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Coutts
Coutts & Co. () is a British private bank and wealth manager headquartered in London, England. Founded in 1692, it is the eighth oldest bank in the world. Today, Coutts forms part of NatWest Group's wealth management division. In the Channel Islands and the Isle of Man, Coutts Crown Dependencies operates as a trading name of The Royal Bank of Scotland International Limited. In 2021, Coutts achieved B-Corp status, becoming only the third UK bank to achieve the certification. History In 1692, a young Scots goldsmith-banker named John Campbell of Lundie, Scotland, formed the bank originally as a goldsmith-banker's shop. Lundie opened the new business in the Strand, London, under a sign of the Three Crowns, as was customary in the days before street numbers. Today, the Coutts logo still has the three crowns, and its headquarters is still on the Strand. Campbell died in 1712, leaving the business to members of his family. The dominant force was Campbell's son in law, Geor ...
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Strand, London
The Strand (commonly referred to with a leading "The", but formally without) is a major street in the City of Westminster, Central London. The street, which is part of London's West End Theatre, West End theatreland, runs just over from Trafalgar Square eastwards to Temple Bar, London, Temple Bar, where it becomes Fleet Street in the City of London, and is part of the A4 road (England), A4, a main road running west from central London. The road's name comes from the Old English ''strond'', meaning the beach or edge of a river, as it historically ran alongside the north bank of the River Thames. The river side of the street was home to grand houses, interspersed with slum alleys, between the 12th and 17th centuries. Mansions of historical importance built between the Strand and the river included Essex House (London), Essex House, Arundel House, Somerset House#Old Somerset House, Old Somerset House, Savoy Palace, Durham House (London), Durham House, York House, Strand, York H ...
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Isle Of Man
The Isle of Man ( , also ), or Mann ( ), is a self-governing British Crown Dependency in the Irish Sea, between Great Britain and Ireland. As head of state, Charles III holds the title Lord of Mann and is represented by a Lieutenant Governor. The government of the United Kingdom is responsible for the Isle of Man's military defence and represents it abroad, but the Isle of Man still has a separate international identity. Humans have lived on the island since before 6500 BC. Gaelic cultural influence began in the 5th century AD, when Irish missionaries following the teaching of St Patrick began settling the island, and the Manx language, a branch of the Goidelic languages, emerged. In 627, King Edwin of Northumbria conquered the Isle of Man along with most of Mercia. In the 9th century, Norsemen established the thalassocratic Kingdom of the Isles, which included the Hebrides and the Northern Isles, along with the Isle of Man as the southernmost island. Magnus Bar ...
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Mississippi Company
John Law's Company, founded in 1717 by Scottish economist and financier John Law (economist), John Law, was a joint-stock company that occupies a unique place in French and European monetary history, as it was for a brief moment granted the entire revenue-raising capacity of the French state. It also absorbed all previous French chartered company, chartered colonial companies, even though under Law's leadership its overseas operations remained secondary to its domestic financial activity. In February 1720, the company acquired John Law's Bank, which had been France's first central bank. The experiment was short-lived, and after a stock market collapse of the company's shares in the second half of 1720, the company was placed under government receivership in April 1721. It emerged from that process in 1723 as the French Indies Company, focused on what had been the overseas operations of Law's Company. Name Law's Company was formally known, first, as the ''Compagnie d'Occident'' ...
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Comptroller
A comptroller (pronounced either the same as ''controller'' or as ) is a management-level position responsible for supervising the quality of accountancy, accounting and financial reporting of an organization. A financial comptroller is a senior-level executive who acts as the head of accounting, and oversees the preparation of financial reports, such as balance sheets and income statements. In most Commonwealth of Nations, Commonwealth countries, the auditor general, comptroller general, auditor general, or comptroller and auditor general is the external auditor of the budget execution of the government and of government-owned corporation, government-owned companies. Typically, the independent institution headed by the comptroller general is a member of the International Organization of Supreme Audit Institutions. In American government, the comptroller is effectively the chief financial officer of a public body. In business management, the comptroller is closer to a chief audit ...
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John Law (economist)
John Law (pronounced in French in the traditional approximation of ''Laws'', the colloquial Scottish form of the name; 21 April 1671 – 21 March 1729) was a Scottish-French economist and financier. He rose to power in France where he created a novel financial scheme for French public finances known as Law's System () with two institutions at its core, John Law's Bank and John Law's Company (also known as the Mississippi company), ending in the devastating boom and bust "Mississippi Bubble" of 1720. Born in Scotland, Law was an accomplished gambler with an interest in the rules of probability. After killing a man in a duel and being sentenced to death, he fled to mainland Europe. He read economics and made the acquaintance of Philippe II, Duke of Orléans, who became regent for the juvenile Louis XV of France in 1715. In 1716 Philippe approved Law's plan to create a private bank which would take gold deposits in return for bank notes, loaning out the gold. It was structured as a ...
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Jacobite Rising Of 1715
The Jacobite rising of 1715 ( ; or 'the Fifteen') was the attempt by James Francis Edward Stuart, James Edward Stuart (the Old Pretender) to regain the thrones of Kingdom of England, England, Kingdom of Ireland, Ireland and Kingdom of Scotland, Scotland for the exiled House of Stuart, Stuarts. At Braemar, Aberdeenshire, local landowner the John Erskine, Earl of Mar (1675–1732), Earl of Mar raised the Jacobite standard on 27 August. Aiming to capture Stirling Castle, he was checked by the much-outnumbered Hanoverians, commanded by the John Campbell, 2nd Duke of Argyll, Duke of Argyll, at Sheriffmuir on 13 November. There was no clear result, but the Earl appeared to believe, mistakenly, that he had won the battle, and left the field. After the Jacobite surrender at Battle of Preston (1715), Preston (14 November), the rebellion was over. Background The 1688 Glorious Revolution deposed James II and VII, who was replaced by his Protestant daughter Mary II of England, Mary II a ...
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Three Crowns
Three Crowns () is the national emblem of Sweden, present in the coat of arms of Sweden, and composed of three yellow or Gilding, gilded coronets ordered two above and one below, placed on a blue background. Similar designs are found on a number of other coats of arms or flags. The emblem is often used as a symbol of official State authority by the Monarchy of Sweden, Monarchy, the Riksdag, the Government, Government of Sweden and by List of diplomatic missions of Sweden, Swedish embassies around the world, but also appears in other less formal contexts, such as the Sweden men's national ice hockey team, who wear the symbol on their hockey jersey, sweaters and hence are called "Three Crowns", and atop the Stockholm City Hall (built 1911–1923). The Three Crowns are also used as the roundel on military aircraft of the Swedish Air Force and as a sign on Swedish military equipment in general, and also on the uniforms and vehicles of the Swedish Police Authority. Origins Use ...
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Goldsmith Banker
A goldsmith banker was a business role that emerged in seventeenth century London from the London goldsmiths where they gradually expanded their services to include storage of wealth, providing loans, transferring money and providing bill of exchange, bills of exchange that would lead to the development of cheques. Some of the concepts were brought over from Amsterdam where goldsmiths would provide gold storage and issue chits that started to be used as a means of exchange. The goldsmith banker became a key development in the history of banking that would lead to modern banking. History Their emergence was gradual: exchanging goldsmiths, who dealt in coinage, started to become recognised as carrying out a different activity from a working goldsmith in the 1630s. Prior to that date banking in London was principally carried out by foreigners, generally Italians, Germans, and the Dutch. However this innovation led to an indigenous banking tradition. The seizure of bullion held on sa ...
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Scotland
Scotland is a Countries of the United Kingdom, country that is part of the United Kingdom. It contains nearly one-third of the United Kingdom's land area, consisting of the northern part of the island of Great Britain and more than 790 adjacent Islands of Scotland, islands, principally in the archipelagos of the Hebrides and the Northern Isles. To the south-east, Scotland has its Anglo-Scottish border, only land border, which is long and shared with England; the country is surrounded by the Atlantic Ocean to the north and west, the North Sea to the north-east and east, and the Irish Sea to the south. The population in 2022 was 5,439,842. Edinburgh is the capital and Glasgow is the most populous of the cities of Scotland. The Kingdom of Scotland emerged as an independent sovereign state in the 9th century. In 1603, James VI succeeded to the thrones of Kingdom of England, England and Kingdom of Ireland, Ireland, forming a personal union of the Union of the Crowns, three kingdo ...
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Lundie
Lundie is a parish and small settlement in Angus, Scotland, northwest of Dundee, situated at the head of the Dighty valley in the Sidlaws, off the A923 Dundee Dundee (; ; or , ) is the List of towns and cities in Scotland by population, fourth-largest city in Scotland. The mid-year population estimate for the locality was . It lies within the eastern central Lowlands on the north bank of the Firt ... to Coupar Angus road. The name Lundie probably derives from the Gaelic "lunnd" or "lunndann", meaning "little marsh", although "lon dubh" ("black marsh" or even "linn dei" ("water of God") have also been proposed. Lundie is surrounded by several small lochs, whose size has been reduced in recent times by agricultural drainage, hence largely draining the eponymous marshes. Dorward states that in 1203 Walter of Lundie gave of land to the prior and canons of St Andrews. Lundie Castle, now just a few stones, was probably built in the sixteenth century on a hill to the east. ...
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