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Slater Walker
Slater Walker was a British industrial conglomerate turned bank that got into financial difficulties in the 1970s. It specialised in corporate raids. Its fall shook the British banking system at the time, and it had to be bailed out by the Bank of England after it was unable to refinance its debt during the secondary banking crisis of 1973–75, forcing its founder Jim Slater to quit. History In 1964, investor Jim Slater acquired control of H Lotery & Co Ltd, a £1.5m public company, which with his business partner Peter Walker - a Conservative MP - they renamed Slater, Walker Securities. The company performed what became known as corporate raids on public, mainly industrial companies. Slater Walker then changed strategy, from a corporate-conglomerate into what eventually was recognised as an unauthorised and unlicensed international investment bank, through gradual disposal of its industrial interests. At its peak, capitalized at over £200 million, the company held deposits to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hill Samuel
Hill Samuel is a wholly owned subsidiary of Lloyds Banking Group's Offshore Private Banking unit. It was formerly a leading British merchant bank and financial services firm before the takeover by TSB Group Plc. in 1987, which itself merged with Lloyds Bank to become Lloyds TSB in 1995. History In 1832, Marcus Samuel founded the company ''M. Samuel & Co.'' near the Tower of London to import goods from the Far East. It started with seashells, later extending its trading business to rice and general produce on a grand scale. By the middle of the 19th century the company expanded further into the re-exporting business, importing goods worldwide and re-exporting them to Europe and North America. Recognising the opportunities offered by the emerging rise of the oil industry, in the 1880s Marcus shipped case oil from Russian oil fields to Japan such that by 1888 that he was able to commission his own ships for bulk oil transportation. His first ship, the 'Murex', was the first tanker ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1964
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of The United Kingdom
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Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Invesco
Invesco Ltd. is an American independent investment management company that is headquartered in Atlanta, Georgia, with additional branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York stock exchange. Invesco operates under the Invesco, Trimark, Invesco Perpetual, WL Ross & Co and Powershares brand names. History Invesco (then officially spelled with all-capital letters: INVESCO) was created in Atlanta in 1978 when Citizens & Southern National Bank divested its money management operations. In 1988, the company was purchased by the British firm Britannia Arrow, based in London, which later took the INVESCO name. In 1997 INVESCO PLC merged with AIM Investments. Upon completion of the merger the company adopted the name Amvescap. In 2007 the company reverted to the Invesco name. Since 2000 Invesco has grown through acquisitions such as the ETF firm PowerShares Capital Management and the restructuring of WL Ross & Co. In 2004, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Trade
Department may refer to: * Departmentalization, division of a larger organization into parts with specific responsibility Government and military * Department (administrative division), a geographical and administrative division within a country, for example: **Departments of Colombia, a grouping of municipalities **Departments of France, administrative divisions three levels below the national government ** Departments of Honduras **Departments of Peru, name given to the subdivisions of Peru until 2002 **Departments of Uruguay *Department (United States Army), corps areas of the U.S. Army prior to World War I * Fire department, a public or private organization that provides emergency firefighting and rescue services *Ministry (government department), a specialized division of a government * Police department, a body empowered by the state to enforce the law * Department (naval) administrative/functional sub-unit of a ship's company. Other uses * ''Department'' (film), a 2012 Bol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Act
Companies Act (with its variations) is a stock short title used for legislation in Botswana, Hong Kong, India, Kenya, Malaysia, New Zealand, South Africa and the United Kingdom in relation to company law. The Bill for an Act with this short title will usually have been known as a Companies Bill during its passage through Parliament. Companies Acts may be a generic name either for legislation bearing that short title or for all legislation which relates to company law. List Botswana *The Companies Act 2007 India *The Indian Companies Act 1882 *The Companies Act 1913 *The Companies Act 1956 *The Companies Act 2013 Kenya * The Companies Act 1962 (Cap 486) * The Companies Act 2015 Malaysia *The Companies Act 1965 New Zealand * Companies Act 1993 (originallJoint Stock Companies Act 1860 Singapore *The Companies Act 1967 (Cap 50) Brunei *The Companies Act 1984 South Africa *The Companies Act, 1973 *The Companies Act, 2008 United Kingdom *The Royal Exchange and London ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Goldsmith
Sir James Michael Goldsmith (26 February 1933 – 18 July 1997) was a French-British financier, tycoon''Billionaire: The Life and Times of Sir James Goldsmith'' by Ivan Fallon and politician who was a member of the Goldsmith family. His controversial business and finance career led to ongoing clashes with British media, frequently involving litigation or the threat of litigation. In 1994 he was elected to represent a French constituency as a Member of the European Parliament. He founded the short-lived Eurosceptic Referendum Party in the United Kingdom, which became an early campaigner for opposition to Britain's membership of the European Union. Early life Born in Paris, Goldsmith was the son of luxury hotel tycoon and former Conservative Member of Parliament (MP) Major Frank Goldsmith and his French wife Marcelle Mouiller, and younger brother of environmental campaigner Edward Goldsmith. Frank Goldsmith had previously changed the family name from the German ''Goldschmidt' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Changi Prison
Changi Prison Complex, often known simply as Changi Prison, is a prison in Changi in the eastern part of Singapore. History First prison Before Changi Prison was constructed, the only penal facility in Singapore was at Pearl's Hill, beside the barracks of Sepoy Lines, and was known as the Singapore Prison. By the 1930s, the Singapore Prison was overcrowded and deemed dangerous. The Singapore Prison had a capacity of 1,080. In the early 1920s the average daily number of convicts was 1,043; it reached 1,311 by 1931. Thus the 1931 report presented by the newly appointed Inspector of Prisons for the Straits Settlements, and the Superintendent of Singapore Prisons, Captain Otho Lewis Hancock, recommended providing additional accommodation. This would enable the authorities to segregate long-term prisoners, likely to be of special danger to the community, from short-term prisoners while relieving congestion in the existing facility. Deliberations in the Legislative Council saw op ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Raid
In business, a corporate raid is the process of buying a large stake in a corporation and then using shareholder voting rights to require the company to undertake novel measures designed to increase the share value, generally in opposition to the desires and practices of the corporation's current management. The measures might include replacing top executives, downsizing operations, or liquidating the company. Corporate raids were particularly common between the 1970s and the 1990s in the United States. By the end of the 1980s, management of many large publicly traded corporations had adopted legal countermeasures designed to thwart potential hostile takeovers and corporate raids, including poison pills, golden parachutes, and increases in debt levels on the company's balance sheet. In later years, some corporate raiding practices have been used by "activist shareholders", who purchase equity stakes in a corporation to influence its board of directors and put public pressure o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kempen & Co
Van Lanschot Kempen N.V. is a specialised, independent wealth manager that provides private banking, investment management and investment banking services to wealthy individuals and institutions. It is headquartered in 's-Hertogenbosch, the Netherlands. It operates under the brand names Van Lanschot Kempen, Van Lanschot, Evi, and Kempen. With a history dating back to 1737, it is the oldest independent financial institution in the Netherlands and the Benelux and one of the oldest independent financial institutions in the world. Corporate structure Van Lanschot Kempen's Amsterdam office Van Lanschot Kempen offers private banking, investment management and investment banking services: * Private Banking offers services aimed at six target groups in the Netherlands, Belgium and Switzerland (focusing on wealthy Dutch and Belgian nationals): high-net-worth individuals, people new to the wealth management market, entrepreneurs and family businesses, business professionals and executives, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Haw Par Corporation
Haw Par Corporation Limited is a Singaporean company involved in healthcare, leisure products, property and investment. It is the company responsible for Tiger Balm branded liniment (ointment). Its brands also included Kwan Loong and it also owns and operates weekend and leisure time destinations such as oceanariums. The Haw Par Group owns two oceanariums: the now-defunct Underwater World oceanarium attraction at Sentosa, Singapore, and Underwater World Pattaya in Thailand. History Predecessors The predecessor of Haw Par Corporation, Eng Aun Tong, was founded by Aw Chu Kin, father of Aw Boon Haw and Boon Par brothers. Eng Aun Tong was then relocated to Singapore and expanded its branch to many Chinese communities in Asia. Aw Boon Haw also built Haw Par Villas in Hong Kong, Singapore and in Yongding District, Longyan, China. A private company, Haw Par Brothers (Private) Limited was incorporated in 1932 as a holding company for a vast majority of the family assets. Establ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
