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Coutts
Coutts & Co. is a London-headquartered private bank and wealth manager. Founded in 1692, it is the eighth oldest bank in the world. Today, Coutts forms part of NatWest Group's wealth management division. In the Channel Islands and the Isle of Man, Coutts Crown Dependencies operates as a trading name of The Royal Bank of Scotland International Limited. In 2021, Coutts achieved B-Corp Status becoming only the 3rd UK bank to achieve the certification. History The bank which was to become Coutts & Co, was originally a goldsmith-banker's shop. It was formed in 1692 by a young Scots goldsmith-banker, John Campbell of Lundie, Scotland. He set up business in the Strand, London, under a sign of the Three Crowns, as was customary in the days before street numbers. Today, the Coutts logo still has the three crowns, and its headquarters is still on the Strand. Campbell died in 1712, leaving the business to members of his family. The dominant force was Campbell's son in law, Georg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Coutts
Thomas Coutts (7 September 1735 – 24 February 1822) was a British banker. He was a founder of the banking house Coutts & Co. Early life Coutts was the fourth son of Jean (née Steuart) Coutts and John Coutts (1699–1751), whose business in Edinburgh was as a corn factor and negotiator of bills of exchange, and in 1742 was elected lord provost of the city. The family was originally of Montrose, but in about 1696 one of its members settled in Edinburgh, where in due course Thomas was educated at the Royal High School. Career Soon after the death of John Coutts the business was divided into two branches, with one continuing in Edinburgh, the other in London. The London banking business was in the hands of Thomas and his brother James, an MP. Following the death of his brother in 1778, as surviving partner Thomas became sole head of the firm, and it was under his direction the banking house rose to the highest distinction. His ambition was to establish his character as a man o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Coutts (MP)
James Coutts (10 March 1733 – 15 February 1778) was a Scottish politician, merchant and founder of the Coutts & Co. bank. Early life Coutts was born in Edinburgh, Scotland on 10 March 1733. He was the third son of Jean Steuart and John Coutts, the former Lord Provost of Edinburgh. Among his siblings were Patrick Coutts; John Coutts; Thomas Coutts and Steuart Coutts, and one sister, Margaret Coutts. His maternal grandfather was Sir John Steuart, 2nd Baronet of Allanbank (son of Sir Robert Steuart, 1st Baronet and Jean Gilmour, a daughter of Sir John Gilmour). His great-uncle was Archibald Stewart, the Lord Provost of Edinburgh. Coutts was educated at the Royal High School, Edinburgh. Career On his marriage, Coutts was taken into partnership by his wife's uncle, George Campbell, head of the Whig bank in the Strand who counted John Stuart, 3rd Earl of Bute as a customer. Upon Campbell's death in 1761, James took his brother Thomas into partnership with him. Lord Bute, as pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NatWest Holdings
NatWest Holdings is an intermediate holding company for the NatWest Group's retail banking interests in the United Kingdom. It was established in 2016, as part of a structural reform intended to comply with the requirements of the Financial Services (Banking Reform) Act 2013. The Act implements the Independent Commission on Banking recommendation that core domestic operations should be "ring-fenced" from wholesale and investment banking activities by 2019. Operations Registered in England, NatWest Holdings was formed to be the direct parent of five licensed banks: Coutts & Co. is a wholly owned subsidiary of NatWest. NatWest Holdings includes the Lombard North Central asset finance business and RBS Invoice Finance (Holdings). As authorised brands of Royal Bank of Scotland, the ring-fenced group also covers Holt's Military Banking and the private banking houses of Messrs. Drummond and Child & Co. in London and Adam & Company in Edinburgh. Two other licensed banks within th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Royal Bank Of Scotland International
The Royal Bank of Scotland International, trading under the NatWest International (retail), RBS International (institutional), Coutts Crown Dependencies (wealth management) and Isle of Man Bank brands, is the offshore banking arm of NatWest Group. It provides a range of services to personal, business, commercial, corporate and financial intermediary customers from its base in St. Helier, Jersey. History Royal Bank of Scotland The Royal Bank of Scotland first began offering services to customers in offshore jurisdictions through Williams Deacon Bank, its London and Manchester-based subsidiary, in 1963. RBS International was founded as Williams Deacons Investment and Finance Limited in 1966, becoming Williams & Glyn's Bank Investments (Jersey) Limited in 1970, Williams & Glyn's Bank (Jersey) Limited in 1982 and The Royal Bank of Scotland (Jersey) Limited in 1985, before adopting the present name in 2003. The Royal Bank of Scotland International was first registered as a trading ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NatWest Group
NatWest Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and corporate finance. In the United Kingdom, its main subsidiary companies are National Westminster Bank, Royal Bank of Scotland, NatWest Markets and Coutts. The group issues banknotes in Scotland and Northern Ireland; , the Royal Bank of Scotland was the only bank in the UK to still print £1 notes. Before the 2008 collapse and the general financial crisis, the Group was very briefly the largest bank in the world, and for a period was the second-largest bank in the UK and Europe and the fifth-largest in the world by market capitalisation. Subsequently, with a slumping share price and major loss of confidence, the bank fell sharply in the rankings, although in 2009 it was briefly the world's largest company by both assets (£1.9 trillion) an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Three Crowns
Three Crowns ( sv, tre kronor, links=no) is the national emblem of Sweden, present in the coat of arms of Sweden, and composed of three yellow or gilded coronets ordered two above and one below, placed on a blue background. Similar designs are found on a number of other coats of arms or flags. The emblem is often used as a symbol of official State authority by the Monarchy, the Riksdag, the Government of Sweden and by Swedish embassies around the world, but also appears in other less formal contexts, such as the Sweden men's national ice hockey team, who wear the symbol on their sweaters and hence are called "Three Crowns", and atop the Stockholm City Hall (built 1911–1923). The Three Crowns are also used as the roundel on military aircraft of the Swedish Air Force and as a sign on Swedish military equipment in general, and also on the uniforms and vehicles of the Swedish Police Authority. Because of their Scandinavian origin, the Three Crowns are also lesser-known featu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Banking
Private banking is banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs)—defined as those with very high levels of income or sizable assets. A bank that specializes in private banking is called a private bank. Private banking is a more exclusive subset of wealth management, geared toward exceptionally affluent clients. The term "private" refers to customer service rendered on a more personal basis than in mass-market retail banking, usually provided via dedicated bank advisers. At least until recently, it largely consisted of banking services (deposit taking and payments), discretionary asset management, brokerage, limited tax advisory services and some basic concierge-type services, offered by a single designated relationship manager. History Private banking is how banking originated. The first banks in Venice were focused on managing personal finance for wealthy families. Private ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Oldest Banks In Continuous Operation
This list of the oldest banks includes financial institutions in ''continuous'' operation, operating with the same legal identity without interruption since their establishment until the present time. Depending on the definition, the world's oldest bank is either Banca Monte dei Paschi di Siena or Berenberg Bank. Banca Monte dei Paschi di Siena was founded in its present form in 1624, but traces its history to a mount of piety founded in 1472. The Berenberg company was founded in 1590 and has operated continuously ever since with the same family as owners or major co-owners. Banca Monte dei Paschi di Siena is today a large Italian retail bank, while Berenberg Bank is primarily involved in investment banking and private banking for wealthy customers; in any event Berenberg Bank is the world's oldest merchant bank or investment bank. The world's oldest central bank is the Sveriges Riksbank, which was founded in 1668. __TOC__ Banks established before 1600 Banks established ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Waldegrave, Baron Waldegrave Of North Hill
William Arthur Waldegrave, Baron Waldegrave of North Hill, (; born 15 August 1946) is a British Conservative Party politician who served as a Cabinet minister from 1990 until 1997, and is a life member of the Tory Reform Group. Since 1999, he has been a life peer in the House of Lords. Since 8 February 2009, Lord Waldegrave has been the Provost of Eton College. Additionally, he was inaugurated as Chancellor of the University of Reading on 9 December 2016. Waldegrave's 2015 memoir, ''A Different Kind of Weather'', discusses his high youthful political ambition, his political and to some extent personal life, and growing acceptance that he would not achieve his ultimate ambition. It also provides an account of the Heath, Thatcher and—to a lesser extent—Major governments, including his role in the development of the 'community charge' or poll tax. It includes a chapter entitled 'The Poll Tax – all my own work'. Waldegrave served as a Trustee (1992–2011) and Chair (2002– ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Unlimited Company
An unlimited company or private unlimited company is a hybrid company (corporation) incorporated with or without a share capital (and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not limited: that is, its members or shareholders have a joint and several non-limited obligation to meet any insufficiency in the assets of the company to enable settlement of any outstanding financial liability in the event of the company's formal liquidation. Characteristics The joint and several non-limited liability of the members or shareholders of such an unlimited company to meet any insufficiency in the assets of the company (to settle its outstanding liabilities if any exist) applies only upon the formal liquidation of the company. Therefore, prior to any such formal liquidation of the company, any creditors or security holders of the company may have recourse only to the assets of the company, not those of its members or sharehol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comptroller
A comptroller (pronounced either the same as ''controller'' or as ) is a management-level position responsible for supervising the quality of accounting and financial reporting of an organization. A financial comptroller is a senior-level executive who acts as the head of accounting, and oversees the preparation of financial reports, such as balance sheets and income statements. In most Commonwealth countries, the comptroller general, auditor general, or comptroller and auditor general is the external auditor of the budget execution of the government and of government-owned companies. Typically, the independent institution headed by the comptroller general is a member of the International Organization of Supreme Audit Institutions. In American government, the comptroller is effectively the chief financial officer of a public body. In business management, the comptroller is closer to a chief audit executive, holding a senior role in internal audit functions. Generally, the title ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Law (economist)
John Law (pronounced in French in the traditional approximation of ''Laws'', the colloquial Scottish form of the name; 21 April 1671 – 21 March 1729) was a Scottish economist who distinguished money, a means of Financial transaction, exchange, from national wealth dependent on trade. He served as Controller General of Finances under the Philippe II, Duke of Orléans, Duke of Orleans, who was regent for the juvenile Louis XV of France. In 1716, Law set up a private Banque Générale in France. A year later it was nationalised at his request and renamed as Banque Royale. The private bank had been funded mainly by John Law and Louis XV; three-quarters of its capital (economics), capital consisted of government bills and government-accepted notes, effectively making it the nation's first central bank. Backed only partially by silver, it was a Fractional-reserve banking, fractional reserve bank. Law also set up and directed the Mississippi Scheme, Mississippi Company, funded by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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