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Gold Fixing
The London Gold Fixing (or Gold Fix) is the setting of the price of gold that takes place via a dedicated conference line. It was formerly held on the London premises of Nathan Mayer Rothschild & Sons by the members of The London Gold Market Fixing Ltd. The benchmark is determined twice each business day of the London bullion market (the exceptions to this being Christmas Eve and New Year's Eve when there is only one fixing in the morning). It is designed to fix a price for settling contracts between members of the London bullion market, but the gold fixing informally provides a recognized rate that is used as a benchmark for pricing the majority of gold products and derivatives throughout the world's markets. The LBMA gold price is set twice every business day at 10:30AM and 3:00PM, London time, in United States dollars (USD). Prices are available in sixteen other currencies—including British pounds, Canadian dollars, Chinese renminbi, and euros—but they are indicative pri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactivity (chemistry), reactive chemical elements, being the second-lowest in the reactivity series. It is solid under standard temperature and pressure, standard conditions. Gold often occurs in free elemental (native state (metallurgy), native state), as gold nugget, nuggets or grains, in rock (geology), rocks, vein (geology), veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC Bank USA
HSBC Bank USA, National Association, an American subsidiary of the British banking group HSBC, is a bank with its operational head office in New York City and its nominal head office in Tysons, Virginia (as designated on its charter). HSBC Bank USA, N.A. is a national bank chartered under the National Bank Act, and thus is regulated by the Office of the Comptroller of the Currency (OCC), a part of the U.S. Department of the Treasury. Although this company was established in 1850 as Marine Midland Bank, its presence dates to 1865 when HSBC entered into the American market by opening an office in San Francisco before becoming a branch in 1875. Through multiple expansions nationwide and the full acquisition of Marine Midland in 1987, the company adopted its current HSBC USA name in 1999. The company has 22 branch locations, down from the previous 148 before divesting its retail banking business to Citizens Financial Group, Cathay Bank and KeyBank in 2021. History Beginning ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Order 6102
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding (economics), hoarding of gold coin, gold bar, gold bullion, and Gold certificate (United States), gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Relief Act in March 1933. At the time and in the years that followed, this policy was highly controversial and faced criticism from those who asserted it was "completely immoral" and "a flagrant violation of the solemn promises made in the Gold Standard Act, Gold Standard Act of 1900" and promises made to purchasers of Liberty and Victory Loans during World War I. The critics also claimed this Executive Order would lead to an inflation of supply of credit and currency, which would cause a fraudulent economic boom which would inevitably bust and result in a depression. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Troy Ounce
Troy weight is a system of units of mass that originated in the Kingdom of England in the 15th century and is primarily used in the precious metals industry. The troy weight units are the grain, the pennyweight (24 grains), the troy ounce (20 pennyweights), and the troy pound (12 troy ounces). The troy grain is equal to the grain unit of the avoirdupois system, but the troy ounce is heavier than the avoirdupois ounce, and the troy pound is lighter than the avoirdupois pound. Legally, one troy ounce (oz t) equals exactly 31.1034768 grams. Etymology Troy weight is generally supposed to take its name from the French market town of Troyes where English merchants traded at least as early as the early 9th century. The name ''troy'' is first attested in 1390, describing the weight of a platter, in an account of the travels in Europe of the Earl of Derby. Charles Moore Watson (1844–1916) proposes an alternative etymology: ''The Assize of Weights and Measures'' (also known as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharps Wilkins
Sharps Pixley was a British bullion house. It was formed in 1957 when two private bullion partnerships merged: Sharps Wilkins, founded in 1740, and Pixley & Abell, founded in 1852. It was one of the five firms that met twice daily for the London Gold Fixing, the others being N. M. Rothschild & Sons, Johnson Matthey, Mocatta & Goldsmid, and Samuel Montagu & Co. Sharps Pixley was bought by Kleinwort Benson in 1966, largely at the behest of the Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one .... References {{reflist, refs= William M. Clarke, George Pulay (2012)''The World's Money'' Abingdon: Routledge. {{ISBN, 9781136271434. Jehanne Wake (1997)''Kleinwort, Benson: The History of Two Families in Banking'' Oxford: Oxford University Press. {{ISBN, 9780198282990. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samuel Montagu & Co
Samuel is a figure who, in the narratives of the Hebrew Bible, plays a key role in the transition from the biblical judges to the Kingdom of Israel (united monarchy), United Kingdom of Israel under Saul, and again in the monarchy's transition from Saul to David. He is Veneration, venerated as a prophet in Judaism, Christianity, and Islam. In addition to his role in the Bible, Samuel is mentioned in Jewish rabbinic literature, rabbinical literature, in the Christian New Testament, and in the second chapter of the Quran (although the text does not mention him by name). He is also treated in the fifth through seventh books of ''Antiquities of the Jews'', written by the Jewish scholar Josephus in the first century. He is first called "the Seer" in Books of Samuel, 1 Samuel 9:9. Biblical account Family Samuel's mother was Hannah (biblical figure), Hannah and his father was Elkanah. Elkanah lived at Ramathaim-Zophim, Ramathaim in the district of Zuph. His genealogy is also found in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pixley & Abell
Sharps Pixley was a British bullion house. It was formed in 1957 when two private bullion partnerships merged: Sharps Wilkins, founded in 1740, and Pixley & Abell, founded in 1852. It was one of the five firms that met twice daily for the London Gold Fixing, the others being N. M. Rothschild & Sons, Johnson Matthey, Mocatta & Goldsmid, and Samuel Montagu & Co. Sharps Pixley was bought by Kleinwort Benson in 1966, largely at the behest of the Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one .... References {{reflist, refs= William M. Clarke, George Pulay (2012)''The World's Money'' Abingdon: Routledge. {{ISBN, 9781136271434. Jehanne Wake (1997)''Kleinwort, Benson: The History of Two Families in Banking'' Oxford: Oxford University Press. {{ISBN, 9780198282990. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mocatta & Goldsmid
ScotiaMocatta, originally founded as Mocatta Bullion in 1684, was a precious metal and base metal trading company that operated as the metals trading division of the Bank of Nova Scotia (Scotiabank) from 1997 until January 2019. Business ScotiaMocatta was one of the ten market-making members of the London Bullion Market Association. They were participants in the London gold fixing. Their organization had a history of 340 years, and was the only original member of the London Gold and Silver fixes to maintain seats in both associations. After the dissolution of ScotiaMocatta, Scotiabank holds those memberships. History ScotiaMocatta was formed by Scotiabank's acquisition of Mocatta Bullion from Standard Chartered Bank in 1997. They acquired it from Hambros Bank in 1973. The company dates back to Moses Mocatta, who immigrated from Amsterdam to London where, in 1671, he established a shop for gold, silver, and diamonds, then opened an account with the English goldsmith-bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toronto-Dominion Bank
Toronto-Dominion Bank (), doing business as TD Bank Group (), is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank was created on February 1, 1955, through the merger of the Bank of Toronto and the Dominion Bank, which were founded in 1855 and 1869, respectively. It is one of two Big Five banks of Canada founded in Toronto, the other being the Canadian Imperial Bank of Commerce. In 2021, according to Standard & Poor's, TD Bank Group was the largest bank in Canada by total assets and also by market capitalization, a top 10 bank in North America, and the 23rd largest bank in the world. In 2019, it was designated a global systemically important bank by the Financial Stability Board. In 2023, the company was ranked 43rd in the Forbes Global 2000. The bank and its subsidiaries have over 89,000 employees and over 26million clients worldwide. In Canada, the bank operates through its TD Canada Trust division and serve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scotiabank
The Bank of Nova Scotia (), operating as Scotiabank (), is a Canadian multinational corporation, multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five (banks), Big Five banks, it is the third-largest Canadian bank by deposits and market capitalization. In 2023, the company's seat in Forbes Global 2000 was 88. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 89,000 employees and assets of CA$1,399 billion as of April 30, 2024 (according to Q2-2024 Report to Shareholders), Scotiabank trades on the Toronto () and New York () exchanges. The Scotiabank SWIFT#Standards, swift code is NOSCCATT and the institution number is 002. Scotiabank was founded in 1832 in Halifax, Nova Scotia, where it was headquartered until relocating to Toronto in 1900. Scotiabank has billed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Chartered
Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East. Standard Chartered has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on the Hong Kong Stock Exchange, the National Stock Exchange of India, and OTC Markets Group Pink. Its largest shareholder is the Government of Singapore-owned Temasek Holdings. The Financial Stability Board considers it a systemically important bank. Maria Ramos is the group chair of Standard Chartered. Bill Winters is the current group chief executive. Diego De Giorgi is the current group chief financial officer. Name The name Standard Chartered comes from the names of the two banks that merged in 1969 to crea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morgan Stanley
Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue and in the same year ranked #30 in Forbes Global 2000. The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act, which required the splitting of American commercial and investment banking businesses. In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The current Morgan Stanley is the result of the merger of the origi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
