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Monte Dei Paschi Di Siena
Banca Monte dei Paschi di Siena S.p.A. (), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 () and established in its present form in 1624 (), it is the world's oldest bank, and the fifth largest Italian commercial and retail bank. In 1995, the bank (then known as Monte dei Paschi di Siena) was transformed from a statutory corporation to a limited company called Banca Monte dei Paschi di Siena (Banca MPS). The Fondazione Monte dei Paschi di Siena was created to continue the charitable functions of the bank and to be, until the bailout in 2013, its largest single shareholder. According to research by Mediobanca and a press release issued by Banco BPM, Banco BPM overtook BMPS as the third largest commercial banking group in Italy (in terms of total assets) on 31 December 2016, after Banco BPM's formal formation on 1 January 2017. In 2016–17, BMPS was struggling to avoid a collapse, and it was bailed out again by the Itali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Corporation
A statutory corporation is a corporation, government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, but they are corporations owned by a government or controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation. Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided). Australia In Australia, statutory corporations are a type of statutory authority created by Acts of state or federal parliaments. A statutory corporation is defined in the federal Department of Finance (Australia), Department of Finance's glossary as a "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e. a statutory authority may also be a statutory corporation). An earlier definition describes a statutory corporation as "a statutory auth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage Loan
A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "collateral (finance), secured" on the borrower's property through a process known as mortgage origination. This means that a Mortgage law, legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Legal professions in England and Wales, Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken throu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unification Of Italy
The unification of Italy ( ), also known as the Risorgimento (; ), was the 19th century Political movement, political and social movement that in 1861 ended in the Proclamation of the Kingdom of Italy, annexation of List of historic states of Italy, various states of the Italian peninsula and its outlying isles to the Kingdom of Sardinia (1720–1861), Kingdom of Sardinia, resulting in the creation of the Kingdom of Italy. Inspired by the rebellions in the 1820s and 1830s against the outcome of the Congress of Vienna, the unification process was precipitated by the Revolutions of 1848, and reached completion in 1870 after the capture of Rome and its designation as the capital of the Kingdom of Italy. Individuals who played a major part in the struggle for unification and liberation from foreign domination included King Victor Emmanuel II of Italy; politician, economist and statesman Camillo Benso, Count of Cavour; general Giuseppe Garibaldi; and journalist and politician Giuse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grand Duke Ferdinando II
Ferdinando II de' Medici (14 July 1610 – 23 May 1670) was grand duke of Tuscany from 1621 to 1670. He was the eldest son of Cosimo II de' Medici and Maria Maddalena of Austria. Remembered by his contemporaries as a man of culture and science, he actively participated in the Accademia del Cimento, the first official scientific society in Italy, formed by his younger brother, Leopoldo de' Medici. His 49-year rule was punctuated by the beginning of Tuscany's long economic decline, which was further exacerbated by his successor, Cosimo III de' Medici. He married Vittoria della Rovere, a first cousin, with whom he had two children who reached adulthood: the aforementioned Cosimo III, and Francesco Maria de' Medici, Duke of Rovere and Montefeltro, a cardinal. Reign Ferdinando was only 10 years of age when his father Cosimo II died. Because he had not yet reached maturity, his mother Maria Maddalena and paternal grandmother, Christina of Lorraine, acted as joint regents. Hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grand Duchy Of Tuscany
The Grand Duchy of Tuscany (; ) was an Italian monarchy located in Central Italy that existed, with interruptions, from 1569 to 1860, replacing the Republic of Florence. The grand duchy's capital was Florence. In the 19th century the population of the Grand Duchy was about 1,815,000 inhabitants. Having brought nearly all Tuscany under his control after conquering the Republic of Siena, Cosimo I de' Medici, Grand Duke of Tuscany, Cosimo I de' Medici, was elevated by a papal bull of Pope Pius V to Grand Duke of Tuscany on 27 August 1569. The Grand Duchy was ruled by the House of Medici until the extinction of its senior branch in 1737. While not as internationally renowned as the old republic, the grand duchy thrived under the Medici and it bore witness to unprecedented economic and military success under Cosimo I and his sons, until the reign of Ferdinando II de' Medici, Grand Duke of Tuscany, Ferdinando II, which saw the beginning of the state's long economic decline. That econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maremma
The Maremma (, ; from Latin , "maritime and) is a geographical region located between Lazio and Tuscany, Central Italy. The biggest city is Grosseto. The region, with a long history, is traditionally populated by the '' butteri'', mounted cattle herders who rode horses fitted with one of two distinctive styles of saddle, the ''scafarda'' and the ''bardella''. Geography The Maremma has an area of about . The central part corresponds with the province of Grosseto, and it extends northward to Cecina, and southwards into Lazio as far as Civitavecchia Civitavecchia (, meaning "ancient town") is a city and major Port, sea port on the Tyrrhenian Sea west-northwest of Rome. Its legal status is a ''comune'' (municipality) of Metropolitan City of Rome Capital, Rome, Lazio. The harbour is formed by .... The territory is mainly flat and hilly. Animal breeds The Maremma has given rise to, or given its name to, several breeds of domestic animal. These include two breeds of worki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Siena
The Republic of Siena (, ) was a historic state consisting of the city of Siena and its surrounding territory in Tuscany, Central Italy. It existed for over 400 years, from 1125 to 1555. During its existence, it gradually expanded throughout southern Tuscany and became one of the major economic powers of the Middle Ages. It was one of the most important commercial, financial and artistic centers in Europe. From 1287 to 1355, during the rule of the Noveschi, the Republic experienced a period of great political and economic splendor: new buildings were commissioned, including that of the Cathedral of Siena, the Palazzo Pubblico, and a substantial part of the city walls completed. This government is in fact defined by historians as the "good governance". A combination of economic decline, sparked by the Black Death, and political instability led to its absorption by the rival Duchy of Florence during the Italian War of 1551–1559. Despite resisting for 18 months, it surrendered on 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks with a balance sheet total of around 7 trillion. The Governing Council of the European Central Bank, ECB Governing Council makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves of EU member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the EU. The Executive Board of the European Central Bank, ECB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The ECB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the EC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Banking Supervision
European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is referred to as ECB Banking Supervision. EU member states outside of the euro area can also participate on a voluntary basis, as was the case of Bulgaria as of late 2023. European Banking Supervision was established by Regulation 1024/2013 of the Council, also known as the SSM Regulation, which also created its central (albeit not ultimate) decision-making body, the ECB Supervisory Board. Under European Banking Supervision, the ECB directly supervises the larger banks that are designated as Significant Institutions. The other banks, known as Less Significant Institutions, are supervised by national bank supervision, banking supervisors ("national competent authorities") under supervisory oversight by the ECB. As of late 2022, the ECB directly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Daytime television in the United States, daytime trading day, and early-evening hours, with the remaining hours (such as weekday prime time and weekends) are filled by business-related Television documentary, documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City. CNBC was originally founded in April 1989 as the Consumer News and Business Channel, a joint venture between NBC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
