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Rural And Industries Bank Of Western Australia
Bankwest is an Australian bank based in Perth, Western Australia. It was founded as the Agricultural Bank of Western Australia in 1895 by the Government of Western Australia being renamed the Rural and Industries Bank in 1944, and Bankwest in 1994 before being privatised. After a period of being a listed company on the Australian Securities Exchange, it was taken over by the Bank of Scotland, and since 2008 has been a subsidiary of the Commonwealth Bank. Having expanded into the Eastern states in the 1980s, it closed the last of these branches in October 2022. The remaining 60 branches in Western Australia will be closed by the end of 2024 with 15 being converted to Commonwealth Bank branches. Bankwest will then become an online bank only. History Agricultural Bank era In 1895, the Government of Western Australia established the Agricultural Bank of Western Australia as a rural lender to support the state's farming industries. Despite its name, it was not a bank, as it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
108 St Georges Terrace
108 St Georges Terrace, also Palace Tower and formerly the South32 Tower, Bankwest Tower, Bond Tower, and R&I Tower, is a fifty-storey office building in Perth, Western Australia. The project was initiated in 1981 and completed in 1988, and the building measures to its roof and to the tip of its communications antenna. Upon completion, it was Perth's tallest building until Central Park surpassed it in 1992. It is the third-tallest building in Perth. The tower, designed by the architect firm Cameron Chisholm Nicol, features a triangular cross-section and stepped front to maximise natural light and corner offices. Extensive testing ensured the building's resilience to extreme weather conditions. The completed building rests upon 43 belled concrete and steel piles, with a sixteen-metre-deep basement featuring a diaphragm wall to prevent water ingress. The site occupied by the tower was previously the location of the Palace Hotel. There was organised opposition to save the h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canberra Times
''The Canberra Times'' is a daily newspaper in Canberra, Australia, which is published by Australian Community Media. It was founded in 1926, and has changed ownership and format several times. History ''The Canberra Times'' was launched in 1926 by Thomas Shakespeare along with his oldest son Arthur Shakespeare and two younger sons Christopher and James. The newspaper's headquarters were originally located in the Civic retail precinct, in Cooyong Street and Mort Street, in blocks bought by Thomas Shakespeare in the first sale of Canberra leases in 1924. The newspaper's first issue was published on 3 September 1926. It was the second paper to be printed in the city, the first being '' The Federal Capital Pioneer''. Between September 1926 and February 1928, the newspaper was a weekly issue. The first daily issue was 28 February 1928. In June 1956, ''The Canberra Times'' converted from broadsheet to tabloid format. Arthur Shakespeare sold the paper to John Fairfax ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bailout
A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy. A bailout differs from the term ''bail-in'' (coined in 2010) under which the bondholders or depositors of global systemically important financial institutions (G-SIFIs) are forced to participate in the recapitalization process but taxpayers are not. Some governments also have the power to participate in the insolvency process; for instance, the U.S. government intervened in the General Motors bailout of 2009–2013. A bailout can, but does not necessarily, avoid an insolvency process. The term ''bailout'' is maritime in origin and describes the act of removing water from a sinking vessel using a bucket. Overview A bailout could be done for profit motives, such as when a new investor resurrects a floundering company by buying its shares at firesale prices, or for social objectives, such as when, hypothetically speaking, a wealthy philanthropist reinvent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Teachers' Credit Society
The Teachers' Credit Society (TCS) was a credit union founded in 1971 best known for its part in the WA Inc scandal of 1987. Over the 16 years it operated, the TCS grew from a 300-member society into the largest credit union in Australia, with 40,000 members and A$550 million on deposit and millions out on loans. The TCS was considered one of the major driving forces behind the 1980s "debt-funded boom" in Western Australia (WA) and its collapse, along with the collapse of several other large corporations within WA such as Qintex, Bond Corporation and The Bell Group, triggered an economic recession in the state. Role in WA Inc By the 1980s, TCS was already one of Australia's largest credit unions, however they grew rapidly during the economic liberalisation and deregulation of the Australian economy under the Hawke government. With the repeal of section 54-57 of the ''Credit Unions Act 1979'' in 1984, the society was permitted to offer commercial loans. Previously credit union ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of Australia
The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the ''Reserve Bank Act 1959'' removed the central banking functions from the Commonwealth Bank. The bank's main policy role is to control inflation levels within a target range of 2–3%, by controlling the unemployment rate according to the 'non-accelerating inflation rate of unemployment' (NAIRU) by controlling the official cash rate. The NAIRU was implemented in most western nations after 1975, and has been maintained at a target of 5–6% unemployment. The average unemployment rate in Australia between the end of the Second World War and the implementation of the NAIRU was consistently between 1 and 2%. Since the implementation of the NAIRU, the average unemployment rate in Australia has been close to 6%. The RBA also provides services to the Government of Australia and services to other central banks and official institutions. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sydney
Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about 80 km (50 mi) from the Pacific Ocean in the east to the Blue Mountains (New South Wales), Blue Mountains in the west, and about 80 km (50 mi) from Ku-ring-gai Chase National Park and the Hawkesbury River in the north and north-west, to the Royal National Park and Macarthur, New South Wales, Macarthur in the south and south-west. Greater Sydney consists of 658 suburbs, spread across 33 local government areas. Residents of the city are colloquially known as "Sydneysiders". The estimated population in June 2024 was 5,557,233, which is about 66% of the state's population. Estimated resident population, 30 June 2017. The city's nicknames include the Emerald City and the Harbour City. There is ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barrack Street, Perth
Barrack Street is one of two major cross-streets in the Perth central business district, central business district of Perth, Western Australia. Together with St Georges Terrace, Wellington Street, Perth, Wellington Street and William Street, Perth, William Street it defines the boundary of the main shopping precinct of the central city. Route description Barrack Street commences at Barrack Street Jetty, and the adjacent Barrack Square. Moving in an uphill direction away from the Swan River (Western Australia), Swan River, it passes alongside the Supreme Court Gardens, Perth, Supreme Court Gardens and the Stirling Gardens. Crossing St Georges Terrace, Barrack Street then passes alongside the heritage-listed Treasury Buildings, Perth, Treasury Buildings and the Perth Town Hall. The town hall location was regularly utilised for special occasions, including the Royal visits to Australia#Early 20th century (1901–1950), royal visit in 1901, and the centenary of Western Australia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank
A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks have mostly existed as a separate category in Europe. Savings banks originated in late-18th century Europe as a development of the Enlightenment, and became a Europe-wide phenomenon in the first half of the 19th century. The trajectories of savings bank systems then diverged across European nations, variously leading to the formation of integrated banking groups, cohesive national networks, conversion into cooperative banking or commercial banking entities, and/or piecemeal consolidation with other credit institutions. In most countries, the surviving savings banks have private-sector status and no longer operate under a distinctive legislative framework; significant exceptions include Germany and Luxembourg, where savings banks are public ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hay Street, Perth
Hay Street is a major road through the Perth central business district, Western Australia and adjacent suburbs. The street was named after Robert William Hay, Robert Hay, the Under-Secretary of State for the Colonies, Permanent Under Secretary for Colonies. Sections of the road were called Howick Street and Twiss Street until 1897. One block in the central business section is now a pedestrian mall with extremely limited vehicular traffic, so that it is necessary to make a significant detour in order to drive the entire length of Hay Street. Route description Orientated east-west, the road starts at The Causeway travelling west through the suburbs of East Perth, Perth central business district, Perth, West Perth, Western Australia, West Perth, and Subiaco, Western Australia, Subiaco, where the road originally terminated at Subiaco. Unusually, the street numbers reset to 1 when Hay Street crosses Thomas Street, Perth, Thomas Street and enters Subiaco. A subway under the Eastern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UWA Press
UWA Publishing, formerly known as the Text Books Board and then University of Western Australia Press, is a Western Australian publisher established in 1935 by the University of Western Australia. It produces a range of non-fiction and fiction titles. Background and establishment Australia's first scholarly publisher was Melbourne University Press, established in 1922. The University of Queensland proposed an Australia-wide university press at the 1932 Universities Conference, but the Melbourne press did not support this idea. University students' ongoing difficulties with obtaining textbooks were common at the time, and the Australian universities had different ways of addressing the issue. During the 1920s, the University of Western Australia (UWA) appointed several booksellers, who each reported that selling textbooks was not commercially viable due to low student numbers (in 1935, UWA had 787 students, compared to 3,497 at Melbourne and 1,090 at Queensland). UWA's vice-cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
