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Fondazione Cassa Di Risparmio Di Torino
Fondazione Cassa di Risparmio di Torino (Fondazione CRT) is a charity organization formed in 1991 by the spin off of the bank activities Cassa di Risparmio di Torino into Banca CRT S.p.A. (a limited company), with the original statutory corporation became Fondazione CRT. The foundation was the major shareholders of Banca CRT S.p.A.. Organization Since the bank became a member of UniCredito, the foundation held the shares of UniCredito instead. UniCredito merged with Credito Italiano in 1998. In 1999 the foundation held 704,943,077 of 4,954,465,306 total ordinary shares (14.228%) of UniCredit (called UniCredito Italiano at that time), which was diluted to 14.092% in 2000, 14.029% in 2001, 11.235% in 2002 due to issue of new shares of UniCredit. Despite number of shares held decreased in the financial year 2003, the foundation became the largest shareholder of 8.741%, which the total issued ordinary shares of UniCredit had increased to 6,294,629,600. In the next year the foundation ret ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charity Organization
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, religious or other activities serving the public interest or common good). The legal definition of a charitable organization (and of charity) varies between countries and in some instances regions of the country. The regulation, the tax treatment, and the way in which charity law affects charitable organizations also vary. Charitable organizations may not use any of their funds to profit individual persons or entities. (However, some charitable organizations have come under scrutiny for spending a disproportionate amount of their income to pay the salaries of their leadership). Financial figures (e.g. tax refund, revenue from fundraising, revenue from sale of goods and services or revenue from investment) are indicators to assess the financial sustainability of a charity, especially to charity evaluators. This information can impact a char ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cassa Di Risparmio Di Torino
Banca Cassa di Risparmio di Torino S.p.A. known as Banca CRT, or Caritorino, was an Italian savings bank based in Turin, Piedmont. In 1997, the bank joined Unicredito banking group, as well as in 1998 followed the group to merge with Credito Italiano to form UniCredito Italiano (now known as UniCredit). In 2002, Banca CRT was absorbed into the parent company. The former owner of Banca CRT, Fondazione Cassa di Risparmio di Torino ( Fondazione CRT), as of 31 December 2013, still owned 2.506% voting rights of UniCredit, as 7th largest shareholder. On 31 December 1999, Fondazione CRT was the second largest shareholder of UniCredit with 14.228% of the total ordinary shares (704,943,077 of 4,954,465,306). History Cassa di Risparmio di Torino was founded in 1827 with a philanthropic ideals, at that time still in the Kingdom of Sardinia. Before 1950s, the bank already acquired the local banks in Casale Monferrato, Pinerolo and Ivrea. In 1991, due to , the daily banking operation, charity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Corporation
A statutory corporation is a government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, thus, they are statutes owned by a government or controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation. Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided). Australia In Australia, statutory corporations are a type of statutory authority created by Acts of state or federal parliaments. A statutory corporation is defined in the government glossary as a "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e. a statutory authority may also be a statutory corporation). An earlier definition describes a statutory corporation as "a statutory authority that is a body corporate", and the New South Wales Governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UniCredito
Unicredito was an Italian holding company, formed by the owner of banks: the banking foundations of Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona (Cariverona Banca) and Cassa di Risparmio della Marca Trivigiana (Cassamarca), in a ratio of 83.5% versus 16.5%. In 1997 the banking foundation of Cassa di Risparmio di Torino (Banca CRT) joined the group. The group merged with Credito Italiano to form UniCredit, Unicredito Italiano in 1998. Subsidiaries * Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona (Cariverona Banca) * Cassa di Risparmio della Marca Trivigiana (Cassamarca) * Cassa di Risparmio di Torino (Banca CRT) Equity investments * Cassa di Risparmio di Trieste * Cassa di Risparmio di Bra * Cassa di Risparmio di Fossano * Cassa di Risparmio di Saluzzo * Banca Cassa di Risparmio di Savigliano Other acquisition * Monte di Credito su Pegno di Vicenza (1996) Shareholders * Fondazione Cariverona * Fondazione Cassamarca * Fondazione CRT * Fondazione Caritrieste Refere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credito Italiano
Credito Italiano also known as just Credit, was an Italian bank, now part of UniCredit. It was merged with Unicredito in 1998, forming Unicredito Italiano (now UniCredit). Circa 1999 to 2002 UniCredit created a new subsidiary of the same name to run the retail network of Credito Italiano. On 1 July 2002 the subsidiary received the assets of sister banks to become UniCredit Banca. History Founded on 28 April 1870 in Genoa as Banca di Genova, it took part in the establishment of the Bank of Italy ( it, Banca d'Italia) and opened the first trans-Atlantic banking business with Buenos Aires (1872). Local shareholders were local nobility (Pallavicino and Balbi), bankers (Quartara, Polleri) and merchants (Lagorio, Dodero, Bacigalupo), creating an initial capital of 3 million Italian lira. It acquired "Banca Vonwiller" of Milan. In the 1890s, the international financial crisis led to refinancing by German and Swiss banks and name change to "Credito Italiano" (1895) With a paid-in capit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fondazione Cariverona
Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona, also known as Fondazione Cariverona is an Italian banking foundation based in Verona, Veneto region. The foundation was created in 1991. History Due to the , a law that required banks to become companies limited by shares ( it, società per azioni). The bank Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona (Cariverona) spin off the banking activities to form Cariverona Banca S.p.A., with the original statutory corporation and legal person was renamed into Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona. It was approved by The Decree of the Ministry of the Treasury on 20 December 1991 and the Decree was gazetted on 24 January 1992. The foundation retained its membership at Associazione di Casse di Risparmio (ACRI), which was renamed into Associazione di Fondazioni e di Casse di Risparmio S.p.A. after the 1990s banking reform. The foundation later formed an intermediate holding company with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Munich Re
Munich Re Group or Munich Reinsurance Company (german: Münchener Rück; Münchener Rückversicherungs-Gesellschaft) is a German multinational insurance company based in Munich, Germany. It is one of the world's leading reinsurers. ERGO, a Munich Re subsidiary, is the Group's primary insurance arm. Munich Re's shares are listed on all German stock exchanges and on the Xetra electronic trading system. Munich Re is included in the DAX index at the Frankfurt Stock Exchange, the Euro Stoxx 50, and other indices. History In 1880 Carl von Thieme, a native of Erfurt who was the representative in Bavaria of his father's ''Thuringia'' insurance company, founded in Munich ''Münchener Rückversicherungs-Gesellschaft'' together with Wilhelm von Finck (co-owner of the Merck Finck & Co. bank) and Theodor von Cramer-Klett. This was followed by the founding of Allianz Versicherungs-Gesellschaft in 1890 in Berlin. Carl von Thieme was head of Munich Re until 1921, and Wilhelm von Finck ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalia
Capitalia was an Italian banking group headquartered in Rome. The bank was a listed company in Borsa Italiana (Milan Stock Exchange). The bank was acquired by UniCredit by issuing new shares of UniCredit for shares of Capitalia. History Capitalia was formed on 1 July 2002 in a merger of Banca di Roma (and its subsidiary Banco di Sicilia and Mediocredito Centrale) and Bipop Carire (and its subsidiary Fineco). In the same year the bank sold 10 branches from Apulia, Campania and Molise regions to Banca Popolare di Puglia e Basilicata. Capitalia in turn agreed to be taken over by UniCredit in May 2007, becoming part of the second-largest bank in the European Union by stock market value and the sixth-largest in the world. Merger with UniCredit In May 2007, plans were finalized for the buyout of Capitalia by its larger Italian rival, UniCredit. All banks of the Capitalia group in Northern Italy will be reconfigured as UniCredit banks; in turn, all Unicredit banks in the rest of Italy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Société Générale
Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered a systemically important bank by the Financial Stability Board. From 1966 to 2003 it was known as one of the ''Trois Vieilles'' ("Old Three") major French commercial banks, along with Banque Nationale de Paris (from 2000 BNP Paribas) and Crédit Lyonnais. History 19th Century The bank was founded by a group of industrialists and financiers during the Second Empire on May 4, 1864. Its full name was ''Société Générale pour favoriser le développement du commerce et de l'industrie en France'' ("General Company to Support the Development of Commerce and Indus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treasury Stock
A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings). Stock repurchases are used as a tax efficient method to put cash into shareholders' hands, rather than paying dividends, in jurisdictions that treat capital gains more favorably. Sometimes, companies repurchase their stock when they feel that it is undervalued on the open market. Other times, companies repurchase their stock to reduce dilution from incentive compensation plans for employees. Another reason for stock repurchase is to protect the company against a takeover threat.Robert T. Sprouse, "Accounting for treasury stock transactions: Prevailing practices and new statutory provisions." ''Columbia Law Review'' 59.6 (1959): 882-900online/ref> The United Kingdom equivalent of treasury stock as used in the United States is treasury share. Treasury stocks in the UK refers to governm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cassa Depositi E Prestiti
Cassa Depositi e Prestiti S.p.A. (also kwown as CDP or CDP Group) is a prominent Italian investment bank founded on November 20, 1850, in Turin. Its main duty was to finance public works like roads and waterworks during the reign of Victor Emmanuel II of Italy, King of Sardinia-Piedmont. CDP is the major Italian institution for economic development through long-term investments at local, regional and national level and acts as the government's arm for executing public policy mandates. It is among the founders (with Caisse des Dépots, KfW and European Investment Bank) of the Long-Term Investors Club, a group that gathers 18 major financial institutions and institutional investors from all over the world mainly from G20 countries. History The institution was initially created under the name ''Cassa Piemontese'' by Act of the Parliament of the Kingdom of Sardinia No. 1097 of 18 November 1850. Its main purpose was to mobilise capital received by the State through private savings ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1991 Establishments In Italy
File:1991 Events Collage.png, From left, clockwise: Boris Yeltsin, elected as Russia's first president, waves the new flag of Russia after the 1991 Soviet coup d'état attempt, orchestrated by Soviet hardliners; Mount Pinatubo erupts in the Philippines, making it the second-largest volcanic eruption of the 20th century; MTS Oceanos sinks off the coast of South Africa, but the crew notoriously abandons the vessel before the passengers are rescued; Dissolution of the Soviet Union: The Soviet flag is lowered from the Kremlin for the last time and replaced with the flag of the Russian Federation; The United States and soon-to-be dissolved Soviet Union sign the START I Treaty; A tropical cyclone strikes Bangladesh, killing nearly 140,000 people; Lauda Air Flight 004 crashes after one of its thrust reversers activates during the flight; A United States-led coalition initiates Operation Desert Storm to remove Iraq and Saddam Hussein from Kuwait, 300x300px, thumb rect 0 0 200 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
