Trust Bank Of Tasmania
The Trust Bank of Tasmania (trading as Trust Bank) was a state bank operating in Tasmania, Australia. It was founded in 1991 from the merger of the Tasmania Bank and Hobart Savings Bank/Savings Bank of Tasmania. It was sold to Colonial Mutual in 1999. Foundation During the mid-1980s, the Government of Tasmania, Tasmanian Government attempted to create a single state bank by merging the two trustee banks, the Savings Bank of Tasmania and the Launceston Savings Bank. This failed, however; the Launceston Savings Bank eventually merged with the Perpetual Executors Building Society to form the Tasmania Bank in 1987. The Savings Bank of Tasmania continued to operate separately. Poor lending strategies led the Tasmania Bank to crisis in 1989, and through financial injection by the state government and the inclusion of the Savings Bank of Tasmania, a merger was considered. The state government deliberated, and put forth the ''Trust Bank (Arrangements) Act 1991'', which gained Royal Assent ...
[...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  

Banking
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]