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Dunfermline Building Society
The Dunfermline Building Society was a building society and later a trading division of Nationwide Building Society, based in Dunfermline, Scotland. Before its 2009 merger with Nationwide, it was the largest building society in Scotland and the 12th largest in the United Kingdom based on total assets of £3.3 billion at 31 December 2007. It was a member of the Building Societies Association. On 28 March 2009, reports indicated the Society was no longer viable, and would be put up for public sale, to be managed by the Bank of England. This process led to acquisition of the Society's branches, good loans and deposits by the Nationwide Building Society with the Bank of England assuming control of £1bn in commercial lending and the Society's poorer-quality and shared ownership mortgages. The Dunfermline was fully integrated into Nationwide in June 2014. History The Dunfermline was established in 1869 in the town of Dunfermline from which it took its name. It expanded througho ...
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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 ...
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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 ...
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Scottish Brands
Scottish usually refers to something of, from, or related to Scotland, including: *Scottish Gaelic, a Celtic Goidelic language of the Indo-European language family native to Scotland *Scottish English *Scottish national identity, the Scottish identity and common culture *Scottish people, a nation and ethnic group native to Scotland *Scots language, a West Germanic language spoken in lowland Scotland *Symphony No. 3 (Mendelssohn), a symphony by Felix Mendelssohn known as ''the Scottish'' See also *Scotch (other) *Scotland (other) *Scots (other) *Scottian (other) *Schottische The schottische is a partnered country dance that apparently originated in Bohemia. It was popular in Victorian era ballrooms as a part of the Bohemian folk-dance craze and left its traces in folk music of countries such as Argentina ("chotis"Span ... * {{disambiguation Language and nationality disambiguation pages ca:Escocès ...
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Companies Based In Fife
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pe ...
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19th Century In Scotland
19 (nineteen) is the natural number following 18 and preceding 20. It is a prime number. Mathematics 19 is the eighth prime number, and forms a sexy prime with 13, a twin prime with 17, and a cousin prime with 23. It is the third full reptend prime, the fifth central trinomial coefficient, and the seventh Mersenne prime exponent. It is also the second Keith number, and more specifically the first Keith prime. * 19 is the maximum number of fourth powers needed to sum up to any natural number, and in the context of Waring's problem, 19 is the fourth value of g(k). * The sum of the squares of the first 19 primes is divisible by 19. *19 is the sixth Heegner number. 67 and 163, respectively the 19th and 38th prime numbers, are the two largest Heegner numbers, of nine total. * 19 is the third centered triangular number as well as the third centered hexagonal number. : The 19th triangular number is 190, equivalently the sum of the first 19 non-zero integers, that is also ...
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1869 Establishments In Scotland
Events January–March * January 3 – Abdur Rahman Khan is defeated at Tinah Khan, and exiled from Afghanistan. * January 5 – Scotland's oldest professional football team, Kilmarnock F.C., is founded. * January 20 – Elizabeth Cady Stanton is the first woman to testify before the United States Congress. * January 21 – The P.E.O. Sisterhood, a philanthropic educational organization for women, is founded at Iowa Wesleyan College in Mount Pleasant, Iowa. * January 27 – The Republic of Ezo is proclaimed on the northern Japanese island of Ezo (which will be renamed Hokkaidō on September 20) by remaining adherents to the Tokugawa shogunate. * February 5 – Prospectors in Moliagul, Victoria, Australia, discover the largest alluvial gold nugget ever found, known as the "Welcome Stranger". * February 20 – Ranavalona II, the Merina Queen of Madagascar, is baptized. * February 25 – The Iron and Steel Institute is formed in London. * F ...
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Financial Services Companies Established In 1869
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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BBC Scotland
BBC Scotland (Scottish Gaelic: ''BBC Alba'') is a division of the BBC and the main public broadcaster in Scotland. It is one of the four BBC national regions, together with the BBC English Regions, BBC Cymru Wales and BBC Northern Ireland. Its headquarters are in Glasgow, it employs approximately 1,250 staff as of 2017, to produce 15,000 hours of television and radio programming per year. Some £320 million of licence fee revenue is raised in Scotland, with expenditure on purely local content set to stand at £86 million by 2016–17. The remainder of licence fee revenue raised in the country is spent on networked programmes shown throughout the UK. BBC Scotland operates television channels such as the Scottish variant of BBC One, the BBC Scotland channel and the Gaelic-language channel BBC Alba, and radio stations BBC Radio Scotland and Gaelic-language BBC Radio nan Gaidheal. History The first radio service in Scotland was launched by the British Broadcasting ...
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HM Treasury
His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and economic policy. The Treasury maintains the Online System for Central Accounting and Reporting (OSCAR), the replacement for the Combined Online Information System (COINS), which itemises departmental spending under thousands of category headings, and from which the Whole of Government Accounts (WGA) annual financial statements are produced. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was stored. The Treasury of the United Kingdom thus traces its origins to the Treasury of the ...
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Dunfermline Building Society - Geograph
Dunfermline (; sco, Dunfaurlin, gd, Dùn Phàrlain) is a city, parish and former Royal Burgh, in Fife, Scotland, on high ground from the northern shore of the Firth of Forth. The city currently has an estimated population of 58,508. According to the National Records of Scotland, the Greater Dunfermline area has a population of 76,210. The earliest known settlements in the area around Dunfermline probably date as far back as the Neolithic period. The area was not regionally significant until at least the Bronze Age. The town was first recorded in the 11th century, with the marriage of Malcolm III, King of Scots, and Saint Margaret at the church in Dunfermline. As his Queen consort, Margaret established a new church dedicated to the Holy Trinity, which evolved into an Abbey under their son, David I in 1128. During the reign of Alexander I, the church – later to be known as Dunfermline Abbey – was firmly established as a prosperous royal mausoleum for the Scottish Cr ...
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Mutual Organization
A mutual organization, or mutual society is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship. A mutual organization or society is often simply referred to as ''a mutual''. A mutual exists with the purpose of raising funds from its membership or customers (collectively called its ''members''), which can then be used to provide common services to all members of the organization or society. A mutual is therefore owned by, and run for the benefit of, its members – it has no external shareholders to pay in the form of dividends, and as such does not usually seek to maximize and make large profits or capital gains. Mutuals exist for the members to benefit from the services they provide and often do not pa ...
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BBC News Online
BBC News Online is the website of BBC News, the division of the BBC responsible for newsgathering and production. It is one of the most popular news websites, with 1.2 billion website visits in April 2021, as well as being used by 60% of the UK's internet users for news. The website contains international news coverage, as well as British, entertainment, science, and political news. Many reports are accompanied by audio and video from the BBC's television and radio news services, while the latest TV and radio bulletins are also available to view or listen to on the site together with other current affairs programmes. BBC News Online is closely linked to its sister department website, that of BBC Sport. Both sites follow similar layout and content options and respective journalists work alongside each other. Location information provided by users is also shared with the website of BBC Weather to provide local content. From 1998 to 2001 the site was named best news website at t ...
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