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Lombard Banking
Lombard banking refers to the business of Italian moneylenders generally referred to as "Lombards" (in medieval times Northern Italy was referred as Lombardy, a much larger region than the modern Lombardy). The term was often used in a derogatory sense, as Lombard banking was associated with the sin of usury. History Lombard lenders became active throughout Western Europe in the 13th and 14th centuries, emigrating from major merchant centers in Tuscany such as Florence, Lucca and Siena, and in Northern Italy such as Milan or Genoa but also from smaller cities such as Asti in Piedmont. They often displaced the French Cahorsins, even though there is much confusion in documentary sources between the two communities. In some regional contexts, the two words "Lombard" and "Cahorsin" were used interchangeably until the latter gradually fell into disuse from the 14th century. A Catholic prohibition on profit from money without working made most forms of lending sinful. Pope Leo I forba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Compiègne Rue Des Lombards
Compiègne (; ) is a Communes of France, commune in the Oise Departments of France, department of northern France. It is located on the river Oise (river), Oise, and its inhabitants are called ''Compiégnois'' (). Administration Compiègne is the seat of two canton in France, cantons: * Canton of Compiègne-1, Compiègne-1 (with 19 communes and part of Compiègne) * Canton of Compiègne-2, Compiègne-2 (with 16 communes and part of Compiègne) History by year * 665 - Saint Wilfrid was consecrated Bishop of York. Wilfrid refused to be consecrated in Northumbria at the hands of Anglo-Saxon bishops. Deusdedit of Canterbury, Deusdedit, Archbishop of Canterbury, had died, and as there were no other bishops in Britain whom Wilfrid considered to have been validly consecrated, he travelled to Compiègne, to be consecrated by Agilbert, the Bishop of Paris. * 757 - Byzantine emperor Constantine V sent to Compiègne a gift for Pepin the Short : France's first organ. * 833 - Louis the Pious ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collateral (finance)
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending agreement. The protection that collateral provides generally allows lenders to offer a lower interest rate on loans that have collateral. The reduction in interest rate can be up to several percentage points, depending on the type and value of the collateral. For example, the Annual Percentage Rate (APR) on an unsecured loan is often much higher than on a secured loan or logbook loan. If a borrower defaults on a loan (due to insolvency or another event), that borrower loses the property pledged as collateral, with the lender then becoming the owner of the property. In a typical mortgage loan transaction, for instance, the real estate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lombard Bank
Lombard Bank Malta Plc is one of Malta's major banks, together with Bank of Valletta, HSBC Bank Malta and APS Bank. The Government of Malta through the National Development and Social Fund (NDSF) owns 49.1% of the bank. It acquired these shares from the now defunct Cyprus Popular Bank. Over 1,200 shareholders, and investment funds, hold the remaining shares. The bank has a 71.5% stake in MaltaPost plc., the Maltese national postal operator. Branches The bank operates a network of seven branches in Malta and Gozo, with its head office at Spinola Palace in 67 Republic Street, Valletta. The branches are located in: *Valletta – 67 Republic Street *Sliema – 225 Tower Road *St. Julian's – Paceville Avenue *Qormi – San Bastjan – 82 St Sebastian Street *Qormi – San Gorg – 4 Main Street *Balzan – Balzan Valley * Victoria – Gozo – Ninu Cremona Street A 24-Hour Lombard CashPoint ATM is located in every branch (except Qormi San Gorg) and in other offsite locatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TS Lombard
TS Lombard, formerly known as Lombard Street Research, was a macroeconomic forecasting consultancy firm headquartered in London with offices in New York and Hong Kong. It is a division of GlobalData after being acquired in 2022. Before acquisition it provided research and advisory services to asset managers, hedge funds, pension funds, central banks, private equity funds, investment banks and corporations. History The company was founded as LSR in 1989 by Tim Congdon, a British economist specialising in the monetarist approach to macroeconomic policy. Charles Dumas joined the firm in 1998, to take over the international forecasting service, and became chief economist in 2005. Since 1989, TS Lombard has stated that its aim is to provide global investors with independent, provocative economic analysis and investment advice that challenges the consensus. TS Lombard's forecasting methodology combined Keynesian and monetary economics. It used analysis of money supply, sector finan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lombard North Central
Lombard North Central, trading as Lombard, is a finance company specialising in asset based lending. It is one of the largest finance houses in the United Kingdom and part of the ring-fenced business of NatWest Group. The company started life hiring out rolling stock to the railways in 1861. History Foundation as railway wagon leasing company The North Central Wagon Co was set up in Rotherham, West Riding of Yorkshire, in 1861. A group of astute investors see the business possibilities in leasing wagons to local railway companies, collieries and quarries. A black diamond representing a lump of coal was adopted as the company's symbol. By 1900, nearly 25,000 railway wagons were on hire. After the First World War, the company began to move into financing road transport. Prudential Assurance buys the company In 1928, Prudential Assurance Company and the financier Connop Guthrie bought out the company, seeing huge potential. Prudential remained a major shareholder for the next t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Bond
A government bond or sovereign bond is a form of Bond (finance), bond issued by a government to support government spending, public spending. It generally includes a commitment to pay periodic interest, called Coupon (finance), coupon payments'','' and to repay the face value on the Maturity (finance), maturity date. For example, a bondholder invests $20,000, called face value or principal, into a 10-year government bond with a 10% annual coupon; the government would pay the bondholder 10% interest ($2000 in this case) each year and repay the $20,000 original face value at the date of maturity (i.e. after 10 years). Government bonds can be denominated in a foreign currency or the government's domestic currency. Countries with less stable economies tend to denominate their bonds in the currency of a country with a more stable economy (i.e. a hard currency). All government bonds carry Default (finance), default risk; that is, the possibility that the government will be unable to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Many central banks also have supervisory or regulatory powers to ensure the stability of commercial banks in their jurisdiction, to prevent bank runs, and, in some cases, to enforce policies on financial consumer protection, and against bank fraud, money laundering, or terrorism financing. Central banks play a crucial role in macroeconomic forecasting, which is essential for guiding monetary policy decisions, especially during times of economic turbulence. Central banks in most developed nations are usually set up to be institutionally independent from political interference, even though governments typically have governance rights over them, legislative bodies exercise scrutiny, and central banks frequently do show resp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lombard Credit
Lombard credit (or lombard loan) is a form of short-term secured lending, characterized by the practice of providing loans against movable collateral, today mostly in the form of account balances, securities or life insurance policies. Correspondingly, the lombard rate is a central bank lending rate charged to commercial banks for short-term loans with securities pledged as collateral. The term derives from the Lombard merchants and bankers from Northern Italy who systematized and expanded these lending techniques in medieval European trade networks, particularly in the regions of Lombardy and Tuscany. In the US, the Lombard rate was set at the top of the Federal Open Market Committee target range for the federal funds rate on March 16, 2020. Etymology The term originally comes from the Lombards, a people who conquered Italy in the 6th century, and settled in the northern region that became known as Lombardy. The wealthy cities in this region were the birthplace of modern ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banking
Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as Middle Africa * Central America, a region in the centre of America continent * Central Asia, a region in the centre of Eurasian continent * Central Australia, a region of the Australian continent * Central Belt, an area in the centre of Scotland * Central Europe, a region of the European continent * Central London, the centre of London * Central Region (other) * Central United States, a region of the United States of America Specific locations Countries * Central African Republic, a country in Africa States and provinces * Blue Nile (state) or Central, a state in Sudan * Central Department, Paraguay * Central Province (Kenya) * Central Province (Papua New Guinea) * Central Province (Solomon Islands) * Central Province, Sr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lombard Street, London-geograph-4123310-by-Oast-House-Archive
The term Lombard refers to people or things related to Lombardy, a region in northern Italy. History and culture * Lombards, a Germanic tribe * Lombardic language, the Germanic language spoken by the Lombards * Lombards of Sicily, a linguistic minority living in Sicily, southern Italy * Lombard League, a medieval alliance of some 30 cities in Northern Italy * Lombard language, a Gallo-Italic language spoken in Northern Italy and southern Switzerland ** Old Lombard, the form of the Lombard language from the 13th and 14th centuries * Lombardic capitals, a decorative lettering style originally used in medieval manuscripts Businesses * ICICI Lombard, an insurance company in India * Le Lombard (or Editions Lombard), a Belgian comic book publisher * Lombard Bank, a bank in Malta * Lombard North Central, a finance house in the United Kingdom Places ;France * Lombard, Doubs, a commune of the Doubs ''département'' * Lombard, Jura, a commune of the Jura ''département'' ;Unite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quaker
Quakers are people who belong to the Religious Society of Friends, a historically Protestant Christian set of denominations. Members refer to each other as Friends after in the Bible, and originally, others referred to them as Quakers because the founder of the movement, George Fox, told a judge to "quake before the authority of God". The Friends are generally united by a belief in each human's ability to be guided by the inward light to "make the witness of God" known to everyone. Quakers have traditionally professed a priesthood of all believers inspired by the First Epistle of Peter. They include those with evangelical, holiness, liberal, and traditional Quaker understandings of Christianity, as well as Nontheist Quakers. To differing extents, the Friends avoid creeds and hierarchical structures. In 2017, there were an estimated 377,557 adult Quakers, 49% of them in Africa followed by 22% in North America. Some 89% of Quakers worldwide belong to ''evangelical'' a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Protestant Reformation
The Reformation, also known as the Protestant Reformation or the European Reformation, was a time of major theological movement in Western Christianity in 16th-century Europe that posed a religious and political challenge to the papacy and the authority of the Catholic Church. Towards the end of the Renaissance, the Reformation marked the beginning of Protestantism. It is considered one of the events that signified the end of the Middle Ages and the beginning of the early modern period in Europe. The Reformation is usually dated from Martin Luther's publication of the '' Ninety-five Theses'' in 1517, which gave birth to Lutheranism. Prior to Martin Luther and other Protestant Reformers, there were earlier reform movements within Western Christianity. The end of the Reformation era is disputed among modern scholars. In general, the Reformers argued that justification was based on faith in Jesus alone and not both faith and good works, as in the Catholic view. In the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
