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Banca Italiana Di Sconto
The Banca Italiana di Sconto (BIS) was a leading Italian bank that went bust in 1921. One firm hit by its collapse was the giant film production conglomerate Unione Cinematografica Italiana The Unione Cinematografica Italiana (UCI) was an Italian film production and distribution consortium of the silent era. Following the end of the First World War, a group of eleven leading Italian companies joined forces in a single conglomerate ... (UCI), which itself folded a few years later. Another victim was (BAO) whose formation in 1917 BIS had promoted. BAO failed in 1923. References Bibliography * * Toninelli, Pierangelo Maria. ''The Rise and Fall of State-Owned Enterprise in the Western World''. Cambridge University Press, 2000. Defunct banks of Italy Banks with year of establishment missing Banks disestablished in 1921 1921 disestablishments in Italy {{Italy-bank-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manifesto Banca Italiana Di Sconto
A manifesto is a published declaration of the intentions, motives, or views of the issuer, be it an individual, group, political party or government. A manifesto usually accepts a previously published opinion or Consensus decision-making, public consensus or promotes a new idea with prescriptive notions for carrying out changes the author believes should be made. It often is Party platform, political, Social movement, social or Art manifesto, artistic in nature, sometimes Political revolution, revolutionary, but may present an individual's life stance. Manifestos relating to religious belief are generally referred to as creeds or, a confession of faith. Etymology It is derived from the Italian word ''manifesto'', itself derived from the Latin ''manifestum'', meaning clear or conspicuous. Its first recorded use in English is from 1620, in Nathaniel Brent's translation of Paolo Sarpi's ''History of the Council of Trent'': "To this citation he made answer by a Manifesto" (p.&nbs ... [...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] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unione Cinematografica Italiana
The Unione Cinematografica Italiana (UCI) was an Italian film production and distribution consortium of the silent era. Following the end of the First World War, a group of eleven leading Italian companies joined forces in a single conglomerate which would be better able to compete with rival films from America, Britain, France and Germany. The driving force behind UCI was Baron Alberto Fassini, who had previously headed the Cines studio. UCI was formed in January 1919. Many of the company's productions were historical films which attempted to re-capture the success of pre-war films which were often set in Ancient Rome. The company suffered a major blow in 1921 when its leading financial backer the Banca Italiana di Sconto went bust. UCI was already facing bankruptcy during the production of the big-budget epic ''Quo Vadis'' (1924), the financial failure of which led to the collapse of the company by 1926. Most of its assets were acquired by Stefano Pittaluga. The collapse of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banca Per L'Africa Orientale
(BAO) was an early attempt to establish modern banking in the Horn of Africa at a time when Eritrea and Italian Somaliland were Italian colonies. It closed in 1923. History During early WW1, the Italian government wanted the creation of a local bank in the Italian colonies of eastern Africa. It was the first tentative to create a modern banking system in all colonial Africa. In 1914 the central "Bank of Italy" started to operate in Asmara and promoted the creation of private banks — like the "BAO" — in the Italian colonies. The (BIS) was a leading Italian bank that indirectly supported the BAO, but BSI failed in 1921, leading to the failure of the BAO a few years later. *1917 -BIS promoted the formation of the ''Banca per l’Africa Orientale'' as a joint stock company in Rome. *1918 - BAO commenced operations with head office in Massawa and a branch in Mogadishu that was the first bank in Somalia. *1923 - BAO was liquidated following problems at the bank and the failure ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Italy
{{Disambiguation ...
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] |
Banks With Year Of Establishment Missing
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 anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 1921
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
