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Holmes' Bank
Holmes' Bank was a bank in the British Crown dependency of the Isle of Man, providing private and business banking services to the local population.''Isle of Man Examiner.'' Friday, February 12, 1937; Page: 10 Holmes' Bank crashed spectacularly in 1853 resulting in hardship, unemployment, bankruptcy and destitution for many of the inhabitants of the Island. History Origins The early history of banking on the Isle of Man is rife with incompetence and mismanagement. Whilst the earliest banks in England were an integral part in trading as far back as the 12th Century, banking was unknown on the Isle of Man until the beginning of the 19th Century. The earliest Manx bank began business in 1802 at Castletown. It was known as the Isle of Man Bank and carried on trading until 1818.''Isle of Man Daily Times.'' Tuesday, January 17, 1961; Page: 3 A feature of Manx life at that time was a profusion of bank notes in circulation issued by tradesmen for small amounts and an Act to control ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Douglas, Isle Of Man
Douglas ( gv, Doolish, ) is the capital and largest town of the Isle of Man, with a population of 26,677 (2021). It is located at the mouth of the River Douglas, and on a sweeping bay of . The River Douglas forms part of the town's harbour and main commercial port. Douglas was a small settlement until it grew rapidly as a result of links with the English port of Liverpool in the 18th century. Further population growth came in the following century, resulting during the 1860s in a staged transfer of the High Courts, the Lieutenant Governor's residence, and finally the seat of the legislature, Tynwald, to Douglas from the ancient capital, Castletown. The town is the Island's main hub for business, finance, legal services, shipping, transport, shopping, and entertainment. The annual Isle of Man TT motorcycle races start and finish in Douglas. History Early history In the absence of any archaeological data, the origins of the town may be revealed by analysis of the origin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1815
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] |
19th-century Disestablishments In The Isle Of Man
The 19th (nineteenth) century began on 1 January 1801 ( MDCCCI), and ended on 31 December 1900 ( MCM). The 19th century was the ninth century of the 2nd millennium. The 19th century was characterized by vast social upheaval. Slavery was abolished in much of Europe and the Americas. The First Industrial Revolution, though it began in the late 18th century, expanding beyond its British homeland for the first time during this century, particularly remaking the economies and societies of the Low Countries, the Rhineland, Northern Italy, and the Northeastern United States. A few decades later, the Second Industrial Revolution led to ever more massive urbanization and much higher levels of productivity, profit, and prosperity, a pattern that continued into the 20th century. The Islamic gunpowder empires fell into decline and European imperialism brought much of South Asia, Southeast Asia, and almost all of Africa under colonial rule. It was also marked by the collapse of the lar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accounting Scandals
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and " financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Failures
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank usually fails economically when the market value of its assets declines to a value that is less than the market value of its liabilities. The insolvent bank either borrows from other solvent banks or sells its assets at a lower price than its market value to generate liquid money to pay its depositors on demand. The inability of the solvent banks to lend liquid money to the insolvent bank creates a bank panic among the depositors as more depositors try to take out cash deposits from the bank. As such, the bank is unable to fulfill the demands of all of its depositors on time. A bank may be taken over by the regulating government agency if its shareholders' equity are below the regulatory minimum. The failure of a bank is generally considered to be of more importance than the failure of other types ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of The United Kingdom
The economic history of the United Kingdom relates the economic development in the British state from the absorption of Wales into the Kingdom of England after 1535 to the modern United Kingdom of Great Britain and Northern Ireland of the early 21st century. Scotland, England, and Wales shared a monarch from 1601 but their economies were run separately until they were unified in the 1707 Act of Union. Ireland was incorporated in the United Kingdom economy between 1800 and 1922; from 1922 the Irish Free State (the modern Republic of Ireland) became independent and set its own economic policy. Great Britain, and England in particular, became one of the most prosperous economic regions in the world between the late 1600s and early 1800s as a result of being the birthplace of the industrial revolution that began in the mid-eighteenth century. The developments brought by industrialization resulted in Britain becoming the premier European and global economic, political, and militar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Banking
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 Common Era, BCE in Assyria, India and Sumeria. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting Deposit account, deposits and performing the Bureau de change, change of money. Archaeology from this period in History of China#Ancient China, ancient China and history of India, India also shows evidence of Loan, money lending. Many scholars trace the historical roots of the modern banking system to medieval and Renaissance Italy#Early Modern, Italy, particularly the affluent cities of Florence, Venice and Genoa. The Bardi family, Bardi and Peruzzi Families dominated banking in 14th century Florence, establishing branches in many other parts of Europe.Noble Foster Hoggson, Hoggson, N. F. (1926) ''Banking Through the Ages'', New York, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Former Investment Banks
A former is an object, such as a template, gauge or cutting die, which is used to form something such as a boat's hull. Typically, a former gives shape to a structure that may have complex curvature. A former may become an integral part of the finished structure, as in an aircraft fuselage, or it may be removable, being using in the construction process and then discarded or re-used. Aircraft formers Formers are used in the construction of aircraft fuselage, of which a typical fuselage has a series from the nose to the empennage, typically perpendicular to the longitudinal axis of the aircraft. The primary purpose of formers is to establish the shape of the fuselage and reduce the column length of stringers to prevent instability. Formers are typically attached to longerons, which support the skin of the aircraft. The "former-and-longeron" technique (also called stations and stringers) was adopted from boat construction, and was typical of light aircraft built until the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Scandals
A corporate collapse typically involves the insolvency or bankruptcy of a major business enterprise. A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved false or inappropriate accounting of some sort (see list at accounting scandals). List of major corporate collapses The following list of corporations involved major collapses, through the risk of job losses or size of the business, and meant entering into insolvency or bankruptcy, or being nationalised or requiring a non-market loan by a government. List of scandals without insolvency * Australia & New Zealand Banking Group scandal involving misleading file notes in the Financial Ombudsman Service (Australia) presented to the Supreme Court of Victoria. * Australia & New Zealand Banking Group allegations of racial bigotry toward billionaire businessman Pankaj Oswal and his wife. Court was presented ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of The Isle Of Man
{{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] |
1815 Establishments In England
Events January * January 2 – Lord Byron marries Anna Isabella Milbanke in Seaham, county of Durham, England. * January 3 – Austria, Britain, and Bourbon-restored France form a secret defensive alliance treaty against Prussia and Russia. * January 8 – Battle of New Orleans: American forces led by Andrew Jackson defeat British forces led by Sir Edward Pakenham. American forces suffer around 60 casualties and the British lose about 2,000 (the battle lasts for about 30 minutes). * January 13 – War of 1812: British troops capture Fort Peter in St. Marys, Georgia, the only battle of the war to take place in the state. * January 15 – War of 1812: Capture of USS ''President'' – American frigate , commanded by Commodore Stephen Decatur, is captured by a squadron of four British frigates. February * February – The Hartford Convention arrives in Washington, D.C. * February 3 – The first commercial cheese factory is founded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1815 Establishments In The Isle Of Man
Events January * January 2 – Lord Byron marries Anna Isabella Milbanke in Seaham, county of Durham, England. * January 3 – Austria, Britain, and Bourbon-restored France form a secret defensive alliance treaty against Prussia and Russia. * January 8 – Battle of New Orleans: American forces led by Andrew Jackson defeat British forces led by Sir Edward Pakenham. American forces suffer around 60 casualties and the British lose about 2,000 (the battle lasts for about 30 minutes). * January 13 – War of 1812: British troops capture Fort Peter in St. Marys, Georgia, the only battle of the war to take place in the state. * January 15 – War of 1812: Capture of USS ''President'' – American frigate , commanded by Commodore Stephen Decatur, is captured by a squadron of four British frigates. February * February – The Hartford Convention arrives in Washington, D.C. * February 3 – The first commercial cheese factory is founded in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
