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Trade Development Bank
Trade Development Bank (TDB) was a private Geneva-based bank built by Edmond Safra, who also founded Brazil's sixth largest bank, Banco Safra, in the 1950s. Beginning with only US$1 million in funds, TDB grew into the flagship of Safra’s international banking empire, with nearly US$5 billion in deposits by the early 1980s. TDB's mode of banking was different from much of that done in the Western world, as it relied on intimacy and familiarity with depositors' personalities rather than balance sheets and hard numbers. In 1983, Safra sold TDB for US$550 million to American Express. The acquisition was part of a plan by American Express chairman Jim Robinson to break into the private depositor banking industry; TDB was intended to be the third arm of American Express's financial empire, reaching wealthy, international private depositors. In exchange for TDB, Safra was inducted to the board of American Express. However, TDB quickly realized that American Express was unable to uphol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geneva
Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the List of cities in Switzerland, second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situated in the south west of the country, where the Rhône exits Lake Geneva, it is the capital of the Canton of Geneva, Republic and Canton of Geneva. The city of Geneva () had a population 201,818 in 2019 (Jan. estimate) within its small municipal territory of , but the Canton of Geneva (the city and its closest Swiss suburbs and exurbs) had a population of 499,480 (Jan. 2019 estimate) over , and together with the suburbs and exurbs located in the canton of Vaud and in the French Departments of France, departments of Ain and Haute-Savoie the cross-border Geneva metropolitan area as officially defined by Eurostat, which extends over ,As of 2020, the Eurostat-defined Functional Urban Area of Geneva was made up of 9 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts 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 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 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 concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edmond Safra
Edmond J. Safra ( ar, ادموند يعقوب صفرا; 6 August 1932 – 3 December 1999) was a Lebanese-Brazilian banker who continued the family tradition of banking in Brazil and Switzerland. He was married to Lily Watkins from 1976 until his death. He died in a fire that attracted wide media interest, and was judicially determined to be due to arson. Biography The Safra family came from Beirut, Lebanon and is of Sephardic Jewish background originally from Lebanon and Aleppo. Edmond's father, Jacob Safra, had opened the J. E. Safra Bank in 1920 in Beirut and in 1929 it became the Banque Jacob E. Safra which in 1956 changed its name to Banque de Credit National S.A.L. (BCN). By the time he was sixteen, Edmond Safra was working at his father's bank in Beirut, engaged in the precious metals and foreign exchange aspects of the business. In 1949, the family moved from Lebanon to Italy, where he worked for a trading company in Milan. When he was 16, he earned $40 million duri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area and the seventh most populous. Its capital is Brasília, and its most populous city is São Paulo. The federation is composed of the union of the 26 States of Brazil, states and the Federal District (Brazil), Federal District. It is the largest country to have Portuguese language, Portuguese as an List of territorial entities where Portuguese is an official language, official language and the only one in the Americas; one of the most Multiculturalism, multicultural and ethnically diverse nations, due to over a century of mass Immigration to Brazil, immigration from around the world; and the most populous Catholic Church by country, Roman Catholic-majority country. Bounded by the Atlantic Ocean on the east, Brazil has a Coastline of Brazi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Safra
Banco Safra is a Brazilian financial services company headquartered in São Paulo, Brazil. It is the seventh largest banking institution in Brazil, and the nineteenth largest in Latin America. It provides services in investment banking, private banking, asset management, and retail banking through its neobank AgZero. The bank is part of the financial holding company Safra Group. History The Safra family's history in banking originated with caravan trade between Aleppo, Alexandria and Istanbul during the Ottoman Empire. With the collapse of the Ottoman Empire after the First World War the Safras moved to Beirut. The Safras decided to move to Brazil in 1952. In the 1960s, Joseph Safra and his father, Jacob Safra, founded Banco Safra, S.A. Most of the Brazilian Sephardic Syrian Jewish community established themselves as retail or wholesale merchants. After having established many financial institutions in Lebanon's capital, Beirut in the 1950s, the Safras set up a small speciali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Express
American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The company's logo, adopted in 1958, is a gladiator or centurion whose image appears on the company's well-known traveler's cheques, charge cards, and credit cards. During the 1980s, Amex invested in the brokerage industry, acquiring what became, in increments, Shearson Lehman Hutton and then divesting these into what became Smith Barney Shearson (owned by Primerica) and a revived Lehman Brothers. By 2008 neither the Shearson nor the Lehman name existed. In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the United States. , the company had 121.7million cards in force, includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ameriprise Financial
Ameriprise Financial, Inc. is a diversified financial services company and bank holding company incorporated in Delaware and headquartered in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning. As of April 2022, more than 80% of the company's revenue came from wealth management. The company's primary subsidiaries include Ameriprise Financial Services, RiverSource Life Insurance Company, and Columbia Threadneedle Investments, its global asset management brand, and a provider of investments to institutional and retail clients. Ameriprise was formerly a division of American Express, which completed the corporate spin-off of the company in September 2005. The company is ranked 245th on the Fortune 500. It is on the list of largest banks in the United States. It is also the 9th largest independent broker-dealer based on assets under management. It is one of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fireman's Fund Insurance Company
Fireman's Fund Insurance Company was an insurance company based in Petaluma, California which provided personal and commercial property and casualty insurance products in the United States. The company was a principal U.S. subsidiary of Allianz, a global financial services company, the 20th largest corporation in the world based on the revenue (Fortune Global 500, August 2010). Allianz employs nearly 155,000 people worldwide. Fireman's Fund offered a ranging portfolio of coverage, including personal auto, homeowners, excess, and collections insurance for high-net-worth clients. Commercial insurance products included entertainment, business office policies, workers compensation, general, professional, and excess liability, auto, and farm and ranch coverage etc.. History Fireman's Fund Insurance Company was founded in 1863 in San Francisco. Its name reflects its founding mission in which 10 percent of profits were paid to the widows and orphans of fallen firefighters. In recent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iran–Contra Affair
The Iran–Contra affair ( fa, ماجرای ایران-کنترا, es, Caso Irán–Contra), often referred to as the Iran–Contra scandal, the McFarlane affair (in Iran), or simply Iran–Contra, was a political scandal in the United States that occurred during the second term of the Reagan administration. Between 1981 and 1986, senior administration officials secretly facilitated the sale of arms to Iran, which was the subject of an arms embargo. The administration hoped to use the proceeds of the arms sale to fund the Contras, a right-wing rebel group, in Nicaragua. Under the Boland Amendment, further funding of the Contras by the government had been prohibited by Congress. The official justification for the arms shipments was that they were part of an operation to free seven American hostages being held in Lebanon by Hezbollah, an Islamist paramilitary group with Iranian ties connected to the Islamic Revolutionary Guard Corps. The idea to exchange arms for hostages was p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Illegal Drug Trade
The illegal drug trade or drug trafficking is a global black market dedicated to the cultivation, manufacture, distribution and sale of prohibited drugs. Most jurisdictions prohibit trade, except under license, of many types of drugs through the use of drug prohibition laws. The think tank Global Financial Integrity's ''Transnational Crime and the Developing World'' report estimates the size of the global illicit drug market between US$426 and US$652billion in 2014 alone. With a world GDP of US$78 trillion in the same year, the illegal drug trade may be estimated as nearly 1% of total global trade. Consumption of illegal drugs is widespread globally and it remains very difficult for local authorities to thwart its popularity. History The government of the Qing Dynasty issued edicts against opium smoking in 1730, 1796 and 1800. The West prohibited addictive drugs throughout the late 19th and early 20th centuries. Beginning in the 18th century, British merchants from th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mafia
"Mafia" is an informal term that is used to describe criminal organizations that bear a strong similarity to the original “Mafia”, the Sicilian Mafia and Italian Mafia. The central activity of such an organization would be the arbitration of disputes between criminals as well as the organization and enforcement of illicit agreements between criminals through the use of or threat of violence. Mafias often engage in secondary activities such as gambling, loan sharking, Illegal drug trade, drug-trafficking, prostitution, and fraud. In modern times, the 'Ndrangheta, originating in the Southern Italy, Southern Italian region of Calabria, is widely considered the richest and most powerful mafia in the world. The term "mafia" was originally applied only to the Italian Mafia or specifically the original “Mafia”, the Sicilian Mafia, and the term originates in Sicily. However, the term has since expanded to encompass other organizations of similar methods and purpose, e.g., "the R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Bancaire Privée
Union Bancaire Privée (UBP SA) is a private bank and wealth management firm headquartered in Geneva. UBP is one of the largest private banks in Switzerland, and serves private and institutional clients. The bank was founded in 1969 by Edgar de Picciotto, and is one of the best-capitalized banks in Switzerland, with CHF 160.4 billion of assets under management. History Edgar de Picciotto established the Compagnie de Banque et d’Investissements (CBI) in Geneva on 11 November 1969. CBI acquired TDB-American Express Bank in 1990, which led to the creation of the current entity, Union Bancaire Privée. UBP developed further with the takeover of the Discount Bank and Trust Company in 2002. In 2011, UBP acquired the Swiss arm of Dutch state-owned ABN Amro Bank, a pure Swiss private bank. The same year, UBP also broadened its operations in Asia by establishing two joint ventures in Hong Kong and Taiwan with TransGlobe. In 2012, UBP acquired Paris-based fund of hedge funds Nexar Cap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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