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Chatham And Phenix National
The Chatham Phenix National Bank and Trust Company was a bank in New York City connected with the Chatham Phenix Corporation. Its predecessor Chatham and Phenix National Bank was formed in 1911 when Chatham National Bank paid $1,880,000 to absorb the asset of the Phenix National Bank. The bank grew significantly as it absorbed smaller banking institutions, such as Mutual Alliance Trust Company and Century Bank in 1915, at which point Chatham and Phenix National Bank became the "first national bank to operate branches in the same city with the main bank." Chatham Phenix National Bank and Trust Company of New York was organized in 1925 with resources of around $300,000,000. At the time of its formation, it was one of the ten largest banks in the United States. In 1932, the company merged with the Manufacturers Trust. History Phenix Bank and Chatham Bank Phenix Bank was established in 1812 as the banking division of the New York Manufacturing Company, which made cotton looms and sup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts Deposit account, 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 Bank regulation, 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 accounting liquidity, 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 concept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Bank
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. The banks are jointly responsible for implementing the monetary policy set forth by the Federal Open Market Committee, and are divided as follows: Some banks also possess branches, with the whole system being headquartered at the Eccles Building in Washington, D.C. History The Federal Reserve Banks are the most recent institutions that the United States government has created to provide functions of a central bank. Prior institutions have included the First (1791–1811) and Second (1818–1824) Banks of the United States, the Independent Treasury (1846–1920) and the National Banking System (1863–1935). Several policy questions have arisen with these institutions, including the degree of influence by private in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
August Belmont Jr
August Belmont Jr. (February 18, 1853 – December 10, 1924) was an American financier. He financed the construction of the original New York City subway (1900–1904) and for many years headed the Interborough Rapid Transit Company, which ran the transit system. He also financed and led the construction of the Cape Cod Canal in Massachusetts, which opened in 1914. Belmont bought the land for and built New York's Belmont Park racetrack—named for his father—and was a major owner/breeder of thoroughbred racehorses. He served as chairman of the board of the Louisville and Nashville Railroad. He also served as a director of the Southern Pacific Co., parent of the railroad, and National Park Bank. Early life He was born in Manhattan, New York City, on February 18, 1853, to Caroline Slidell Perry and August Belmont Sr. His maternal grandfather was Commodore Matthew C. Perry. He graduated from St. Mark's School and was an 1875 graduate of Harvard University. At Harvard on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hanover Bank
Manufacturers Hanover Corporation was the bank holding company formed as parent of Manufacturers Hanover Trust Company, a large New York bank formed by a merger in 1961. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufacturers Hanover Corporation. Charles J. Stewart was the company's first president and chairman. The corporation acquired the former Union Carbide Corporation headquarters at 270 Park Avenue, and though it merged into Chemical Banking Corporation for $1.9 billion in 1991, the successor corporations down to today's J.P. Morgan Chase & Co. have continued to locate their headquarters in that building. History Manufacturers Trust Company Manufacturers Hanover traces its origins to the 1905 founding of Citizens Trust Company of Brooklyn. Through a series of acquisitions, the bank would grow into one of New York's largest banks within its first twenty years. Citizens Trust's first major acquisitions came with its mergers with the Broadway ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturers Hanover Trust Company
Manufacturers Hanover Corporation was the bank holding company formed as parent of Manufacturers Hanover Trust Company, a large New York bank formed by a merger in 1961. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufacturers Hanover Corporation. Charles J. Stewart was the company's first president and chairman. The corporation acquired the former Union Carbide Corporation headquarters at 270 Park Avenue, and though it merged into Chemical Banking Corporation for $1.9 billion in 1991, the successor corporations down to today's J.P. Morgan Chase & Co. have continued to locate their headquarters in that building. History Manufacturers Trust Company Manufacturers Hanover traces its origins to the 1905 founding of Citizens Trust Company of Brooklyn. Through a series of acquisitions, the bank would grow into one of New York's largest banks within its first twenty years. Citizens Trust's first major acquisitions came with its mergers with the Broadway ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Mining Journal (trade Magazine)
The ''Mining Journal'' covers global mining investment, finance, and business. Origins The ''Mining Journal'' was founded in 1835 in London by Henry English, a London stockbroker under the name of ''Mining Journal and Commercial Gazette''. In 1860 it was renamed to ''Mining Journal, Railway and Commercial Gazette'' and by 1910 it was called ''Mining Journal''. In the early days of ''Mining Journal'', then known as ''Mining Journal and Commercial Gazette'', it carried information on a range of subjects, from mines, machinery and metals prices, to news items and stories of general interest. The early issues also provided a glossary of mining terms, updated regularly, and noted all known mine accidents. In 1963, The Mining Journal Ltd took over rival publication ''Mining Magazine'', which had been founded in 1909 by Herbert Hoover, later to become President of the US, while he was a mining engineer then working in London. In 1935, as a centenary edition, it launched '' Mining ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buffalo Courier Express
The ''Buffalo Courier-Express'' was a morning newspaper in Buffalo, New York. It ceased publication on September 19, 1982. History The ''Courier-Express'' was created in 1926 by a merger of the ''Buffalo Daily Courier'' and the ''Buffalo Morning Express.'' William James Conners, the owner of the ''Buffalo Courier'', brought the two papers together. The combined newspapers claimed a heritage dating to 1828. One notable part-owner and editor of the ''Buffalo Express'' was Samuel Langhorne Clemens, also known as Mark Twain, whose tenure at the newspaper lasted from 1869 to 1871. In August 1979, The ''Courier-Express'' was purchased by the Cowles Media Company, a publishing company based in Minneapolis, Minnesota. After a change in corporate leadership, Cowles Media decided to close the paper in September 1982. After the local Newspaper Guild members voted to oppose a deal to sell the ''Courier Express'' to Rupert Murdoch's News Corporation, the September 19, 1982 issue was the last ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
