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Bank Brussel Lambert
Bank Brussels Lambert (BBL, ) was a prominent Belgian bank that was created in 1975 through the merger of Banque de Bruxelles and Banque Lambert, and was eventually acquired in 1998 by ING Group; however the name survived as part of Groupe Bruxelles Lambert, which controlled the bank prior to its acquisition. Overview The 1975 merger made BBL the second largest Belgian bank at that time. It provided retail and commercial banking services to individuals and businesses in Belgium, together with related financial products such as insurance and asset management. In 2003, ING rebranded BBL as ING Belgium. The headquarters of BBL, now an office of ING Group, was the former head office building of Bank Lambert on Marnixlaan 24, Brussels. This modernist building was the only European building designed by the American architect Gordon Bunshaft making it one of the most important modernist architectural buildings in Belgium. See also * Dexia * Fortis Group * KBC Group KBC Group N.V. ...
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ING Group
ING Group N.V. () is a Dutch multinational corporation, multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$967.8 billion, it is one of the biggest banks in the world, and consistently ranks among the List of largest banks, largest banks globally. ING is the Dutch member of the Inter-Alpha Group of Banks, a co-operative consortium of 11 prominent European banks. Since in 2012, ING Bank is a member in the list of systemically important banks, list of global systemically important banks. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. In 2020, ING had 53.2 million clients in more than 40 countries. Th ...
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City Of Brussels
The City of Brussels is the largest List of municipalities of the Brussels-Capital Region, municipality and historical City centre, centre of the Brussels, Brussels-Capital Region, as well as the capital of the French Community of Belgium, the Flemish Region (from which it is List of capitals outside the territories they serve, separate) and Belgium. The City of Brussels is also the administrative centre of the European Union, as it hosts a number of principal Institutions of the European Union, EU institutions in its Brussels and the European Union#European Quarter, European Quarter. Besides the central historic town located within the Pentagon (Brussels), Pentagon, the City of Brussels covers some of the city's immediate outskirts within the greater Brussels-Capital Region, namely the former municipalities of Haren, Belgium, Haren, Laeken, and Neder-Over-Heembeek to the north, as well as the Avenue Louise, Avenue Louise/Louizalaan and the Bois de la Cambre, Bois de la Cambre/ ...
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Bank
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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Banque De Bruxelles
The Bank of Brussels (, ) was a prominent bank in Brussels, established in 1871 and merged in 1975 with Banque Lambert to form Banque Bruxelles Lambert. It was Belgium's second-largest bank for most of its existence, behind the Société Générale de Belgique and, from 1934 onwards, its spun-off banking subsidiary. History In 1871, Venetian Jewish banker created the Banque de Bruxelles with support from a group of Dutch and German financiers including his father-in-law, Frankfurt-born banker Joseph Oppenheim. Following the downturn of the mid-1870s, the fledgling bank encountered financial distress, and Errera had to liquidate and re-establish it in 1877 on a smaller scale. Its operations and investments grew rapidly in the late 19th century. In 1916, under the German occupation of Belgium during World War I, the Banque de Bruxelles took over the Banque Internationale de Bruxelles. The latter, established at 27 Avenue des Arts on the corner with Rue de la Loi, had been j ...
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Banque Lambert
The Banque Lambert () was a significant family-controlled bank in Belgium, with roots going back to 1835 and long associated with the Rothschilds. It merged in 1975 with Banque de Bruxelles to form Bank Brussels Lambert, which itself was acquired in 1998 by ING Group. 19th century In 1835, Aschaffenburg-born banker Lazare Richtenberger initiated business in Brussels, in the recently created Kingdom of Belgium, as agent of James Mayer de Rothschild under the name . In 1838 Richtenberger married Charlotte née Neymer, widow Low Levy. Her son-in-law, Lyon-born Samuel Lambert, moved to Brussels and partnered with Richtenberger, upon which the business became . In the early 1840s, Lambert opened a branch in Antwerp. Following Richtenberger's death in late 1853, the business took the name of . Samuel's son took over the bank's leadership upon Samuel's death in 1875. In 1882 he married , a granddaughter of James de Rothschild, further reinforcing the links between the two famili ...
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Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (GBL) is a Belgian holding company invested in multiple industries. It invests in both listed and private companies. Directed by Ian Gallienne, GBL had a net asset value of €22.5 billion and a market capitalisation of €15.3 billion at the end of September 2021. GBL is controlled by Pargesa S.A., a Swiss entity which holds 29.13% of the outstanding shares and 44.23% of the voting rights. Pargesa S.A. itself is held jointly by the Power Corporation of Canada and Frère groups, providing GBL with a stable and solid shareholder base. Since 1990, the two groups have been bound by a shareholders' agreement. This agreement, which was extended in December 2012 until 2029, includes an extension possibility. History The company now known as GBL was founded in 1972, when Léon Lambert's two holding companies, (CLIF) and Cofinter, merged with Brufina and Cofinindus, two holding entities associated with the so-called Groupe de Launoit founded by . The new com ...
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ING Belgium
ING Group N.V. () is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$967.8 billion, it is one of the biggest banks in the world, and consistently ranks among the largest banks globally. ING is the Dutch member of the Inter-Alpha Group of Banks, a co-operative consortium of 11 prominent European banks. Since in 2012, ING Bank is a member in the list of global systemically important banks. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. In 2020, ING had 53.2 million clients in more than 40 countries. The company is a component of the Euro Stoxx 50 stock market index. The long-term deb ...
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Modernist
Modernism was an early 20th-century movement in literature, visual arts, and music that emphasized experimentation, abstraction, and Subjectivity and objectivity (philosophy), subjective experience. Philosophy, politics, architecture, and social issues were all aspects of this movement. Modernism centered around beliefs in a "growing Marx's theory of alienation, alienation" from prevailing "morality, optimism, and Convention (norm), convention" and a desire to change how "social organization, human beings in a society interact and live together". The modernist movement emerged during the late 19th century in response to significant changes in Western culture, including secularization and the growing influence of science. It is characterized by a self-conscious rejection of tradition and the search for newer means of cultural expressions, cultural expression. Modernism was influenced by widespread technological innovation, industrialization, and urbanization, as well as the cul ...
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Gordon Bunshaft
Gordon Bunshaft (May 9, 1909 – August 6, 1990) was an American architect, a leading proponent of modern design in the mid-twentieth century. A partner in Skidmore, Owings & Merrill (SOM), Bunshaft joined the firm in 1937 and remained with it for more than 40 years. His notable buildings include Lever House in New York, the Beinecke Rare Book and Manuscript Library at Yale University, the Hirshhorn Museum and Sculpture Garden in Washington, D.C., the National Commercial Bank in Jeddah, Saudi Arabia, 140 Broadway (Marine Midland Grace Trust Co.), and Manufacturers Hanover Trust Branch Bank in New York, the first post-war "transparent" bank on the East Coast. Early life Bunshaft was born in Buffalo, New York, to Russian Jewish immigrant parents and attended Lafayette High School. A sickly child, he "frequently drew while in bed," his ''New York Times'' obituary notes. "A doctor who admired his pictures of houses told his mother that her son should become an architect."
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Modernism
Modernism was an early 20th-century movement in literature, visual arts, and music that emphasized experimentation, abstraction, and Subjectivity and objectivity (philosophy), subjective experience. Philosophy, politics, architecture, and social issues were all aspects of this movement. Modernism centered around beliefs in a "growing Marx's theory of alienation, alienation" from prevailing "morality, optimism, and Convention (norm), convention" and a desire to change how "social organization, human beings in a society interact and live together". The modernist movement emerged during the late 19th century in response to significant changes in Western culture, including secularization and the growing influence of science. It is characterized by a self-conscious rejection of tradition and the search for newer means of cultural expressions, cultural expression. Modernism was influenced by widespread technological innovation, industrialization, and urbanization, as well as the cul ...
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Dexia
Dexia N.V./S.A., or the Dexia Group, is a Franco-Belgian financial institution formed in 1996. At its peak in 2010, it had about 35,200 members of staff and a core shareholders' equity of €19.2 billion. In 2008, the bank entered severe financial difficulties and received taxpayer bailouts for €6 billion, and it became the first big casualty of the 2011 European sovereign debt crisis. Due to big losses, suffered among others from the debt haircut on Greek government bonds, and an orderly resolution process began in October 2011. As part of the resolution, Dexia Bank Belgium was bought out from the Dexia group by the Belgian state and has continued to operate, since March 2012 under the new name Belfius. The French bank focused on local government lending was restructured as SFIL. The remaining part of the Dexia group was left in a "bad bank", still called Dexia, to be gradually wound down. Profile In the 2010 Fortune Global 500 (which lists companies by ...
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Fortis Group
Fortis N.V./S.A., was a Benelux-centered global financial services group active in insurance, banking and investment management, initially formed in 1990 by a three-way Belgian-Dutch merger and headquartered in Brussels. It grew rapidly through multiple acquisitions, and in 2007 was the 20th largest financial services business in the world by revenue. It was listed on the Euronext Brussels, Euronext Amsterdam, and Luxembourg stock exchanges. Fortis encountered severe problems in the 2008 financial crisis, not least as a consequence of participating in 2007 in the joint acquisition of ABN AMRO together with Royal Bank of Scotland Group and Banco Santander. It received an emergency bailout from the governments of Belgium and the Netherlands and was broken up soon thereafter. As a consequence: * Fortis Bank Nederland was nationalised by the Dutch government and merged in July 2010 with ABN AMRO's former Dutch operations, which had not yet been integrated with Fortis following the ...
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