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Metro Bank (United Kingdom)
Metro Bank plc is a retail and commercial bank operating in the United Kingdom, founded by Anthony Thomson and Vernon Hill in 2010. At its launch it was the first new high street bank to launch in the United Kingdom in over 150 years. It is listed on the London Stock Exchange. After a period of rapid growth, Metro Bank hit difficulties in early 2019 when it announced it had insufficient capital to meet regulatory requirements, following the discovery of an error in the way it categorised its commercial loans for capital adequacy purposes. As a result, it had to raise an additional £350m of capital. Concerns over the announcement and the bank's ability to raise the capital resulted in the bank's share price falling by 75% in less than four months, and large depositors withdrawing cash, because of "adverse sentiment". History Metro Bank was granted its licence by the Financial Services Authority on 5 March 2010, the first high-street bank to be granted such a licence for ov ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public l ...
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Sutton, London
Sutton is the principal town in the London Borough of Sutton in South London, England. It lies on the lower slopes of the North Downs, and is the administrative headquarters of the Outer London borough. It is south-south west of Charing Cross, and is one of the thirteen metropolitan centres in the London Plan. The population of the town was counted as 41,483 in the 2011 census, while the borough overall counted 204,525. An ancient parish originally in the county of Surrey, Sutton is recorded in the ''Domesday Book'' of 1086 as having two churches and about 30 houses. Its location on the London to Brighton turnpike from 1755 led to the opening of coaching inns, spurring its growth as a village. When it was connected to central London by rail in 1847, it began to grow into a town, and it expanded further in the 20th century. It became a Municipal Borough of Sutton and Cheam, municipal borough with Cheam in 1934, and became part of Greater London in 1965. Sutton has the largest ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ...
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Daily Telegraph
Daily or The Daily may refer to: Journalism * Daily newspaper, newspaper issued on five to seven day of most weeks * ''The Daily'' (podcast), a podcast by ''The New York Times'' * ''The Daily'' (News Corporation), a defunct US-based iPad newspaper from News Corporation * ''The Daily of the University of Washington'', a student newspaper using ''The Daily'' as its standardhead Places * Daily, North Dakota, United States * Daily Township, Dixon County, Nebraska, United States People * Bill Daily (1927–2018), American actor * Elizabeth Daily (born 1961), American voice actress * Joseph E. Daily (1888–1965), American jurist * Thomas Vose Daily (1927–2017), American Roman Catholic bishop Other usages * Iveco Daily, a large van produced by Iveco * Dailies, unedited footage in film See also * Dailey, surname * Daley (other) * Daly (other) Daly or DALY may refer to: Places Australia * County of Daly, a cadastral division in South Australia * Daly ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ...
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Reuben Brothers
David Reuben (born 1941) and Simon Reuben (born 1944) are Indian-born British people, British businessmen. In May 2020, they were named as the second richest family in the UK by the ''Sunday Times Rich List'' with a net worth of £16 billion. Early life and background The brothers were born in Bombay, British India, the sons of David Sassoon Reuben and Nancy Reuben, a Baghdadi Jewish family. The brothers arrived in London in the 1950s with their mother, Nancy, and lived in Islington; having run various businesses across the Indian Subcontinent from their bases in Bombay and Baghdad. The brothers attended state schools, with Simon never completing his formal education. Careers David joined a scrap metals business while Simon started out in carpets. Simon went on to buy out England's oldest carpet company from the receivers and made enough money from it to start investing in property, with early investments on Walton Street, London, Walton Street and the King's Road in Chelsea, Lo ...
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Samuel J
Samuel ''Šəmūʾēl'', Tiberian: ''Šămūʾēl''; ar, شموئيل or صموئيل '; el, Σαμουήλ ''Samouḗl''; la, Samūēl is a figure who, in the narratives of the Hebrew Bible, plays a key role in the transition from the biblical judges to the United Kingdom of Israel under Saul, and again in the monarchy's transition from Saul to David. He is venerated as a prophet in Judaism, Christianity, and Islam. In addition to his role in the Hebrew scriptures, Samuel is mentioned in Jewish rabbinical literature, in the Christian New Testament, and in the second chapter of the Quran (although Islamic texts do not mention him by name). He is also treated in the fifth through seventh books of '' Antiquities of the Jews'', written by the Jewish scholar Josephus in the first century. He is first called "the Seer" in 1 Samuel 9:9. Biblical account Family Samuel's mother was Hannah and his father was Elkanah. Elkanah lived at Ramathaim in the district of Zuph. His geneal ...
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SAC Capital Advisors
SAC Capital Advisors was a group of hedge funds founded by Steven A. Cohen in 1992. The firm employed approximately 800 peopleSteve Cohen's Trade Secrets
, February 26, 2010
in 2010 across its offices located in Stamford, and New York City, and various offices. It reportedly lost many of its traders in the wake of various investigations by the ...
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Steven A
Stephen or Steven is a common English first name. It is particularly significant to Christians, as it belonged to Saint Stephen ( grc-gre, Στέφανος ), an early disciple and deacon who, according to the Book of Acts, was stoned to death; he is widely regarded as the first martyr (or "protomartyr") of the Christian Church. In English, Stephen is most commonly pronounced as ' (). The name, in both the forms Stephen and Steven, is often shortened to Steve or Stevie. The spelling as Stephen can also be pronounced which is from the Greek original version, Stephanos. In English, the female version of the name is Stephanie. Many surnames are derived from the first name, including Stephens, Stevens, Stephenson, and Stevenson, all of which mean "Stephen's (son)". In modern times the name has sometimes been given with intentionally non-standard spelling, such as Stevan or Stevon. A common variant of the name used in English is Stephan ; related names that have found some curr ...
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Fidelity Investments
Fidelity Investments, commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is one of the largest asset managers in the world with $4.5 trillion in assets under management, now as of December 2021 their assets under administration amounts to $11.8 trillion. Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance. History The "Fidelity Fund" became Fidelity Investments under Edward C. Johnson II; incorporated in Massachusetts, May 1, 1930. During the Great Depression, the "Fidelity Fund" was the only fund approved by John C. Hull in his term in office as Securities Director for Massachusetts because of widesprea ...
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Holborn
Holborn ( or ) is a district in central London, which covers the south-eastern part of the London Borough of Camden and a part ( St Andrew Holborn Below the Bars) of the Ward of Farringdon Without in the City of London. The area has its roots in the ancient parish of Holborn, which lay on the west bank of the now buried River Fleet, taking its name from an alternative name for the river. The area is sometimes described as part of the West End of London or of the wider West London area. The River Fleet also gave its name to the streets ''Holborn'' and ''High Holborn'' which extend west from the site of the former Newgate in the London Wall, over the Fleet, through Holborn and towards Westminster. The district benefits from a central location which helps provide a strong mixed economy. The area is particularly noted for its links to the legal profession, the diamond centre at Hatton Garden and Great Ormond Street Hospital. Origins and administration Holborn emerged from th ...
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