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Bergen Bank
Bergen Bank was a Norwegian commercial bank in existence between 1975 and 1990. It was created as a merger between Bergens Privatbank (founded in 1855) and Bergens Kreditbank (founded in 1928) while the bank Kvam Privatbank was acquired in 1979. In 1988 it bought Nevi. Bergen Bank, which was based in Bergen, Norway, merged with Den norske Creditbank in 1990 to form Den norske Bank. It is now part of DnB NOR. Criticism The bank was the target of massive demonstrations in 1976 after three female employees at Per Hestvik & Co in Mo i Rana were fired with the reason that they were members of Kvinnefronten, a women's rights movement. The reason for the firing was that Bergen Bank denied the bank credit Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a de ... if they did not fire the emp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demonstration (people)
A political demonstration is an action by a mass group or collection of groups of people in favor of a political or other cause or people partaking in a protest against a cause of concern; it often consists of walking in a mass march formation and either beginning with or meeting at a designated endpoint, or rally, in order to hear speakers. It is different from mass meeting. Actions such as blockades and sit-ins may also be referred to as demonstrations. Demonstrations can be nonviolent or violent (usually referred to by participants as " militant"), or can begin as nonviolent and turn violent depending on the circumstances. Sometimes riot police or other forms of law enforcement become involved. In some cases, this may be in order to try to prevent the protest from taking place at all. In other cases, it may be to prevent clashes between rival groups, or to prevent a demonstration from spreading and turning into a riot. History The term has been in use since the mid-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 1990
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 anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1975
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] |
Companies Based In Bergen
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Norway
{{Disambiguation ...
Defunct (no longer in use or active) 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 state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit (finance)
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Women's Rights
Women's rights are the rights and entitlements claimed for women and girls worldwide. They formed the basis for the women's rights movement in the 19th century and the feminist movements during the 20th and 21st centuries. In some countries, these rights are institutionalized or supported by law, local custom, and behavior, whereas in others, they are ignored and suppressed. They differ from broader notions of human rights through claims of an inherent historical and traditional bias against the exercise of rights by women and girls, in favor of men and boys.Hosken, Fran P., 'Towards a Definition of Women's Rights' in ''Human Rights Quarterly'', Vol. 3, No. 2. (May 1981), pp. 1–10. Issues commonly associated with notions of women's rights include the right to bodily integrity and autonomy, to be free from sexual violence, to vote, to hold public office, to enter into legal contracts, to have equal rights in family law, to work, to fair wages or equal pay, to have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kvinnefronten
The Women's Front ( no, italic=no, Kvinnefronten) is a Norwegian radical feminist organization founded in 1972. It was historically associated with the now defunct Workers' Communist Party History The organization was founded in 1972 and grew out of the marxist-leninist movement, known as the "M-L movement." It took its name after the historical newspaper named ''Kvinnefronten'' ("the women's front") which had been published by the Communist Party of Norway. The organization also built on women's movements against Norway's membership of the European Economic Community. It was closely associated with the Workers' Communist Party. In the 1990s, it became known through the publication of the Lund Report that the organization had been under observation by the Norwegian Police Security Service, which categorized it as a front organization for the Workers' Communist Party, which the Police Security Service considered to be extremist. During the first part of the 1970s, the organiz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mo I Rana
Mo i Rana () is a city, and the administrative centre of the municipality of Rana, in Nordland county, Norway. It is located in the Helgeland region of Nordland, just south of the Arctic Circle. Some of the city's suburbs include Båsmoen and Ytteren in the north, Selfors in the east, and Åga/ Hauknes/Dalsgrenda in the south. The name "Mo i Rana" (English: ''Mo in Rana'') distinguish it from other places named Mo (including the town of Mosjøen, also located in Helgeland). The city's postal address was "Mo 8600" until 1999, when it was changed to "Mo i Rana 8600". Today, the postal address is "8622 Mo i Rana". The city has a population (2018) of 18,866 and a population density of . This makes it the largest city in Helgeland, and the second largest city (after Bodø) in Nordland county. Name Directly translated, the name ''Mo i Rana'' means "Mo in Rana". The name "Mo" comes from an old farm that was situated near the modern city, and the name of the farm comes from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DnB NOR
DNB ASA (formerly DnB NOR ASA) is Norway's largest financial services group with total combined assets of more than NOK 1.9 trillion and a market capitalisation NOK 164 billion as of 20 May 2016. DNB's head office is located in Oslo. The two largest owners of DNB are the Norwegian Ministry of Trade and Industry (34.0%) and Sparebankstiftelsen DnB NOR (10.0%). The latter was created as a foundation with the sole purpose of owning part of the company. It was created when Gjensidige NOR was made a public limited company to ensure that the companies' customers retained partial ownership of the company. The foundation also can give up to 25% of its received dividend as gifts to charity. Operations The DNB Bank Group is the largest entity in the DNB Group and Norway's largest bank, offering services to the corporate, retail and securities markets and the public sector. Domestically, the group has an investment bank DNB Markets, the finance company Cresco, the real estate agency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
