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National Bank Of Australia
The National Bank of Australasia was a bank based in Melbourne. It was established in 1858, and in 1982 merged with the Commercial Banking Company of Sydney to form National Australia Bank. History In 1858, Alexander Gibb, a Melbourne gentleman, enlisted Andrew Cruickshank, a local merchant and pastoralist, to raise the capital to establish National Bank of Australasia with headquarters in Melbourne. The legal work establishing the bank was performed by a predecessor of King & Wood Mallesons. Cruickshank became its first chairman while Gibb left after being passed over for the position of General Manager. The bank opened its first branch in South Australia the same year. Expansion to other Australian states followed, with branches opening in Tasmania (1859), Western Australia (1866), New South Wales (1885) and finally Queensland (1920). An early branch established in Mauritius (1859) closed within a year, but a London branch (1864) was established to handle financing and payme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Banking Company Of Sydney
The Commercial Banking Company of Sydney Limited, also known as the CBC, or CBC Bank, was a bank based in Sydney, Australia. It was established in 1834, and in 1982 merged with the National Bank of Australasia to form National Australia Bank. History On 8 September 1834 the '' Sydney Herald'' carried a notice titled "The Commercial Banking Company of Sydney" proposing the establishment of a new bank. It began operations on 1 November 1834 and in 1848 was incorporated by an Act of the New South Wales Parliament. Sir Edward Knox was the first bank manager and later a director. Thomas Barker, a manufacturer, engineer, politician, landowner and philanthropist, was a notable director and chairman. William Rutledge (born 1806 - died 1876 Port Fairy, Victoria, Australia), merchant, banker and early settler, also became a director of the bank in 1839. The CBC grew to service the expanding pastoral and farming industries of the then Colony of New South Wales. It absorbed the Bank of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Banking Crisis Of 1893
The 1893 banking crisis in the Australian colonies involved the collapse of a considerable number of commercial banks and building societies, and a general economic depression. It occurred at the same time as the US Panic of 1893 (1893–1897). Foundations During the 1880s, there had been a speculative boom in the Australian property market. The optimistic climate was fostered by the commercial banks, and also led to the proliferation of non-bank institutions such as building societies; as they were operating in a free banking system, there were few legal restrictions on their operations, and there was no central bank or government-provided deposit guarantees. Consequently, these banks and related bodies lent extravagantly, for property development in particular, but following the collapse of the land boom after 1888, a large number of enterprises that had borrowed money found themselves unable to repay these debts, and many began to declare bankruptcy. Crisis Banks and non-b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1858
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] |
Minority Interest
In accounting, minority interest (or non-controlling interest) is the portion of a subsidiary corporation's stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, or the corporation would generally cease to be a subsidiary of the parent. It is, however, possible (such as through special voting rights) for a controlling interest requiring consolidation to be achieved without exceeding 50% ownership, depending on the accounting standards being employed. Minority interest belongs to other investors and is reported on the consolidated balance sheet of the owning company to reflect the claim on assets belonging to other, non-controlling shareholders. Also, minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders. The reporting of 'minority interest' is a consequence of the requirement by accounting standards to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ballarat Banking Company
The Ballarat Banking Company was a long-lasting regional bank based in the city of Ballarat, Victoria, Australia, operating from 1865 to 1955. It commenced operation in June 1865, having occupied the former Ballarat premises of the Oriental Bank Corporation. It was one of the banks to suspend payments in the 1892-93 banking crisis, closing in March 1892 but reopening in June 1892 after negotiations with creditors. Hugh Dean Thomas Williamson gained his first banking job with the bank 1917. It "confined its activities to the Ballarat district", but " lourishedin its original form" for nearly a century. In 1934, it had branches in Ballarat and three adjoining towns. It was acquired by the National Bank of Australasia The National Bank of Australasia was a bank based in Melbourne. It was established in 1858, and in 1982 merged with the Commercial Banking Company of Sydney to form National Australia Bank. History In 1858, Alexander Gibb, a Melbourne gentlema ... in 1955 for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Queensland National Bank
The Queensland National Bank is a former bank in Queensland, Australia. History In 1872, the bank was established in Brisbane. In December 1914, the bank had its head office in Brisbane with branches throughout Queensland at Allora, Aramac, Ayr, Barcaldine, Beaudesert, Biggenden, Blackall, Boonah, Bundaberg, Burketown, Cairns (with a receiving office at Gordonvale), Charleville, Charters Towers, Childers (with a receiving office at Cordalba), Clifton, Cloncurry, Cooktown, Crows Nest, Cunnamulla, Dalby (with receiving offices at Bell and Tara), Esk, Forest Hill, Fortitude Valley, Gatton (with receiving office at Grantham), Gladstone, Goombungee, Goondiwindi, Greenmount, Gympie, Halifax, Herberton, Hughenden, Ingham, Innsifail, Ipswich, Invinebank, Jandowae, Kandanga, Killarney, Kingaroy, Laidley, Longreach, Mackay, Marburg, Mareeba, Maryborough, Millmerran, Mitchell (with receiving office at Mungallala), Mount Morgan, Murgon, Muttaburra, Nobby, Norman ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of North Queensland
The Bank of North Queensland was formed in 1887 in Townsville with branches in Sydney and London. In 1893 there were branches in: Ayr, Cairns, Charters Towers, Cooktown, Herberton, Normanton, Rockhampton and Thursday Island and agencies at Mareeba, Limestone, and Muldiva. London agents, the London and Westminster Bank. In 1910 it had branches in Northern, Central, and Southern Queensland, including Atherton, Childers and Warwick Warwick ( ) is a market town, civil parish and the county town of Warwickshire in the Warwick District in England, adjacent to the River Avon. It is south of Coventry, and south-east of Birmingham. It is adjoined with Leamington Spa and Whi .... There were also branches in the New England area of New South Wales and the vicinity of Sydney, and Agencies throughout Australasia, Great Britain, America, and the East, In 1917 the Bank of North Queensland merged with The Royal Bank of Queensland to form the Bank of Queensland References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Bank Of Queensland
The Royal Bank of Queensland was a bank in Queensland, Australia. History The Royal Bank of Queensland commenced operation in Brisbane Brisbane ( ) is the capital and most populous city of the Australian state of Queensland, and the third-most populous city in Australia and Oceania, with a population of approximately 2.6 million. Brisbane lies at the centre of the South ... in February 1886. In 1917 it merged with the Bank of North Queensland creating the Bank of Queensland. In 1922 the Bank of Queensland merged with the National Bank of Australasia. Head Office The early head office was built in 1891 at 180 Queen Street, but this building was replaced in 1929-30 by the successor company, and the replacement is a heritage-listed building of the (now) National Australia Bank. Heritage listings A number of former Royal Bank of Queensland buildings are still standing and are now heritage listed, including: * Royal Bank of Queensland, Gympie * Royal Bank o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Queensland (1917—1922)
The Bank of Queensland (branded BOQ) is an Australian retail bank with headquarters in Brisbane, Queensland. The bank is one of the oldest financial institutions in Queensland, having begun as a building society. It now has 163 branches throughout Australia, including 53 corporate branches and 103 "owner managed" branches. In 2021, customer satisfaction with BOQ was rated at 82.9% by Roy Morgan Research. In 2007 customer satisfaction levels were placed at 88%. The bank does not currently have any board directors who are based in Queensland. History A Bank of Queensland was established in 1863. It collapsed in 1866 closing its doors in the severe financial depression known as the Panic of 1866. Another bank took the same name in 1917 but disappeared into the National Bank in 1922. The current Bank of Queensland was established in 1874 as The Brisbane Permanent Benefit Building and Investment Society. It was incorporated in 1887. It amalgamated with City and Suburban Building ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victoria (Australia)
Victoria is a state in southeastern Australia. It is the second-smallest state with a land area of , the second most populated state (after New South Wales) with a population of over 6.5 million, and the most densely populated state in Australia (28 per km2). Victoria is bordered by New South Wales to the north and South Australia to the west, and is bounded by the Bass Strait to the south (with the exception of a small land border with Tasmania located along Boundary Islet), the Great Australian Bight portion of the Southern Ocean to the southwest, and the Tasman Sea (a marginal sea of the South Pacific Ocean) to the southeast. The state encompasses a range of climates and geographical features from its temperate coastal and central regions to the Victorian Alps in the northeast and the semi-arid north-west. The majority of the Victorian population is concentrated in the central-south area surrounding Port Phillip Bay, and in particular within the metropolit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonial Bank Of Australasia
The Colonial Bank of Australasia was a bank operating primarily in the Australian colony and then state of Victoria from 1856 to 1918. It commenced operation on 14 April 1856, following its incorporation by the Parliament of Victoria through the ''Colonial Bank of Australasia Incorporation Act 1856''. The board's first governor was John O'Shanassy, who would become Premier of Victoria the next year. The new bank had already won a lawsuit filed against it by the Bank of Australasia, which had alleged that the new bank had infringed upon its rights. It described itself as having been established on the "Scottish principle", with limited liability for shareholders related to having been incorporated by Parliament. The bank's first headquarters were located in the former Imperial Hotel on the corner of Elizabeth Street and Little Collins Street, Melbourne. It was replaced with a grand new headquarters on the same site in 1880-82 to a design of the architectural firm Smith and John ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Grice
Sir John Grice (6 October 1850 – 27 February 1935) was an Australian businessman, company director and University of Melbourne vice-chancellor. Biography Grice was born in Selly Oak, fourth son of Richard Grice, a Selly Oak merchant. He was educated at Aston University 1861–66 and the just-opened Wesley College, Melbourne (where he was the first boy to matriculate and qualify for the University of Melbourne). Grice graduated LL.B. in 1871, and BA in 1872. Grice founded the University Boat Club, rowed for his university and was also a member of the Victorian four-oared crew in 1872. Grice was called to the bar in 1872 but never practised. Grice instead entered the family firm of Grice, Sumner and Company and eventually became one of the leading business men of Melbourne. Grice was a 45-year board-member of the National Bank of Australasia, and for 26 of these years was chairman of directors. Grice was also for many years chairman of directors of the Metropolitan Gas Company, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
