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Union Banking Corporation
The Union Banking Corporation (UBC) was a New York investment bank incorporated in 1924 in the United States. During World War II, under the U.S. Trading with the Enemy Act, the United States government seized the bank's assets pending investigation of the bank's business involving a former party member of the Nazi government in Germany, Fritz Thyssen. The now-former U.S. Senator Prescott Bush was a founding member and is included among its seven directors whose entire collective shareholdings in Union Banking Corp. were shares wholly owned by, and held on behalf of, the Thyssen empire's Bank voor Handel en Scheepvaart in Rottendam. Seizure According to an October 5, 1942 report from the Office of Alien Property Custodian, Union Banking was owned by Bank voor Handel en Scheepvaart N.V., a Dutch bank. The memo from August 18, 1941, states "My investigation produced no evidence as to the ownership of this Dutch bank." The Dutch bank was alleged to be affiliated with United ...
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Banking
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. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, 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 concepts o ...
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Council Of State
A council of state is a governmental body in a country, or a subdivision of a country, with a function that varies by jurisdiction. It may be the formal name for the cabinet or it may refer to a non-executive advisory body associated with a head of state. In some countries it functions as a supreme administrative court and is sometimes regarded as the equivalent of a privy council. Modern * Belgian Council of State is a judicial and advisory body that assists the executive with obligatory legal advice on each draft law and is the supreme court for administrative justice * Chinese State Council is the country's highest executive body * Colombian Council of State * Cuban Council of State * Danish Council of State is similar to a privy council with a largely ceremonial role * Dutch Council of State is an advisory body that consists of one or two members of the royal family and other members appointed by the Crown * Egyptian Council of State * Finnish Government is literal ...
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1950s Disestablishments In The United States
Year 195 ( CXCV) was a common year starting on Wednesday of the Julian calendar. At the time, it was known in Rome as the Year of the Consulship of Scrapula and Clemens (or, less frequently, year 948 ''Ab urbe condita''). The denomination 195 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Emperor Septimius Severus has the Roman Senate deify the previous emperor Commodus, in an attempt to gain favor with the family of Marcus Aurelius. * King Vologases V and other eastern princes support the claims of Pescennius Niger. The Roman province of Mesopotamia rises in revolt with Parthian support. Severus marches to Mesopotamia to battle the Parthians. * The Roman province of Syria is divided and the role of Antioch is diminished. The Romans annex the Syrian cities of Edessa and Nisibis. Severus re-establishes his headquarters and the colonies th ...
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1924 Establishments In New York (state)
Nineteen or 19 may refer to: * 19 (number) * One of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (1987 film), a 1987 science fiction film * '' 19-Nineteen'', a 2009 South Korean film * '' Diciannove'', a 2024 Italian drama film informally referred to as "Nineteen" in some sources Science * Potassium, an alkali metal * 19 Fortuna, an asteroid Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album '' 63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle * "Stone in Focus", officially "#19", a composition by Aphex Twin * "Nineteen", a song from the 1992 album ''Refugee'' by Bad4Good * "Nineteen", a song from the ...
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Banks Established In 1924
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 ...
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Defunct Banks Of The United States
Defunct 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 process of becoming antiquated, out of date, old-fashioned, no longer in general use, or no longer useful, or the condition of being in such a state. When used in a biological sense, it means imperfect or rudimentary when comp ...
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Concentration Camps
A concentration camp is a prison or other facility used for the internment of political prisoners or politically targeted demographics, such as members of national or ethnic minority groups, on the grounds of national security, or for exploitation or punishment. Prominent examples of historic concentration camps include the British confinement of non-combatants during the Second Boer War, the mass internment of Japanese-Americans by the US during the Second World War, the Nazi concentration camps (which later morphed into extermination camps), and the Soviet labour camps or gulag. History Definition The term ''concentration camp'' originates from the Spanish–Cuban Ten Years' War when Spanish forces detained Cuban civilians in camps in order to more easily combat guerrilla forces. Over the following decades the British during the Second Boer War and the Americans during the Philippine–American War also used concentration camps. The term "concentration camp" and "inter ...
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Sanatorium
A sanatorium (from Latin '' sānāre'' 'to heal'), also sanitarium or sanitorium, is a historic name for a specialised hospital for the treatment of specific diseases, related ailments, and convalescence. Sanatoriums are often in a healthy climate, usually in the countryside. The idea of healing was an important reason for the historical wave of establishments of sanatoria, especially at the end of the 20th and early 21th centuries. One sought, for instance, the healing of consumptives especially tuberculosis (before the discovery of antibiotics) or alcoholism, but also of more obscure addictions and longings of hysteria, masturbation, fatigue and emotional exhaustion. Facility operators were often charitable associations, such as the Order of St. John and the newly founded social welfare insurance companies. Sanatoriums should not be confused with the Russian sanatoriums from the time of the Soviet Union, which were a type of sanatorium resort residence for workers ...
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Kristallnacht
( ) or the Night of Broken Glass, also called the November pogrom(s) (, ), was a pogrom against Jews carried out by the Nazi Party's (SA) and (SS) paramilitary forces along with some participation from the Hitler Youth and German civilians throughout Nazi Germany on 9–10 November 1938. The German authorities looked on without intervening.German Mobs' Vengeance on Jews", ''The Daily Telegraph'', 11 November 1938, cited in The euphemistic name comes from the shards of broken glass that littered the streets after the windows of Jewish-owned stores, buildings, and synagogues were smashed. The pretext for the attacks was the assassination, on 9 November 1938, of the German diplomat Ernst vom Rath by Herschel Grynszpan, a 17-year-old German-born Polish Jew living in Paris. Jewish homes, hospitals and schools were ransacked as attackers demolished buildings with sledgehammers. Rioters destroyed over 1,400 synagogues and prayer rooms throughout Germany, Austria, and the Su ...
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Heinrich, Baron Thyssen-Bornemisza De Kászon
Heinrich Thyssen (31 October 1875 – 26 June 1947), after 22 June 1907 Heinrich, Baron Thyssen-Bornemisza de Kászon et Impérfalva, was a Hungarian-German entrepreneur and art collector. Biography Thyssen was born in Mülheim an der Ruhr, the second son of German industrialist August Thyssen. Heinrich Thyssen had abandoned Germany as a young man and, after studying chemistry at the University of Heidelberg and philosophy at the University of London and obtaining a doctorate, he settled in Hungary in 1905 and married Baroness Margit Bornemisza de Kászon et Impérfalva ( Csetény, Veszprém, 23 July 1887 – Locarno, 17 April 1971) in Vienna or Budapest on 4 January 1906 and became a citizen of Austria-Hungary. In Vienna on 22 June 1907 he was adopted by his father-in-law, Gábor, Baron Bornemisza de Kászon et Impérfalva ( Kolozsvár, 20 April 1859 – Budapest, 21 April 1915), the King's chamberlain who, having no sons of his own, adopted Heinrich. Franz Joseph I of Austria ...
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Prescott Bush
Prescott Sheldon Bush Sr. (May 15, 1895 – October 8, 1972) was an American banker and Republican Party (United States), Republican Party politician. as a Wall Street executive investment banker, he represented Connecticut in the from 1952 of the Bush family, he was the father of President , and the paternal grandfather of President and List of governors of Florida, Florida governor Born in Columbus, Ohio, Bush graduated from Yale College and served as an artillery officer during World War I. After the war, he worked for several companies, becoming a minor partner of the Brown Brothers Harriman & Co. investment bank in 1931. He served in several high-ranking United States Golf Association offices, including president of that organization. Bush settled in Connecticut in 1925. Bush won election to the Senate in a 1952 United States Senate special election in Connecticut, 1952 special election, narrowly defeating Democratic nominee Abraham Ribicoff. In the Senate, Bush staun ...
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Vereinigte Stahlwerke
The Vereinigte Stahlwerke AG (VSt or Vestag, ''United Steel Works'') was a German industrial conglomerate producing coal, iron, and steel in the interbellum and during World War II. Founded in 1926, economic pressures (decreasing prices and excess capacities) led to the union of several companies, including Thyssen AG, , Rheinische Stahlwerke, Rhein-Elbe-Union GmbH, Deutsch-Luxemburgische Bergwerks- und Hütten-AG, , and . This group united of most German iron, steel and coal producers but did not include Hoesch AG, Krupp AG, Klöckner-Werke, , and Mannesmann. The company was headquartered in Düsseldorf. During the 1930s, VSt was one of the biggest German companies and, at times, also the largest steel producer in Europe. With up to about 250,000 workers, it produced about 40% of the steel and 20% of the coal produced in Germany. Chief executive officer (chief of the Vorstand) was initially Albert Vögler, until 1935. He was succeeded (1935−1943) as CEO by Ernst Poensgen, de ...
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