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Reliance Bank
Reliance Bank Limited, formerly known as The Salvation Army Bank, was founded in 1890 by William Booth. When Booth needed to attract investments to finance mortgages on property vital to the work of the movement, his response was to set up a bank. History Founded by William Booth in 1890 as The Salvation Army Deposit Bank, the bank was registered in 1891 as The Salvation Army Bank. Out of the bank’s expansion, grew the need for limited liability status and in 1901, The Salvation Army Bank became Reliance Bank Limited. Today, the Salvation Army International Trustee Company still retain sole ownership of the bank and each year receive a share of the bank's allowable profits (a total of £12 million over the last 10 years). As wll as The Salvation Army it is also used by private customers, other churches, charities, and businesses. The Reliance Bank is not a clearing bank and uses the National Westminster Bank National Westminster Bank, commonly known as NatWes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salvation Army
Salvation (from Latin: ''salvatio'', from ''salva'', 'safe, saved') is the state of being saved or protected from harm or a dire situation. In religion and theology, ''salvation'' generally refers to the deliverance of the soul from sin and its consequences."Salvation." ''Oxford English Dictionary'' (2nd ed.). Oxford University Press. 1989. "The saving of the soul; the deliverance from sin and its consequences." The academic study of salvation is called ''soteriology''. Meaning In Abrahamic religions and theology, ''salvation'' is the saving of the soul from sin and its consequences. It may also be called ''deliverance'' or ''redemption'' from sin and its effects. Depending on the religion or even denomination, salvation is considered to be caused either only by the grace of God (i.e. unmerited and unearned), or by faith, good deeds (works), or a combination thereof. Religions often emphasize that man is a sinner by nature and that the penalty of sin is death (physical death, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Booth
William Booth (10 April 182920 August 1912) was an English Methodist preacher who, along with his wife, Catherine, founded the Salvation Army and became its first "General" (1878–1912). His 1890 book In Darkest England and The Way Out outlining The Salvation Army social campaign became a best-seller. The fundamentalist Christian evangelical movement, with a quasi-military structure and government as founded in 1865, then spread from London, England, to many parts of the world and is known today as one of the largest distributors of humanitarian aid. Early life William Booth was born in Sneinton, Nottingham, the second son of five children born to Samuel Booth and his second wife, Mary Moss. Booth's father was relatively wealthy by the standards of the time, but during William's childhood, the family descended into poverty. In 1842, Samuel Booth, who could no longer afford his son's school fees, apprenticed the 13-year-old William Booth to a pawnbroker. Samuel Booth died on 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgages
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charitable Organization
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, Religion, 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 Charity regulators, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearing Bank (United Kingdom)
The Cheque and Credit Clearing Company Limited (C&CCC) is a UK membership-based industry body whose 11 members are the UK clearing banks. The company has managed the cheque clearing system in England and Wales since 1985, in all of Great Britain since 1996 when it took over responsibility for managing the Scottish cheque clearing as well, and in the whole of the United Kingdom since the introduction of the Image Clearing System in 2019. As well as clearing cheques, the system processes the following forms of payment: banker's drafts, building society cheques, postal orders, warrants, government payable orders and traveller's cheques. The company also manages the systems for the clearing of paper bank giro credits (the credit clearing). The clearing system in Northern Ireland was formerly operated by the Belfast Bankers' Clearing Company for the four clearing banks there. History In 2009 3.5 million cheques and 360,000 paper credits passed through the British interbank clear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Westminster Bank
National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it became part of The Royal Bank of Scotland Group, which was re-named NatWest Group in 2020. Following ringfencing of the group's core domestic business, the bank became a direct subsidiary of NatWest Holdings; NatWest Markets comprises the non-ringfenced investment banking arm. The British government currently owns around 48.1%, previously 54.7% of NatWest Group after spending £45 billion ($61.87 billion) bailing out the lender in 2008. NatWest is considered one of the Big Four clearing banks in the UK, and it has a large network of over 960 branches and 3,400 cash machines across Great Britain and offers 24-hour ''Actionline'' telephone and online banking services. Today, it has more than 7.5 million personal customers and 850,000 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of The United Kingdom
Central bank The Bank of England is the central bank of the United Kingdom. The Big Four British banking has been highly consolidated since the early 20th century. Unlike some other major economies, the UK does not have a major stratum of independent local banks. The number of independent banks shrank further during 2008: Northern Rock was nationalised by the UK Government (and is now owned by Virgin Money), followed by Bradford & Bingley; Alliance & Leicester was acquired by Santander, who merged it into Santander UK. On 18 September 2008, Lloyds TSB plc entered into a confirmed agreement to take over HBOS plc, which took effect on 19 January 2009, when HBOS was acquired and folded into Lloyds Banking Group. The retail and commercial banking markets are dominated by HSBC, Barclays, Lloyds Banking Group, NatWest Group and Spanish-owned Santander UK (most of these companies operate more than one banking brand in the UK). Banks incorporated in the UK A full list of bus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Salvation Army
The Salvation Army (TSA) is a Protestantism, Protestant Christian church and an international charitable organization headquartered in London, England. It is aligned with the Wesleyan-Holiness movement. The organization reports a worldwide membership of over 1.7million, consisting of soldiers, officers, and adherents who are collectively known as salvationists. Its founders sought to bring Salvation in Christianity, salvation to the poor, destitute, and hungry by meeting both their "physical and spiritual needs.". It is present in 133 countries, running charity shops, operating homeless shelter, shelters for the homelessness, homeless, and disaster relief and humanitarian aid to developing countries. The theology of the Salvation Army derives from Methodism, although it differs in institution and practice; an example is that it does not celebrate the rites of Baptism and Holy Communion. A distinctive characteristic of the Salvation Army is its use of titles derived from milita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
