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NBNK
NBNK Investments plc was a UK-based financial investment company formed by Lord Levene and a consortium of senior business figures in 2010. The aim of the company was to build a new large UK retail bank primarily through the acquisition of other banks. the company had failed to acquire any banking assets and had considered winding up as it had been unable to acquire any it had been interested in. However, after new investment from W.L. Ross in 2012 it continued to operate and in May 2014 said that it was still looking for potential acquisitions. By 2016 NBNK had still failed to acquire any target companies, and in June 2016 it entered voluntary liquidation. History Foundation The company was formed by Lord Levene and a consortium of City executives as a vehicle to acquire UK banking assets in domestic banking and eventually wealth management. On 2 July 2010 the company was incorporated under the name of De Facto 9999 plc, and a month later on 2 August the company name ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalisation Of Northern Rock
In 2008 the Northern Rock bank was Nationalization, nationalised by the Government of the United Kingdom, British government, due to financial problems caused by the subprime mortgage crisis. In 2010 the bank was split into two parts (Northern Rock (Asset Management), assets and banking) to aid the eventual sale of the bank back to the private sector. On 14 September 2007, the bank sought and received a liquidity support facility from the Bank of England, as a result of its exposure in the credit markets, during the Financial crisis of 2007–2008, 2008 financial crisis. On 22 February 2008 the bank was Nationalization, taken into state ownership. The nationalisation followed two unsuccessful bids to take over the bank, neither being able to fully commit to repayment of savers' and investors' money. In 2012 Virgin Money UK, Virgin Money completed the purchase of Northern Rock from UK Financial Investments (UKFI) for approximately £1 billion and by October of that year the high s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Rock
Northern Rock, formerly the Northern Rock Building Society, was a British bank. Based at Regent Centre in Newcastle upon Tyne, United Kingdom, Northern Rock was originally a building society. It demutualised and became Northern Rock bank in 1997, when it floated on the London Stock Exchange with the ticker symbol NRK. During the early 2000s the company borrowed substantially to fund mortgages, with the aim of ambitious growth, and also donated large amounts to charitable purposes and communities directly and through sponsorships. The global banking crisis beginning around 2007–08 meant that it was unable to produce income as expected from its loans, and was at risk of being unable to repay the amounts it had borrowed. The news that the bank had approached the government for support with its liquidity led within 24 hours to a public lack of confidence and concerns that savings were at risk, and the bank failed following a bank run as people rushed to withdraw their savings ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charlie McCreevy
Charles McCreevy (born 30 September 1949) is a former Irish Fianna Fáil politician who served as European Commissioner for Internal Market and Services from 2004 to 2010, Minister for Finance from 1997 to 2004, Minister for Tourism and Trade from 1993 to 1994 and Minister for Social Welfare from 1992 to 1993. He served as a Teachta Dála (TD) for the Kildare constituency (and later the Kildare North constituency) from 1977 to 2004. When McCreevy resigned his Dáil seat on his appointment to the European Commission, his son, Charlie Jr., declined the opportunity to be the Fianna Fáil candidate in the resulting by-election. The seat was won by the Independent candidate, Catherine Murphy. Early life and career Born in Sallins, County Kildare, McCreevy was educated locally at Naas by the Congregation of Christian Brothers, and later at the fee paying Gormanston Franciscan College. He studied commerce at University College Dublin and went on to become a chartered accountant. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commissioner For Internal Market And Services
The Commissioner for Internal Market is a member of the European Commission. The post is currently held by Commissioner Thierry Breton. Responsibilities The portfolio concerns the development of the 480-million-strong European single market, promoting free movement of people, goods, services and capital. Thus it is clearly a leading role but has become more complex as the single market for services has developed. A large area of work is now financial services, a politically sensitive topic for some member states (notably, the UK). The Commissioner controls the Directorate-General for Internal Market and Services, Directorate-General for Communications Networks, Content and Technology and the Office for Harmonization in the Internal Market.Who’s who in the new Commission ''Financial Times'', Nov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TSB Bank (United Kingdom)
TSB Bank plc is a retail and commercial bank in the United Kingdom and a subsidiary of Sabadell Group. TSB Bank operates a network of 220 branches across England, Scotland and Wales but has not had a presence in Northern Ireland since 1991. TSB in its present form launched on 9 September 2013. Its headquarters are located in Edinburgh and it has more than 5.0 million customers with over £37 billion of lending and £36 billion of customer deposits. The bank was formed from the existing business of Lloyds TSB Scotland plc, into which a number of Lloyds TSB branches in England and Wales and all branches of Cheltenham & Gloucester were transferred, and renamed TSB Bank plc. A European Commission ruling that the British government's 2009 purchase of a 43% stake in Lloyds Banking Group counted as state aid made it necessary for Lloyds Banking Group to sell a portion of its business; TSB was divested. Post-divestment, TSB offered an initial public offering and was listed on the Lo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national news c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyds Banking Group
Lloyds Banking Group is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds Bank was founded in 1765 but the wider Group's heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695. The Group's headquarters are located at 25 Gresham Street in the City of London, while its registered office is on The Mound in Edinburgh. It also operates office sites in Birmingham, Bristol, West Yorkshire and Glasgow. The Group also has extensive overseas operations in the US, Europe, the Middle East and Asia. Its headquarters for business in the European Union is in Berlin, Germany. The business operates under a number of distinct brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Former Chief Executive António Horta-Osório told ''The Banker' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Co-operative Banking Group
Co-operative Banking Group Limited (originally Co-operative Financial Services) was a UK-based banking and insurance company and a wholly owned subsidiary of The Co-operative Group. Established in 2002, its head office was located at the CIS Tower, Miller Street, Manchester. It was mainly known through its two main subsidiaries: The Co-operative Bank (incorporating Smile, the first full internet bank in the UK) and The Co-operative Insurance. Co-operative Financial Services was formed as a holding company to bring these financial subsidiaries together under one umbrella society and to enable synergies between the businesses to be exploited. Following the Co-operative Bank's financial crisis in 2013, the group sold a majority of shares in the business, retaining a 20% stake. As a result, the group was reorganised, and the banking group structure was discontinued. History In 2007, the Group agreed to outsource its information systems to Xansa (now Sopra Steria). In 2008, Co-operativ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBC Online
BBC Online, formerly known as BBCi, is the BBC's online service. It is a large network of websites including such high-profile sites as BBC News and BBC Sport, Sport, the on-demand video and radio services branded BBC iPlayer and BBC Sounds, the children's sites CBBC (TV channel), CBBC and CBeebies, and learning services such as Bitesize and BBC Own It, Own It. The BBC has had an online presence supporting its TV and radio programmes and web-only initiatives since April 1994, but did not launch officially until 28 April 1997, following government approval to fund it by Television licensing in the United Kingdom, TV licence fee revenue as a service in its own right. Throughout its history, the online plans of the BBC have been subject to competition and complaint from its commercial rivals, which has resulted in various public consultations and government reviews to investigate their claims that its large presence and public funding distorts the UK market. The website has gone t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virgin Money UK
Virgin Money is a banking and financial services brand operating in the United Kingdom. The Virgin Money brand was founded by Richard Branson in March 1995. It was originally known as Virgin Direct, and pioneered index tracking by launching a value personal equity plan into the market. In the 2000s Virgin Money expanded its operations around the world. Virgin Money announced plans to become a retail bank, and attempted to purchase Northern Rock in 2007 before it was nationalised by the British Government. Virgin applied for its own banking licence from the Financial Services Authority in 2009, and gained one through the acquisition of Church House Trust the following year. Virgin bought Northern Rock in January 2012 and rebranded the business as Virgin Money. In June 2018, Virgin Money agreed to a takeover by CYBG plc which was completed in October 2018. Virgin Money was merged into Clydesdale Bank plc on 21 October 2019, continuing as a trading name and operating under Cly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Press Association
PA Media (formerly the Press Association) is a multimedia news agency, and the national news agency of the United Kingdom and Ireland. It is part of PA Media Group Limited, a private company with 26 shareholders, most of whom are national and regional newspaper publishers. The biggest shareholders include the Daily Mail and General Trust, News UK, and Informa. PA Media Group also encompasses Globelynx, which provides TV-ready remotely monitored camera systems for corporate clients to connect with TV news broadcasters in the UK and worldwide; TNR, a specialist communications consultancy; Sticky Content, a digital copywriting and content strategy agency; and StreamAMG, a video streaming business. The group's photography arm, PA Images, has a portfolio comprising more than 20 million photographs online and around 10 million in physical archives dating back 150 years. History Founded in 1868 by a group of provincial newspaper proprietors, the PA provides a London-based service of ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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