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Dunfermline Building Society
The Dunfermline Building Society was a building society and later a trading division of Nationwide Building Society, based in Dunfermline, Scotland. Before its 2009 merger with Nationwide, it was the largest building society in Scotland and the 12th largest in the United Kingdom based on total assets of £3.3 billion at 31 December 2007. It was a member of the Building Societies Association. On 28 March 2009, reports indicated the Society was no longer viable, and would be put up for public sale, to be managed by the Bank of England. This process led to acquisition of the Society's branches, good loans and deposits by the Nationwide Building Society with the Bank of England assuming control of £1bn in commercial lending and the Society's poorer-quality and shared ownership mortgages. The Dunfermline was fully integrated into Nationwide in June 2014. History The Dunfermline was established in 1869 in the town of Dunfermline from which it took its name. It expanded throughout ...
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Building Society
A building society is a financial institution owned by its members as a mutual organization, which offers banking institution, banking and related financial services, especially savings and mortgage loan, mortgage lending. They exist in the United Kingdom, Australia and New Zealand, and formerly in Ireland and several Commonwealth countries, including South Africa as mutual banks. They are similar to credit unions, but rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Kingdom of Great Britain, Great Britain from cooperative banking, cooperative savings groups. In the United Kingdom, bu ...
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Financial Services Authority
The Financial Services Authority (FSA) was a quasi-judicial body accountable for the regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board (SIB) in 1985. Its board was appointed by the Treasury, although it operated independently of government. It was structured as a company limited by guarantee and was funded entirely by fees charged to the financial services industry. Due to perceived regulatory failure of the banks during the 2008 financial crisis, the UK government decided to restructure financial regulation and abolish the FSA. On 19 December 2012, the Financial Services Act 2012 received royal assent, abolishing the FSA with effect from 1 April 2013. Its responsibilities were then split between two new agencies: the Financial Conduct Authority and the Prudential Regulation Authority of the Bank of England. Until its abolition, Lord Turner of Ecchinswell was the FSA's chairman an ...
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Scottish Brands
Scottish usually refers to something of, from, or related to Scotland, including: *Scottish Gaelic, a Celtic Goidelic language of the Indo-European language family native to Scotland *Scottish English *Scottish national identity, the Scottish identity and common culture *Scottish people, a nation and ethnic group native to Scotland * Scots language, a West Germanic language spoken in lowland Scotland * Symphony No. 3 (Mendelssohn), a symphony by Felix Mendelssohn known as ''the Scottish'' See also *Scotch (other) *Scotland (other) *Scots (other) *Scottian (other) *Schottische The schottische is a partnered country dance that apparently originated in Bohemia. It was popular in Victorian-era ballrooms as a part of the Bohemian folk-dance craze and left its traces in folk music of countries such as Argentina (Spanish ... * {{disambiguation Language and nationality disambiguation pages ca:Escocès ...
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Companies Based In Fife
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and 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 duties according to the publicly declared incorporation pu ...
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19th Century In Scotland
The recorded history of Scotland begins with the Scotland during the Roman Empire, arrival of the Roman Empire in the 1st century, when the Roman province, province of Roman Britain, Britannia reached as far north as the Antonine Wall. North of this was Caledonia, inhabited by the ''Picti'', whose uprisings forced Rome's legions back to Hadrian's Wall. As Rome finally Roman withdrawal from Britain, withdrew from Britain, a Gaels, Gaelic tribe from Ireland called the ''Scoti'' began colonising Western Scotland and Wales. Before Roman times, prehistoric Scotland entered the Neolithic Era about 4000 BC, the Bronze Age about 2000 BC, and the Iron Age around 700 BC. The Gaelic kingdom of Dál Riata was founded on the west coast of Scotland in the Scotland in the Early Middle Ages, 6th century. In the following century, History of Christianity in Ireland, Irish missionaries introduced the previously Pictish religion, pagan Picts to Celtic Christianity. Following S ...
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1869 Establishments In Scotland
Events January * January 3 – Abdur Rahman Khan is defeated at Tinah Khan, and exiled from Afghanistan. * January 5 – Scotland's second oldest professional football team, Kilmarnock F.C., is founded. * January 20 – Elizabeth Cady Stanton is the first woman to testify before the United States Congress. * January 21 – The P.E.O. Sisterhood, a philanthropic educational organization for women, is founded at Iowa Wesleyan College in Mount Pleasant, Iowa. * January 27 – The Republic of Ezo is proclaimed on the northern Japanese island of Ezo (which will be renamed Hokkaidō on September 20) by remaining adherents to the Tokugawa shogunate. February * February 5 – Prospectors in Moliagul, Victoria, Australia, discover the largest alluvial gold nugget ever found, known as the "Welcome Stranger". * February 20 – Ranavalona II, the Merina Queen of Madagascar, is baptized. * February 25 – The Iron and Steel Institute is formed in London ...
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Financial Services Companies Established In 1869
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and prof ...
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BBC Scotland
BBC Scotland is a division of the BBC and the main public broadcaster in Scotland. Its headquarters are in Glasgow, employing approximately 1,250 staff as of 2017, to produce 15,000 hours of television and radio programming per year. BBC Scotland operates television channels such as the Scottish variant of BBC One, the BBC Scotland channel and the Gaelic-language channel BBC Alba, and radio stations BBC Radio Scotland and Gaelic-language BBC Radio nan Gàidheal. It is one of the four BBC national broadcasters, together with the BBC English Regions, BBC Cymru Wales and BBC Northern Ireland. Some £320 million of licence fee revenue is raised in Scotland, with expenditure on purely local content set to stand at £86 million by 2016–2017. The remainder of licence fee revenue raised in the country is spent on networked programmes shown throughout the UK, with BBC Scotland producing over 880 hours worth of programming for UK–wide broadcast on BBC One, BBC Two, BB ...
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HM Treasury
His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, Tax system, taxation, Infrastructure, state infrastructure, and economic growth. It is led by the Chancellor of the Exchequer, chancellor of the exchequer, currently Rachel Reeves since 5 July 2024. The Treasury's main offices are located in London and Darlington, with additional offices in Edinburgh and Norwich. It is one of the smallest government departments in terms of staff numbers, but widely considered the most powerful. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was sto ...
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Dunfermline Building Society - Geograph
Dunfermline (; , ) is a city, parish, and former royal burgh in Fife, Scotland, from the northern shore of the Firth of Forth. Dunfermline was the de facto capital of the Kingdom of Scotland between the 11th and 15th centuries. The earliest known settlements around Dunfermline probably date to the Neolithic period, growing by the Bronze Age. The city was first recorded in the 11th century, with the marriage of Malcolm III of Scotland, and Saint Margaret at Dunfermline. As Queen consort, Margaret established a church dedicated to the Holy Trinity, which evolved into Dunfermline Abbey under their son David I in 1128, and became firmly established as a prosperous royal mausoleum for the Scottish Crown. A total of eighteen royals, including seven Kings, were buried here between 1093 and 1420 including Robert the Bruce in 1329. By the 18th century, Dunfermline became a regional economic powerhouse with the introduction of the linen industry, and produced industrialists including ...
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Mutual Organization
A mutual organization, also mutual society or simply mutual, is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a cooperative, members usually do not directly contribute to the capital of the organization, but derive their right to profits and votes through their customer relationship. A mutual exists with the purpose of raising funds from its membership or customers (collectively called its ''members''), which can then be used to provide common services to all members of the organization or society. A mutual is therefore owned by, and run for the benefit of, its members – it has no external shareholders to pay in the form of dividends, and as such does not usually seek to maximize and make large profits or capital gains. Mutuals exist for the members to benefit from the services they provide and often do not pay income tax. Surplus revenue made will usually be re-invested in the ...
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BBC News Online
BBC News Online is the website of BBC News, the division of the BBC responsible for newsgathering and production. It is one of the most popular news websites, with 1.2 billion website visits in April 2021, as well as being used by 60% of the UK's internet users for news. The website contains international news coverage, as well as British, entertainment, science, and political news. Many reports are accompanied by audio and video from the BBC's BBC Television, television and BBC Radio, radio news services, while the latest TV and radio bulletins are also available to view or listen to on the site together with other current affairs programmes. BBC News Online is closely linked to its sister department website, that of BBC Sport. Both sites follow similar layout and content options and respective journalists work alongside each other. Location information provided by users is also shared with the website of BBC Weather to provide local content. From 1998 to 2001 the site was n ...
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