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Straumur
ALMC hf., formerly Straumur Investment Bank hf. (), is a regional investment bank headquartered in Reykjavík, Iceland. Founded in 1986 as ''Hlutabréfasjóðurinn'' and rebranded as Straumur in 2004, the bank initially survived the financial turmoil in late 2008 but was nationalised by The Financial Supervisory Authority of Iceland (FME) on 9 March 2009. Straumur was the last of Iceland's four biggest banks to remain independent during the 2008–2011 Icelandic financial crisis. In the summer of 2010, the bank had been rebranded as ALMC and owned by its creditors. The majority of ALMC's owners are international investors and financial institutions and independent from any state involvement. Before the collapse of the Icelandic banking system in late 2008 the company was mainly owned by Björgólfur Guðmundsson and his son Björgólfur Thor Björgólfsson. The latter was also the chairman of the board until the bank was temporarily closed by regulators in March 2009. At one poi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EQ Bank
eQ Bank Abp, founded in 1998, is a Finnish bank specialising in internet brokerage and asset management for retail clients. The parent company of eQ Bank Abp, eQ Corporation, was acquired by Straumur Investment Bank in 2007 for approx 260 million euros. Nordnet bought eQ Bank Abp in May 2009 for 400 million Swedish crowns (approx 37 million euros at the time). The bank was sold 22 May 2007 to Iceland’s Straumur Investment Bank. Finnish finance journal Arvopaperi wrote that now becomes rich persons including the Ehrnrooths, Antti Mäkinen being eQ manager only for 1½ years received about €26 million and Janne Larma by selling the Advium to eQ Bank with a share capital of eQ in 2004 received ca €26 million. Advium does real estate management including e.g. selling of shopping centers, hotels, retail units, car parks and other large building like Itis shopping centre, and Helsinki city properties of Forum block and Kamppi. Customers include Kapiteeli, Sato, Kesko retail, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Ham United
West Ham United Football Club is a professional Association football, football club based in Stratford, London, Stratford, East London, England. The club competes in the Premier League, the top tier of English football league system, English football. The club plays at the London Stadium, having moved from their former home, the Boleyn Ground, in 2016. West Ham United was founded in 1895 as Thames Ironworks F.C., Thames Ironworks and reformed in 1900 as West Ham United. It moved to the Boleyn Ground, which remained its home ground for more than a century, in 1904. The team initially competed in the Southern Football League, Southern League and Western Football League, Western League before joining the English Football League, Football League in 1919. It was promoted to the top flight in 1923, when it was also losing finalist in the first 1923 FA Cup final, FA Cup final held at Wembley Stadium (1923), Wembley. In 1940, the club won the inaugural Football League War Cup. West Ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008–2011 Icelandic Financial Crisis
The Icelandic financial crisis was a major financial crisis, economic and political event in Iceland between 2008 and 2010. It involved the default (finance), default of all three of the country's major privately owned commercial banks in late 2008, following problems in refinancing their current liability, short-term debt and a bank run, run on deposits in the Netherlands and the United Kingdom. Relative to the size of its economy, Iceland's systemic banking collapse was the largest of any country in economic history. The crisis led to a severe recession and the 2009 Icelandic financial crisis protests. In the years preceding the crisis, three Icelandic banks, Kaupthing Bank, Kaupthing, Landsbanki and Glitnir (bank), Glitnir, multiplied in size. This expansion was driven by ready access to credit in international financial markets, in particular money markets. As the 2008 financial crisis unfolded, investors perceived the Icelandic banks to be increasingly risky. Trust in the ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Czech Republic
The Czech Republic, also known as Czechia, and historically known as Bohemia, is a landlocked country in Central Europe. The country is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The Czech Republic has a hilly landscape that covers an area of with a mostly temperate Humid continental climate, continental and oceanic climate. The capital and largest city is Prague; other major cities and urban areas include Brno, Ostrava, Plzeň and Liberec. The Duchy of Bohemia was founded in the late 9th century under Great Moravia. It was formally recognized as an Imperial Estate of the Holy Roman Empire in 1002 and became Kingdom of Bohemia, a kingdom in 1198. Following the Battle of Mohács in 1526, all of the Lands of the Bohemian Crown were gradually integrated into the Habsburg monarchy. Nearly a hundred years later, the Protestantism, Protestant Bohemian Revolt led to the Thirty Years' War. After the Battle of White ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1989
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terry Brown (football Chairman)
Terence William Brown (born July 1942) is the former chairman and Honorary Life President of English Premier League football Football is a family of team sports that involve, to varying degrees, kick (football), kicking a football (ball), ball to score a goal (sports), goal. Unqualified, football (word), the word ''football'' generally means the form of football t ... club West Ham United F.C., West Ham United. During his time as chairman of West Ham he was often portrayed as someone unpopular with West Ham fans. There were campaigns to remove him from his chairmanship and allegations of financial incompetence, during his chairmanship. A group calling itself "Whistle" was created by fans of West Ham United F.C., West Ham United that were critical of Brown, following the club's relegation in 2003 and the subsequent sale of many of their top players. In April 2004, the group published a dossier accusing the board of financial incompetence, and asking questions regarding t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Sullivan (publisher)
David Sullivan (born 5 February 1949) is a British businessman and former Pornography, pornographer. From 1986 to 2007, he owned the ''Daily Sport'' and ''Sunday Sport'', which he sold for £40 million. According to The ''Sunday Times Rich List'' in 2019, Sullivan is worth £1.2 billion. He is the chairman and largest single shareholder of Premier League football team West Ham United F.C., West Ham, following the death of business partner David Gold (businessman), David Gold in 2023. The pair were previously joint-chairmen of Birmingham City F.C., Birmingham City. Early life Born in Cardiff, the son of an Royal Air Force, RAF serviceman, Sullivan grew up in a Penarth council house. When Sullivan was 10 years old, his father was posted to Aden Colony, Aden, now in Yemen, where they lived for a year before moving to England to live in Hornchurch, Essex. He attended the Abbs Cross Academy and Arts College, Abbs Cross school and gained ten O Levels. After his family move ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Gold (businessman)
David Gold (9 September 1936 – 4 January 2023) was a British businessman who owned Gold Star Publications and Sport Newspapers. He was the chairman of Birmingham City Football Club until 2009. From 2010 to his death in 2023, he was the joint chairman of West Ham United. Early life Gold was born in Stepney and brought up in east London at 442 Green Street near to West Ham's Boleyn Ground. He played youth team football for West Ham and was offered forms to sign as an apprentice professional for the first team, which his father refused to counter sign. His father, Godfrey,The Independent: "Golden balls: West Ham United' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Supervisory Authority (Iceland)
The Financial Supervisory Authority () was the single supervisory authority for the financial sector in Iceland from 1999 to end-2019. Companies regulated by the authority included commercial banks, savings banks, insurance companies, insurance brokers, credit institutions (investment banks and credit card companies), securities firms, securities brokers, mutual funds and pension funds management companies and other entities authorized to receive deposits. Its first CEO was Pall Gunnar Palsson, who directed from 1999 to 2005. On , the FME was merged into the Central Bank of Iceland. History The FME was established in 1999, under the authority of two acts of legislation, act number 87/1998 on the Official Supervision of Financial Operations and act number 99/1999 on the Payment of Cost Due to the Official Supervision of Financial Activities. FME and the Icelandic financial crisis 2008 During the 2008–2012 Icelandic financial crisis Jónas Fr Jónsson was the CEO of the FME, bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
