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Morgan Grenfell
Morgan, Grenfell & Co. was a leading London-based Investment banking, investment bank regarded as one of the oldest and once most influential British merchant banks. It had its origins in a merchant banking business commenced by George Peabody. Junius Spencer Morgan became a partner in 1854. After Peabody retired the business was styled J. S. Morgan & Co. In 1910, it was reconstituted as Morgan Grenfell & Co. in recognition of the senior London-based partner, Edward Grenfell, 1st Baron St Just, Edward Grenfell, although J. P. Morgan & Co. still held a controlling interest. In the 1930s, it became a commercial bank and the Morgan family relinquished their controlling interest in the business. After a period of retrenchment, it expanded under the management of Viscount Harcourt, second Viscount Harcourt in the 1960s. The link with J. P. Morgan & Co. ended completely in the 1980s. The business also became embroiled in the Guinness share-trading fraud at that time. In 1990, Morgan Grenf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Bank
Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. Deutsche Bank was founded in 1870 in Berlin. From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as ''Deutsche Bank und Disconto-Gesellschaft'' or DeDi-Bank. Other transformative acquisitions have included those of Mendelssohn & Co. in 1938, Morgan, Grenfell & Company, Morgan Grenfell in 1990, Bankers Trust in 1998, and Deutsche Postbank in 2010. As of 2018, the bank's network spanned 58 countries with a large presence in Europe, the Americas, and Asia. It is a component of the DAX stock market index and is often referred to as the List of banks in Germany, largest German banking institution, with Deutsche Bank holding the majority stake in DWS Group for combined assets of 2.2 trillion euros, rivaling even Spa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Acceptance Credit
An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. The bank "accepts" bills of exchange drawn on the bank by the debtor, discounts them and agrees to pay for them when they mature Mature is the adjectival form of maturity, as immature is the adjectival form of immaturity, which have several meanings. Mature or immature may also refer to: * Mature, a character from ''The King of Fighters'' series *"Mature 17+", a rating in .... There are two types of acceptance credit, confirmed and unconfirmed. Unconfirmed acceptance credit means that the buyer takes the risk that payment will not be made, due to any number of contingencies such as shipment non-delivery, confiscation by customs authorities, or any other problems. Confirmed acceptance credit means that the bank upon which the credit has been issued, essentially guarantees payment as long ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Overseas Airways Corporation
British Overseas Airways Corporation (BOAC) was the United Kingdom, British state-owned national airline created in 1939 by the merger of Imperial Airways and British Airways Ltd. It continued operating overseas services throughout World War II. After the passing of the Civil Aviation Act 1946, European and South American services passed to two further state-owned airlines, British European Airways (BEA) and British South American Airways (BSAA). BOAC absorbed BSAA in 1949, but BEA continued to operate British domestic and European routes for the next quarter century. The Civil Aviation Act 1971 merged BOAC and BEA, effective 31 March 1974, forming today's British Airways. History War years On 24 November 1939, BOAC was created by the (2 & 3 Geo. 6. c. 61) to become the British state airline, formed from the merger of Imperial Airways and British Airways Ltd. The companies had been operating together since war was declared on 3 September 1939, when their operations were eva ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francis Rodd, 2nd Baron Rennell
Major-General Francis James Rennell Rodd, 2nd Baron Rennell (25 October 1895 – 15 March 1978), known as Lord Rennell, was an army officer and the second but eldest surviving son of the diplomat Rennell Rodd, 1st Baron Rennell. He served as a Chief of Civil Affairs in the Mediterranean theatre of war from 1941 to 1944. Career Rodd was educated at Eton College and Balliol College, Oxford where he graduated with a Master of Arts. First World War and diplomatic service During the First World War he served in the artillery and, since he spoke four languages fluently, as an intelligence officer in France, Italy, North Africa, Egypt, Libya, Palestine and Syria. While an intelligence officer in Egypt and Palestine, he befriended T. E. Lawrence triggering his passion for exploring desert landscapes. He wrote of Lawrence: There are few people in this wide world I have greater admiration for... and I like him very well besides... Rodd entered HM Diplomatic Service in 1919. He w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vivian Smith, 1st Baron Bicester
Vivian Hugh Smith, 1st Baron Bicester (9 December 1867 – 17 February 1956), was a British merchant banker. Early life Vivian Hugh Smith was born on 9 December 1867. He was the elder son of Hugh Colin Smith (son of John Abel Smith and Governor of the Bank of England from 1897 to 1899) and Constance Maria Josepha (née Adeane). He was educated at Eton College and Trinity College, Cambridge. His brother Aubrey followed the different path of joining the Royal Navy at the age of eleven and later rose to be an admiral. Career Smith served as the Chairman of Yule Catto & Company Ltd (present-day Synthomer), Governor of the Royal Exchange Assurance Corporation from 1914 to 1956, and a Director of Morgan Grenfell & Co. Between 1934 and 1956, he also held the honorary position of Lord Lieutenant of Oxfordshire. On 29 June 1938, Smith was raised to the peerage as Baron Bicester, of Tusmore in the County of Oxford. Personal life In 1897, Smith was married to Lady Sybil Mary Mc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankers Trust
Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corporation in 2003. History In 1903 a group of New York national banks formed trust company Bankers Trust to provide trust services to customers of state and national banks throughout the country on the premise that it would not lure commercial bank customers away. In addition to offering the usual trust and commercial banking functions, it also acted as a "bankers' bank" by holding the reserves of other banks and trust companies and loaning them money when they needed additional reserves due to unexpected withdrawals. Bankers Trust Company was incorporated on March 24, 1903, with an initial capital of $1.5 million. Despite technically having numerous stockholders, the voting power was held by three associates of J.P. Morgan. Thus, it was w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barclays Bank
Barclays PLC (, occasionally ) is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces its origins to the goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank, Backhouse's Bank and Gurney, Peckover and Company, united as a joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North American operations of Lehman Brothers in 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Indosuez
Banque Indosuez was a French bank, the product of the 1975 merger of Banque de l'Indochine and Banque de Suez et de l'Union des mines. It was purchased by Crédit Agricole in 1996, and formed the core of what is now Crédit Agricole Corporate and Investment Bank. As of 2022, its brand survives in Indosuez Wealth Management, the Crédit Agricole group's wealth management arm. History In 1966, to prevent an outright takeover of military-industrial concern Schneider by Belgium's Empain group, the Banque de l'Indochine acquired 10 percent of Schneider's capital. As a consequence of that transaction, Empain took 11 percent of the bank's own capital. Its chairman then attempted to counter Empain's influence in the bank (as the rest of the shareholder base was highly dispersed) by inviting the Compagnie Financière de Suez, with which the bank had several common business interests, to invest in it as well. In January 1967, Suez acquired 7 percent of the bank's capital, the same a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christopher Reginald Reeves
Christopher Reginald Reeves (14 January 1936 – 20 November 2007) was a British banker who helped transform Morgan Grenfell from a conservative City bank into a major force in international finance. Life After receiving his education at Malvern College, Reeves did National Service with the Rifle Brigade in Kenya and Malaya. He joined the Bank of England in 1958, moving to Hill Samuel in 1963 where he worked closely with his mentor Lord Keith. It is widely recognised that Reeves played a central role in the transformation of Morgan Grenfell and Merrill Lynch, both prominent City of London investment banks, from conservative to meritocratic institutions. In his ''Times'' obituary, it was stated that he was "one of the more talented international investment bankers of his generation", a leading member of "a new breed of driven, ambitious professionals who shook up the City in the 1980s." Reeves joined Morgan Grenfell in 1968 and became group chief executive in 1980. After re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Trade And Industry (United Kingdom)
The Department of Trade and Industry (DTI) was a United Kingdom government department formed on 19 October 1970. It was replaced with the creation of the Department for Business, Enterprise and Regulatory Reform and the Department for Innovation, Universities and Skills on 28 June 2007. History The department was formed on 19 October 1970 through the merger of the Board of Trade and the Ministry of Technology, creating a new cabinet post of Secretary of State for Trade and Industry. Additionally, the department also took over the Department of Employment's former responsibilities for monopolies and mergers. However, in January 1974, the department's responsibilities for energy production were transferred to a newly created Department of Energy. On 5 March that year, following a Labour Party victory in the February 1974 general election, the department was split into the Department of Trade, the Department of Industry and the Department of Prices and Consumer Protection. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guinness
Guinness () is a stout that originated in the brewery of Arthur Guinness at Guinness Brewery, St. James's Gate, Dublin, Ireland, in the 18th century. It is now owned by the British-based Multinational corporation, multinational alcoholic beverage maker Diageo. It is one of the most successful alcohol brands worldwide, brewed in almost 50 countries, and available in over 120. Sales in 2011 amounted to 850,000,000 litres (190,000,000 imp gal; 220,000,000 U.S. gal). It is the highest-selling beer in both Ireland and the United Kingdom. The Guinness Storehouse is a tourist attraction at Guinness Brewery, St. James's Gate Brewery in Dublin, Ireland. Since opening in 2000, it has received over 20 million visitors. Guinness's flavour derives from malted barley and roasted unmalted barley; the unmalted barley is a relatively modern addition that became part of the grist in the mid-20th century. For many years, a portion of aged brew was blended with freshly brewed beer to give a sharp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
