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Caja De Ahorros Del Mediterráneo (CAM)
''Caja de Ahorros del Mediterráneo'' (CAM; Mediterranean Savings Bank) was a Spanish savings bank in Alicante, Valencia. The savings bank failed with the burst of the property bubble on Spain's Mediterranean coast. In the first nine months of 2011 it had lost €1.7 billion and the bad loans ratio had reached 20.8 per cent.Sabadell takes gamble on stricken CAM by Miles Johnson, , Dec 7, 2011 In December 2011, it was sold to for one euro. History CAM was the re ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank
A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks have mostly existed as a separate category in Europe. Savings banks originated in late-18th century Europe as a development of the Enlightenment, and became a Europe-wide phenomenon in the first half of the 19th century. The trajectories of savings bank systems then diverged across European nations, variously leading to the formation of integrated banking groups, cohesive national networks, conversion into cooperative banking or commercial banking entities, and/or piecemeal consolidation with other credit institutions. In most countries, the surviving savings banks have private-sector status and no longer operate under a distinctive legislative framework; significant exceptions include Germany and Luxembourg, where savings banks are public ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-profit Organization
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be non-profit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an enti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cartagena, Spain
Cartagena () is a Spanish city belonging to the Region of Murcia. As of January 2018, it has a population of 218,943 inhabitants. The city lies in a natural harbor of the Mediterranean coastline of the southeast of the Iberian Peninsula. Cartagena is the region's second-largest municipality. The wider urban or metropolitan area of Cartagena, known as Campo de Cartagena, has a population of 409,586 inhabitants. Cartagena has been inhabited for over two millennia, being founded around 227 BC by the Carthaginians, Carthaginian military leader Hasdrubal the Fair, Hasdrubal. The city reached its peak under the Hispania, Roman Empire, when it was known as , capital of the province of . Cartagena was temporarily held over by the Byzantine Empire in late antiquity, before being raided by Visigoths circa 620–625. The Islamic city rebuilt around the Concepción Hill, mentioned as , was noted by the 11th century as a great harbor. Unsubmissive to the terms of the Treaty of Alcaraz, Carta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Murcia
Murcia ( , , ) is a city in south-eastern Spain, the Capital (political), capital and most populous city of the autonomous community of the Region of Murcia, and the Ranked lists of Spanish municipalities#By population, seventh largest city in the country. It had a population of 460,349 inhabitants in 2021 (about one-third of the total population of the Region). The total population of the metropolitan area was 672,773 in 2020, covering an urban area of 1,230.9 km2. It is located on the Segura River, in the southeast of the Iberian Peninsula. It has a climate with hot summers, mild winters, and relatively low precipitation. Murcia was founded by Abd ar-Rahman II, Emir of Cordoba, in 825 with the name ''Mursiyah'' (). It is now mainly a services city and a University of Murcia, university town. Highlights for visitors include the Cathedral of Murcia and a number of baroque architecture, baroque buildings, renowned local cuisine, Holy Week procession, works of art by the fa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Orihuela
Orihuela (; ''Corpus Toponímic Valencià''. Acadèmia Valenciana de la Llengua. 2009, València.) is a city and municipality located at the foot of the Sierra de Orihuela mountains in the province of Alicante, Valencian Community, Spain. The city is in one of the only Spanish-speaking areas of the Valencian Community. The city of Orihuela had a population of 33,943 inhabitants at the beginning of 2013. The municipality has an area of 367.19 km2, and stretches all the way down to the Mediterranean coast, west of Torrevieja, and had a total population of 92,000 inhabitants at the beginning of 2013. This includes not only the city of Orihuela, but also the coastal tourist development hub (''urbanización turística'') of Dehesa de Campoamor with 33,277 inhabitants (2013) and a few other villages. The river Segura flows through Orihuela. The city was settled by Romans who called it ''Orcelis'' and subsequently ''Aurariola'' (Latin: "breeze"). History Orihuela is the cap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Novelda
Novelda (, ; ) is a town located in the province of Alicante, Spain. , it has a total population of 27,135 inhabitants. Novelda has important quarries and mines of marble, limestone, silica, clay and gypsum. It is a major centre of the marble industry. It was probably settled by Greeks, although it was controlled by Carthaginians and Romans. Some centuries later it was conquered from the Moors by a son of Ferdinand III of Castile. Places of tourist interest in Novelda include the monastery of ''Santa Maria Magdalena'' (dated from the 19th century), which has a church designed by a disciple of Antoni Gaudí, the Moorish castle of the ''Mola'', with its unique triangular tower, and the Museum of Modernism. This is a well preserved art nouveau house with original artifacts from the 1920s. The house itself is a work of art. The House-Museum is located in a modernist building designed by Pedro Cerdan Martinez (1863-1947) and is now a centre for modernist research and promotion. Ther ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crevillent
Crevillent (; ) is a town and municipality located in the Alicante province, part of the Valencian Community, Spain. It is situated in the ''comarca'' of Baix Vinalopó, and lies at the foot of the hill range known locally as Serra de Crevillent. , it has a total population of 28,609 inhabitants. The terrain is dry, and its main vegetation is composed by carob trees, almond trees, olive trees and ''esparto''. Crevillent is a major producer and exporter of carpets and pomegranates. The town was probably settled by Romans. In 1263, during the period known as ''Reconquista'', James I of Aragon captured the city from the Moors and became a part of the Kingdom of Valencia. The most important tourist places of the city is a museum with works of Mariano Benlliure, a Valencian sculptor. Also remarkable is its '' Moors and Christians'' festival. Many of the agricultural areas, particularly El Realengo, contain ruins of prisons, ovens and torture houses used during Francisco Franc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcoy, Spain
Alcoy (; ; officially: / ) is an industrial and university city, region and Municipalities of Spain, municipality located in the Valencian Community, Spain. The Serpis river crosses the municipal boundary of Alcoy. The local authority reported a population of 61,135 residents in 2018. History The first traces of human presence in the area date to c. 60,000 years ago, when Neanderthal hunters settled here, in a site now called El Salt. A site with rock paintings, dating to c. 10,000/6,500 years ago, has been discovered near la Sarga. From around the mid-3rd millennium BC people started to move from the caves to the plain where cereals were grown, while mountain fortifications were erected (''Mola Alta de Serelles'', ''Mas del Corral'', ''Mas de Menente'', ''El Puig''). After the Roman conquest of the Iberians, several rural villas were built in the area, as well as a necropolis. The town was established in 1256 by James I of Aragon, with the construction of a castle on a strateg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lehman Brothers
Lehman Brothers Inc. ( ) was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, Lehman Brothers filed for Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehman's involvement in the subprime mortgage crisis and its exposure to less liquid assets. Lehman's bankruptcy filing is the largest in US history, having ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luis De Guindos
Luis de Guindos Jurado (born 16 January 1960) is a Spanish politician serving as Vice-President of the European Central Bank since 2018. He previously served as Spain's Minister of Economy, Industry and Competitiveness from 2011 to 2018. Early life and education De Guindos was born in Madrid, Spain, on 16 January 1960. He is a Bachelor of Economics and Business at CUNEF University. Career De Guindos was once the Managing Partner of Advisors AB, secretary of the magazine "Business Information Spanish", and vocal advisor to the Secretary of State for Economy of Spain and Head of Technical Office of the General Secretariat of Commerce. In late 1996, de Guindos was appointed General Director for Economic and Competitiveness. He has served on the board of Renfe between 1997 and 2000 and the Official Credit Institute from 2000 to 2002. In May 2000 was appointed Secretary in General for Economy, and State Industrial Holdings Company. He was Secretary of State for Economic Affairs un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank (Spain)
In Spain, a savings bank ( or informally just ''caja'', , , informally caixa, ) is a financial institution that specializes in accepting savings deposit account, deposits and granting loans. Spanish banks fall into two categories: Privately owned banks (''bancos'') and government owned banks (''cajas''—literally pay office, or pay desk). The original aim was to encourage thrift among the very poor, but they evolved to compete with and rival commercial banks. Over time, most cajas colluded with regional political establishments to create a self-serving system of unscrupulous financing for regional governments provided by politically stuffed savings banks' boards which, in turn, thrived in what has been defined as "a culture of greed, cronyism and political meddling". This system was exposed after the 2008 financial crisis. As a result, out of the 45 cajas in existence in 2007, only two have survived in their initial form. The rest were absorbed by banks, dismantling in effect th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
