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Compagnie Monégasque De Banque
CMB Monaco an international private bank based in Monaco. Established in March 1976 by Banca Commerciale Italiana and its partners, CMB is today wholly owned by Mediobanca, an Italian investment bank. Background CMB Monaco was founded in 1976 by the Banca Commerciale Italiana and other international partners. Since 1996 when it took over the COMIT branches in Monaco, the bank has increasingly concentrated on private banking and wealth management other than retail banking, moving to a leadership position. CMB is a wholly owned subsidiary of Mediobanca (a joint Italian and Monegasque company), which first acquired equity in 1989, obtained a controlling interest in 2004 and now has 100% of the share capital. Business activity Currently, the core business of the group is Private Banking, backed up by certain accessory activities such as tax consultancy, tax planning, current accounts operating with credit cards and user domiciliation, provided at the client's request. CMB has, how ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, 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 general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1976
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. As 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 ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lombard Credit
Lombard credit (or lombard loan) is a form of short-term secured lending, characterized by the practice of providing loans against movable collateral, today mostly in the form of account balances, securities or life insurance policies. Correspondingly, the lombard rate is a central bank lending rate charged to commercial banks for short-term loans with securities pledged as collateral. The term derives from the Lombard merchants and bankers from Northern Italy who systematized and expanded these lending techniques in medieval European trade networks, particularly in the regions of Lombardy and Tuscany. In the US, the Lombard rate was set at the top of the Federal Open Market Committee target range for the federal funds rate on March 16, 2020. Etymology The term originally comes from the Lombards, a people who conquered Italy in the 6th century, and settled in the northern region that became known as Lombardy. The wealthy cities in this region were the birthplace of modern ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monaco Telecom
Monaco Telecom is the primary telecommunications provider in the Principality of Monaco. Established in 1997, the company was formed following the government of Monaco's decision to privatize the previously state-owned Office Monégasque des Téléphones. Monaco Telecom provides various services including internet access and mobile phone services. It is a key entity in facilitating communication within Monaco and connecting the principality to global telecommunications networks. Additionally, the company operates a retail store which functions as a point of service and customer interaction. International development Africa In August 2012, Monaco Telecom sold its stake in its subsidiary, Afinis Communications - a Casablanca, Morocco-based telecommunications provider serving Africa's largest corporations - to SkyVision. In September of the same year, the Planor/Kome CESSE/Monaco Telecom consortium was awarded Mali's third mobile telephone licence. Monaco Telecom is the technical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crédit Foncier De France
Crédit Foncier de France (, CFF) was a major French bank, active from 1852 to 2019 when its activities were entirely subsumed into Groupe BPCE, although the brand name appears to remain active. History The Crédit Foncier (English: landed credit) initially made loans to commune in France, communes. The movement was initiated by Louis Wolowski and Count Xavier Branicki, and sanctioned by Emperor Napoleon III of France, Napoleon III in 1852 in an attempt to modernize the medieval French banking system and expand French investment outside Europe. Its name became the "Banque Foncière of Paris". Similar institutions at Nevers and Marseille were amalgamated into one under the title of "Crédit Foncier de France". The amount of the loan could not exceed half of the value of the property pledged or hypothecated, and that the repayment of the loan was by an Annuity (finance theory), annuity, which included the interest and part of the principal, terminable at a certain date. The Crédi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund
A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and insulate returns from beta (finance), market risk. Among these portfolio (finance), portfolio techniques are short (finance), short selling and the use of leverage (finance), leverage and derivative (finance), derivative instruments. In the United States, financial regulations require that hedge funds be marketed only to institutional investors and high-net-worth individuals. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and Exchange-traded fund, ETFs. They are also considered distinct from private-equity fund, private equity funds and other similar cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banca Esperia
Banca Esperia S.p.A. was an Italian bank which was a joint venture of Mediobanca and Banca Mediolanum Banca Mediolanum S.p.A. is an Italian bank, insurance and asset management conglomerate which is the parent company of Gruppo Mediolanum (Mediolanum Group). The CEO of the company is Massimo Antonio Doris, and the bank is listed on the Borsa Ital ... (before 2015: Mediolanum S.p.A.). In 2017, Mediobanca acquired the 50% stake owned by Banca Mediolanum laying the foundations for the launch of Mediobanca Private Banking (thanks to the subsequent merger by incorporation of Banca Esperia within Mediobanca). References External links * Banks of Italy Companies based in Milan {{Italy-bank-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monte Carlo
Monte Carlo ( ; ; or colloquially ; , ; ) is an official administrative area of Monaco, specifically the Ward (country subdivision), ward of Monte Carlo/Spélugues, where the Monte Carlo Casino is located. Informally, the name also refers to a larger district, the Monte Carlo Quarter (corresponding to the former municipality of Monte Carlo), which besides Monte Carlo/Spélugues also includes the wards of Saint Roman, Monaco, La Rousse/Saint Roman, Larvotto, Larvotto/Bas Moulins and Saint Michel, Monaco, Saint Michel. The permanent population of the ward of Monte Carlo is about 3,500, while that of the quarter is about 15,000. Monaco has four traditional quarters, from west to east they are: Fontvieille, Monaco, Fontvieille (the newest), Monaco City, Monaco-Ville (the oldest), La Condamine, and Monte Carlo. Monte Carlo is situated on a prominent escarpment at the base of the Maritime Alps along the French Riviera. Near the quarter's western end is the "world-famous Place du Ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Trust
An investment trust is a form of investment fund found mostly in the United Kingdom and Japan. Investment trusts are constituted as Public limited company, public limited companies and are therefore closed ended since the fund managers cannot redeem or create shares. The first investment trust was the Foreign & Colonial Investment Trust, started in 1868 "to give the investor of moderate means the same advantages as the large capitalists in diminishing the risk by spreading the investment over a number of stocks". In many respects, the investment trust was the progenitor of the investment company in the U.S. The name is somewhat misleading, given that (according to law) an investment "trust" is not in fact a "English trust law, trust" in the legal sense at all, but a separate legal person or a UK company law, company. This matters for the fiduciary duties owed by the board of directors and the equitable ownership of the fund's assets. In the United Kingdom, the term "investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth Management
Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families. It is a discipline which incorporates structuring and planning wealth to assist in growing, preserving, and protecting wealth, whilst passing it onto the family in a tax-efficient manner and in accordance with their wishes. Wealth management brings together tax planning, wealth protection, estate planning, succession planning, and family governance. Private wealth management Private wealth management is sought by high-net-worth investors. Generally, this includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock. Traditionally, the wealthiest retail clients of investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
