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Cheshire Building Society
The Cheshire Building Society was a building society based in Macclesfield, Cheshire, England. It was the 11th largest building society in the United Kingdom based on total assets of £5 billion on 31 December 2007, prior to merging with the Nationwide Building Society, and was a member of the Building Societies Association. The Cheshire was acquired by Nationwide on 15 December 2008, which was as a result of its approach to the Nationwide in September 2008 regarding a possible merger due to its financial position. The Cheshire continued to operate as a trading division of the Nationwide until it was fully integrated into its parent in October 2014. History Established in 1870 in Macclesfield, the Cheshire was one of the first permanent societies. The Society is the product of thirteen mergers, which began in 1969 when the Cheshire merged with the Northwich Building Society. This was followed by a series of smaller mergers through the 1970s and 1980s. The branch network now exten ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Building Society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingdom, Australia and New Zealand, and used to exist in Ireland and several Commonwealth countries. They are similar to credit unions in organisation, though few enforce a common bond. However, rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Great Britain from cooperative savings groups. In the United Kingdom, building societies actively compete ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationwide Building Society
Nationwide Building Society is a British mutual financial institution, the seventh largest cooperative financial institution and the largest building society in the world with over 16 million members. Its headquarters are in Swindon, England. Nationwide is made up of around 250 different building societies. Among the most significant mergers were those with the Anglia Building Society in 1987 and the Portman Building Society in 2007. It is now the second largest provider of household savings and mortgages in the UK and has a 10.3% market share of Current account (banking), current accounts for the 2021/2022 financial year. For the financial year 2021/2022, Nationwide had assets of around £272.4 billion compared to £483 billion for the entire building society sector, making it larger than the remaining 42 British building societies combined. It is a member of the Building Societies Association, the Council of Mortgage Lenders and Co-operatives UK. History The Society's ori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organizations Established In 1870
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1870
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ITV Granada
ITV Granada, formerly known as Granada Television, is the ITV franchisee for the North West of England and Isle of Man. From 1956 to 1968 it broadcast to both the north west and Yorkshire but only on weekdays as ABC Weekend Television was its weekend counterpart. Granada's parent company Granada plc later bought several other regional ITV stations and, in 2004, merged with Carlton Communications to form ITV plc. Granada Television was particularly noted by critics for the distinctive northern and "social realism" character of many of its network programmes, as well as the high quality of its drama and documentaries. In its prime as an independent franchisee, prior to its parent company merging with Carlton Communications to form ITV plc, it was the largest Independent Television producer in the UK, accounting for 25% of the total broadcasting output of the ITV network. Granada Television was founded by Sidney Bernstein at Granada Studios on Quay Street in Manchester and is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of Fair Trading
The Office of Fair Trading (OFT) was a non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforced both consumer protection and competition law, acting as the United Kingdom's economic regulator. The OFT's goal was to make markets work well for consumers, ensuring vigorous competition between fair dealing businesses and prohibiting unfair practices such as rogue trading, scams, and cartels. Its role was modified and its powers changed with the Enterprise Act 2002. The Department for Business, Innovation and Skills (BIS) announced reforms to the consumer protection and competition regimes. Under the provisions of the Enterprise and Regulatory Reform Act 2013, the Competition and Markets Authority (CMA) was established on 1 April 2014, combining many of the functions of the OFT and the Competition Commission and superseding both. Regulation for the consumer credit industry passed from the OFT to the new Financial Conduc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Authority
The Financial Services Authority (FSA) was a quasi-judicial body accountable for the financial regulation, regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board (SIB) in 1985. Its board was appointed by the HM Treasury, Treasury, although it operated independently of government. It was structured as a company limited by guarantee and was funded entirely by fees charged to the financial services industry. Due to perceived regulatory failure of the banks during the financial crisis of 2007–2008, the Cameron–Clegg coalition, UK government decided to restructure financial regulation and abolish the FSA. On 19 December 2012, the ''Financial Services Act 2012'' received royal assent, abolishing the FSA with effect from 1 April 2013. Its responsibilities were then split between two new agencies: the Financial Conduct Authority and the Prudential Regulation Authority (United Kingdom), Prudent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Building Societies Act
Building Societies Act is a stock short title used in both Ireland and the United Kingdom for legislation relating to building societies. List Ireland *The Building Societies (Amendment) Act 2006 *The Building Societies Act 1989 *The Building Societies (Amendment) Act 1986 *The Building Societies (Amendment) Act 1983 *The Building Societies (Amendment) Act 1980 *The Building Societies Act 1976 *The Building Societies Act 1974 *The Building Societies Act 1942 United Kingdom *The Dormant Bank and Building Society Accounts Act 2008 (c 31) *The Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 (c 26) *The Building Societies (Distributions) Act 1997 (c 41) *The Building Societies Act 1997 (c 32) *The Building Societies (Joint Account Holders) Act 1995 (c 5) *The Building Societies Act 1986 (c 53) *The Building Societies Act 1962 (10 & 11 Eliz 2 c 37) *The Building Societies Act 1960 (8 & 9 Eliz 2 c 64) *The Building Societies Act (Northern Ireland) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Windfall Gain
A windfall gain is an unusually high or abundant income, that is sudden and/or unexpected. Types Examples of windfall gains include, but are not limited to: *Gains from demutualization - this example can lead to especially large windfall gains. A study in 1999 into the potential demutualization of the John Lewis Partnership predicted that partners would receive upwards of £100,000 in windfall gains if the company were to be floated on the stock market. *Unexpected inheritance or other large gift from another *Sweepstakes winnings *Winning a lottery or success in another form of gambling *Returns on investments *Proceeds or profit from a large sale *Game show, or other contest winnings *Employment payroll bonus *Natural resources * Foreign aid *Proceeds from an insurance claim *Settlement from a lawsuit *Discoveries from treasure hunting Uses What people do with windfall gains is subject to much debate. While they differ from one account to the next, most economists hypothesize ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Derbyshire Building Society
Derbyshire Building Society (previously trading as The Derbyshire) was a UK building society based in Duffield, Derbyshire in the East Midlands of England. It was the 9th largest building society in the United Kingdom based on total assets of £7.1 billion at 31 December 2007, until it was acquired by Nationwide Building Society on 1 December 2008. It operated as a trading division of the society, with 50 branches, until it was fully integrated into its parent in November 2014. History In January 1847, The Derby Building and Investment Society was formed, with an initial £120 shares offered; this was a terminating society which, having achieved its purpose a year ahead of schedule, was wound up in May 1859. One of the Directors, Samuel Whitaker, decided to invite a group of business friends to a meeting on 12 August 1859 to discuss the preliminary arrangements for the formation of a permanent society. An immediate decision was taken and on 1 September 1859, the rules of The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cheshire Building Society, Bull Ring, Northwich - Geograph
Cheshire ( ) is a ceremonial and historic county in North West England, bordered by Wales to the west, Merseyside and Greater Manchester to the north, Derbyshire to the east, and Staffordshire and Shropshire to the south. Cheshire's county town is the cathedral city of Chester, while its largest town by population is Warrington. Other towns in the county include Alsager, Congleton, Crewe, Ellesmere Port, Frodsham, Knutsford, Macclesfield, Middlewich, Nantwich, Neston, Northwich, Poynton, Runcorn, Sandbach, Widnes, Wilmslow, and Winsford. Cheshire is split into the administrative districts of Cheshire West and Chester, Cheshire East, Halton, and Warrington. The county covers and has a population of around 1.1 million as of 2021. It is mostly rural, with a number of towns and villages supporting the agricultural and chemical industries; it is primarily known for producing chemicals, Cheshire cheese, salt, and silk. It has also had an impact on popular culture, producin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Building Societies Association
The Building Societies Association (BSA) was originally established in 1869. It is the voice for all 43 UK building societies as well as six large 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 depo ...s. Together these organisations serve around 25 million customers up and down the length of the UK. The BSA's objective is to push for the best outcomes for building societies and other members from the plethora of new and changing regulation and legislation in the UK and Europe. Key sector statistics Building societies have total assets of £415 billion and, together with their subsidiaries, hold residential mortgages of almost £330 billion, 23% of the total outstanding in the UK. They hold over £280 billion of retail deposits, accounting for 19% of all such deposit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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