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List Of Corporate Collapses And Scandals
A corporate collapse typically involves the insolvency or bankruptcy of a major business enterprise. A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved false or inappropriate accounting of some sort (see list at accounting scandals). List of major corporate collapses The following list of corporations involved major collapses, through the risk of job losses or size of the business, and meant entering into insolvency or bankruptcy, or being nationalised or requiring a non-market loan by a government. List of scandals without insolvency * Australia & New Zealand Banking Group scandal involving misleading file notes in the Financial Ombudsman Service (Australia) presented to the Supreme Court of Victoria. * Australia & New Zealand Banking Group allegations of racial bigotry toward billionaire businessman Pankaj Oswal and his wife. Court was presented ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insolvency
In accounting, insolvency is the state of being unable to pay the debts, by a person or company ( debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-sheet insolvency. Cash-flow insolvency is when a person or company has enough assets to pay what is owed, but does not have the appropriate form of payment. For example, a person may own a large house and a valuable car, but not have enough liquid assets to pay a debt when it falls due. Cash-flow insolvency can usually be resolved by negotiation. For example, the bill collector may wait until the car is sold and the debtor agrees to pay a penalty. Balance-sheet insolvency is when a person or company does not have enough assets to pay all of their debts. The person or company might enter bankruptcy, but not necessarily. Once a loss is accepted by all parties, negotiation is often able to resolve the situation without bankruptcy. A comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonialism
Colonialism is a practice or policy of control by one people or power over other people or areas, often by establishing colonies and generally with the aim of economic dominance. In the process of colonisation, colonisers may impose their religion, language, economics, and other cultural practices. The foreign administrators rule the territory in pursuit of their interests, seeking to benefit from the colonised region's people and resources. It is associated with but distinct from imperialism. Though colonialism has existed since ancient times, the concept is most strongly associated with the European colonial period starting with the 15th century when some European states established colonising empires. At first, European colonising countries followed policies of mercantilism, aiming to strengthen the home-country economy, so agreements usually restricted the colony to trading only with the metropole (mother country). By the mid-19th century, the British Empire gave up m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. The Bank became an independent public organisation in 1998, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales, and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland. The Bank's Monetary Policy Committee has devolved responsibility f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samuel Gurney (1786–1856)
Samuel Gurney (18 October 1786 – 5 June 1856) was an English banker and philanthropist from the Gurney family of Norwich. He should not be confused with his second son, Samuel (1816–1882), also described as banker and philanthropist, and a Member of Parliament. Early years and marriage Gurney was born at Earlham Hall near Norwich, England, 18 October 1786, the second son of John Gurney (1749–1809), a Quaker banker of Norwich, and Catherine, the daughter of Daniel Bell (1728–1750), a London merchant from Stamford Hill. The family's Gurney's Bank was founded in 1770. Gurney was educated at Wandsworth, Surrey, and at Hingham, Norfolk. Among his siblings were Joseph John Gurney, Daniel Gurney (1791–1880), Elizabeth Fry, Louisa Hoare (1784–1836), the wife of Samuel Hoare, and Hannah Buxton, the wife of Sir Thomas Buxton. At the age of 14, Gurney was placed in the counting-house of his brother-in-law, Joseph Fry (1777–1861), a tea merchant and banker, at St Mildr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overend, Gurney & Co
Overend, Gurney & Company was a London wholesale discount bank, known as "the bankers' bank", which collapsed in 1866 owing about £11 million, equivalent to £ million in . The collapse of the institution triggered a banking panic. History Early years The business was founded in 1800 as Richardson, Overend and Company by Thomas Richardson, clerk to a London bill discounter, and John Overend, chief clerk in the bank of Smith, Payne and Company at Nottingham (absorbed into the National Provincial Bank in 1902), with Gurney's Bank (absorbed into Barclays Bank in 1896) supplying the capital. At that time, bill-discounting was carried on in a spasmodic fashion by the ordinary merchant in addition to his regular business, but Richardson considered that there was room for a London house which should devote itself entirely to the trade in bills. This idea, novel at the time, proved an instant success. Samuel Gurney joined the firm in 1807 and took control of Overend, Gurney and Co. i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anglo-Dutch Wars
The Anglo–Dutch Wars ( nl, Engels–Nederlandse Oorlogen) were a series of conflicts mainly fought between the Dutch Republic and England (later Great Britain) from mid-17th to late 18th century. The first three wars occurred in the second half of the 17th century over trade and overseas colonies, while the fourth was fought a century later. Almost all the battles were naval engagements. The English were successful in the first, while the Dutch were successful in the second and third clashes. However, by the time of the fourth war, the British Royal Navy had become the most powerful maritime force in the world. There would be more battles in the late 18th and early 19th centuries, mainly won by the British, but these are generally considered to be separate conflicts. Background The English and the Dutch were both participants in the 16th-century European religious conflicts between the Catholic Habsburg Dynasty and the opposing Protestant states. At the same time, as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Batavian Republic
The Batavian Republic ( nl, Bataafse Republiek; french: République Batave) was the successor state to the Republic of the Seven United Netherlands. It was proclaimed on 19 January 1795 and ended on 5 June 1806, with the accession of Louis Bonaparte to the Dutch throne. From October 1801 onward, it was known as the Batavian Commonwealth ( nl, Bataafs Gemenebest). Both names refer to the Germanic tribe of the ''Batavi'', representing both the Dutch ancestry and their ancient quest for liberty in their nationalistic lore. In early 1795, intervention by the French Republic led to the downfall of the old Dutch Republic. The new Republic enjoyed widespread support from the Dutch populace and was the product of a genuine popular revolution. However, it was founded with the armed support of the French revolutionary forces. The Batavian Republic became a client state, the first of the " sister-republics", and later part of the French Empire of Napoleon. Its politics were deeply i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dutch East India Company
The United East India Company ( nl, Verenigde Oostindische Compagnie, the VOC) was a chartered company established on the 20th March 1602 by the States General of the Netherlands amalgamating existing companies into the first joint-stock company in the world, granting it a 21-year monopoly to carry out trade activities in Asia. Shares in the company could be bought by any resident of the United Provinces and then subsequently bought and sold in open-air secondary markets (one of which became the Amsterdam Stock Exchange). It is sometimes considered to have been the first multinational corporation. It was a powerful company, possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins, and establish colonies. They are also known for their international slave trade. Statistically, the VOC eclipsed all of its rivals in the Asia trade. Between 1602 and 1796 the VOC sent almost a million E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Aislabie
John Aislabie or Aslabie (; 4 December 167018 June 1742), of Studley Royal, near Ripon, Yorkshire, was a British politician who sat in the English and British House of Commons from 1695 to 1721. He was of an independent mind, and did not stick regularly to the main parties. He was Chancellor of the Exchequer at the time of the South Sea Bubble and his involvement with the Company led to his resignation and disgrace. Background and education Aislabie's family were originally Yeoman farmers who lived in Hemingbrough. His father George Aislabie married into the highly influential Mallory family through Mary Mallory, daughter of Sir John Mallory of Studley Royal. He was admitted at St. John's College, Cambridge, in 1687 and at Trinity Hall, Cambridge, in 1692. He inherited the Studley estate from his mother's family in 1693, and started serious development of the garden around 1716. He was the first in England to introduce natural landscaping and created the water garden at Studl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of HM Treasury, His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is a high-ranking member of the Cabinet of the United Kingdom, British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six Lords Commissioners of the Treasury, lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conservative Party (UK)
The Conservative Party, officially the Conservative and Unionist Party and also known colloquially as the Tories, is one of the two main political parties in the United Kingdom, along with the Labour Party. It is the current governing party, having won the 2019 general election. It has been the primary governing party in Britain since 2010. The party is on the centre-right of the political spectrum, and encompasses various ideological factions including one-nation conservatives, Thatcherites, and traditionalist conservatives. The party currently has 356 Members of Parliament, 264 members of the House of Lords, 9 members of the London Assembly, 31 members of the Scottish Parliament, 16 members of the Welsh Parliament, 2 directly elected mayors, 30 police and crime commissioners, and around 6,683 local councillors. It holds the annual Conservative Party Conference. The Conservative Party was founded in 1834 from the Tory Party and was one of two dominant politica ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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