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Monte Dei Paschi Di Siena
Banca Monte dei Paschi di Siena S.p.A. (), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 () and established in its present form in 1624 (), it is the world's oldest or second oldest bank, depending on the definition, and the fifth largest Italian commercial and retail bank. In 1995, the bank (then known as Monte dei Paschi di Siena) was transformed from a statutory corporation to a limited company called Banca Monte dei Paschi di Siena (Banca MPS). The Fondazione Monte dei Paschi di Siena was created to continue the charitable functions of the bank and to be, until the bailout in 2013, its largest single shareholder. According to research by Mediobanca and a press release issued by Banco BPM, Banco BPM overtook BMPS as the third largest commercial banking group in Italy (in terms of total assets) on 31 December 2016, after Banco BPM's formal formation on 1 January 2017. In 2016–17, BMPS was struggling to avoid a collap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Corporation
A statutory corporation is a government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, thus, they are statutes owned by a government or controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation. Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided). Australia In Australia, statutory corporations are a type of statutory authority created by Acts of state or federal parliaments. A statutory corporation is defined in the government glossary as a "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e. a statutory authority may also be a statutory corporation). An earlier definition describes a statutory corporation as "a statutory authority that is a body corporate", and the New South Wales Governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage Loan
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] |
Unification Of Italy
The unification of Italy ( it, Unità d'Italia ), also known as the ''Risorgimento'' (, ; ), was the 19th-century Political movement, political and social movement that resulted in the Merger (politics), consolidation of List of historic states of Italy, different states of the Italian Peninsula into a Proclamation of the Kingdom of Italy, single state in 1861, the Kingdom of Italy. Inspired by the rebellions in the 1820s and 1830s against the outcome of the Congress of Vienna, the unification process was precipitated by the Revolutions of 1848, and reached completion in 1871 after the Capture of Rome and its designation as the capital of the Kingdom of Italy. Some of the states that had been targeted for unification (''Italian irredentism, terre irredente'') did not join the Kingdom of Italy until 1918 after Italy defeated Austria-Hungary in the First World War. For this reason, historians sometimes describe the unification period as continuing past 1871, including activities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grand Duke Ferdinando II
Ferdinando II de' Medici (14 July 1610 – 23 May 1670) was grand duke of Tuscany from 1621 to 1670. He was the eldest son of Cosimo II de' Medici and Maria Maddalena of Austria. He was remembered by his contemporaries as a man of culture and science, actively participating in the Accademia del Cimento, the first scientific society in Italy, formed by his younger brother, Leopoldo de' Medici. His 49-year rule was punctuated by the beginning of Tuscany's long economic decline, which was further exacerbated by his successor, Cosimo III de' Medici. He married Vittoria della Rovere, a first cousin, with whom he had two children who reached adulthood: the aforementioned Cosimo III, and Francesco Maria de' Medici, Duke of Rovere and Montefeltro, a cardinal. Reign Ferdinando was only 10 years of age when his father Cosimo II died. Because he had not yet reached maturity, his mother Maria Maddalena and paternal grandmother, Christina of Lorraine, acted as joint regents. His two regen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grand Duchy Of Tuscany
The Grand Duchy of Tuscany ( it, Granducato di Toscana; la, Magnus Ducatus Etruriae) was an Italian monarchy that existed, with interruptions, from 1569 to 1859, replacing the Republic of Florence. The grand duchy's capital was Florence. In the 19th century the population of the Grand Duchy was about 1,815,000 inhabitants. Having brought nearly all Tuscany under his control after conquering the Republic of Siena, Cosimo I de' Medici, was elevated by a papal bull of Pope Pius V to Grand Duke of Tuscany on August 27, 1569. The Grand Duchy was ruled by the House of Medici until the extinction of its senior branch in 1737. While not as internationally renowned as the old republic, the grand duchy thrived under the Medici and it bore witness to unprecedented economic and military success under Cosimo I and his sons, until the reign of Ferdinando II, which saw the beginning of the state's long economic decline. It peaked under Cosimo III. Francis Stephen of Lorraine, a cognatic de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maremma
The Maremma (, ; from Latin , "maritime and) is a coastal area of western central Italy, bordering the Tyrrhenian Sea. It includes much of south-western Tuscany and part of northern Lazio. It was formerly mostly marshland, often malarial, but was drained by order of Ferdinando I de' Medici. It was traditionally populated by the '' butteri'', mounted cattle herders who rode horses fitted with one of two distinctive styles of saddle, the ''scafarda'' and the ''bardella''. Geography The Maremma has an area of about . The central part corresponds approximately with the province of Grosseto, extending northward to the Colline Metallifere and the slopes of Monte Amiata, but the region extends northward from Piombino to the mouth of the , and southwards into Lazio as far as Civitavecchia. Animal breeds The Maremma has given rise to, or given its name to, several breeds of domestic animal. These include two breeds of working horse, the Maremmano and the Cavallo Romano della Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Siena
The Republic of Siena ( it, Repubblica di Siena, la, Respublica Senensis) was a historic state consisting of the city of Siena and its surrounding territory in Tuscany, central Italy. It existed for over 400 years, from 1125 to 1555. During its existence, it gradually expanded throughout southern Tuscany becoming one of the major economic powers of the Middle Ages, and one of the most important commercial, financial and artistic centers in Europe. From 1287 to 1355, during the rule of the Noveschi, the Republic experienced a period of great political and economic splendor: new buildings were commissioned, including that of the Cathedral of Siena, the Palazzo Pubblico, and a substantial part of the city walls completed. This government is in fact defined by historians as the "good governance". A combination of economic decline, sparked by the Black Death, and political instability led to its absorption by the rival Republic of Florence during the Italian War of 1551–1559. Despi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warburg Pincus
Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over $80 billion in assets under management and invests in a range of sectors including retail, industrial manufacturing, energy, financial services, health care, technology, media, and real estate. Warburg Pincus is a growth investor. Warburg Pincus has raised 21 private equity funds which have invested over $100 billion in over 1,000 companies in 40 countries. Warburg Pincus invested in the information and communication technology sectors, including investments in Avaya, Bharti Tele-Ventures, Harbour Networks, NeuStar, PayScale, and Telcordia. History Founding and early history In 1939, Eric Warburg of the Warburg banking family founded a company under the name E.M. Warburg & Co. Its first address was 52 William Street, New York ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk shows, investigative reports, documentaries, infomercials, reality shows, and other programs at all other times. Along with Fox Business and Bloomberg Television, it is one of the three major business news channels. It also operates a website and mobile apps, whereby users can watch the channel via streaming media, and which provide some content that is only accessible to paid subscribers. CNBC content is available on demand on smart speakers including Amazon Echo devices with Amazon Alexa, Google Home and app devices with Google Assistant, and on Apple Siri voice interfaces including iPhones. Many CNBC TV shows are available as podcasts for on-demand listening. Graphics are designed by Sweden-based Magoo 3D studios. CNBC is a divisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
