euroleague Basketball
Euroleague Basketball is the private company that runs and operates the top continental-wide basketball men's professional sports club competitions in Europe, the first-tier level EuroLeague, and the second-tier level EuroCup. It has been organizing the EuroLeague competition since the year 2000, beginning with the 2000–01 season. Since 2002, it has also organized the EuroLeague Final Four. It also oversees the European national basketball league rankings, and the Euroleague Basketball Next Generation Tournament. It is headquartered in Barcelona. Company structure Euroleague Commercial Assets S.A. (ECA) is the limited liability company, acting pursuant to Luxembourg law, with registered office in rue Beaumont 17, L-1219 Luxembourg. It is governed by the statutes and the resolutions of the governing bodies, the owners of which are the clubs participating in the EuroLeague and a number of leagues. The General Assembly is the ECA body of representation and governance, where ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liga ACB
The Liga ACB, known as Liga Endesa for sponsorship reasons, is the top professional basketball division of the Spanish basketball league system. Administrated by the Asociación de Clubs de Baloncesto (ACB), Liga ACB is contested by 18 teams, with the two lowest-placed teams relegated to the LEB Oro and replaced by the top team in that division plus the winner of the promotion playoffs. The competition was founded as the ACB Primera División on 1983 following the decision of clubs in the Liga Nacional, founded in 1957, to break away from the Spanish Basketball Federation and professionalize the league. The league's accumulated revenues were worth around €30 million in 2020, with Endesa and Movistar Plus+ contributing 50% of the revenues of the league. The league is a corporation where president Antonio Martín is responsible for its management, whilst the member clubs act as shareholders. Clubs were apportioned central payment revenues of €12 million in 2019–20. A ... [...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] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
8 (eight) is the natural number following 7 and preceding 9. In mathematics 8 is: * a composite number, its proper divisors being , , and . It is twice 4 or four times 2. * a power of two, being 2 (two cubed), and is the first number of the form , being an integer greater than 1. * the first number which is neither prime nor semiprime. * the base of the octal number system, which is mostly used with computers. In octal, one digit represents three bits. In modern computers, a byte is a grouping of eight bits, also called an octet. * a Fibonacci number, being plus . The next Fibonacci number is . 8 is the only positive Fibonacci number, aside from 1, that is a perfect cube. * the only nonzero perfect power that is one less than another perfect power, by Mihăilescu's Theorem. * the order of the smallest non-abelian group all of whose subgroups are normal. * the dimension of the octonions and is the highest possible dimension of a normed division algebra. * the first number ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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