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Trustee Savings Bank
The Trustee Savings Bank (TSB) was a British financial institution that operated between 1810 and 1995 when it was merged with Lloyds Bank (historic), Lloyds Bank. Trustee savings banks originated to accept savings deposits from those with moderate means. Their share (finance), shares were not traded on the stock market but, unlike Mutual organization, mutually held building society, building societies, depositors had no voting rights; nor did they have the power to direct the financial and managerial goals of the organisation. Directors were appointed as trustees (hence the name) on a voluntary basis. The first trustee savings bank was established by the Presbyterian polity, Rev. Henry Duncan (minister), Henry Duncan of Ruthwell in Dumfriesshire for his poorest parishioners in 1810, with its sole purpose being to serve the local people in the community. Between 1970 and 1985, the various trustee savings banks in the United Kingdom were amalgamated into a single institution named ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TSB Bank Logo
Banking A trustee savings bank is a type of financial institution. * In the United Kingdom: ** Trustee Savings Bank, a bank in the United Kingdom that merged with Lloyds Bank in 1995 to form Lloyds TSB ** Lloyds TSB, the name used by Lloyds Bank in the United Kingdom from 1999 to 2013 ** TSB Bank (United Kingdom), a bank that split from Lloyds Bank in 2013 and divested through a stock market flotation * In other countries: ** Permanent TSB, formerly Irish Life and Permanent and originally Trustee Savings Bank in the Republic of Ireland ** TSB (New Zealand), formerly the Taranaki Savings Bank Other uses * Technical Service Bulletin for a vehicle fault * Thiosymbescaline * Transportation Safety Board of Canada * Transportation Safety Bureau of Hungary * Treib–Seelisberg-Bahn, a funicular railway, Uri, Switzerland * TV. Shinshu, a television station in Nagano Prefecture, Japan * ''The Types of the Scandinavian Medieval Ballad ''The Types of the Scandinavian Medieval Ballad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruthwell
Ruthwell is a village and parish on the Solway Firth between Dumfries and Annan, Dumfries and Galloway, Annan in Dumfries and Galloway, Scotland. In 2022 the combined population of Ruthwell and nearby Clarencefield was 400. Thomas Randolph, Earl of Moray, gave Ruthwell to his nephew, Sir William Murray, confirmed to John Murray, 1st Earl of Annandale, Sir John Murray, of Cockpool, in 1509 by King James VI. He was later given the title Earl of Annandale: their landownings in Ruthwell passed by inheritance to Viscount of Stormont, Lord Stormont in 1658, and after 1792 to the Earls of Mansfield. Ruthwell's most famous inhabitant was the Presbyterian polity, Rev. Henry Duncan (minister), Henry Duncan. He was a Religious minister, minister, author, antiquarian, geologist, publisher, philanthropist, artist and businessman. In 1810 Dr Duncan opened the world's first commercial savings bank, Ruthwell Savings Bank, paying interest on its investors' modest savings. The Henry Duncan Savin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 of the bankers for the government of the United Kingdom, it is the world's second oldest central bank. The bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. In 1998 it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. In the 21st century the bank took on increased responsibility for maintaining and monitoring financial stability in the UK, and it increasingly functions as a statutory Financial regulation, regulator. The bank's headquarters have been in London's main financial di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank (England) Act 1817
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-s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Run
A bank run or run on the bank occurs when many Client (business), clients withdraw their money from a bank, because they believe Bank failure, the bank may fail in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvency, insolvent. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank may acquire more cash from other banks or from the central bank, or limit the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
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] |
Birmingham Municipal Bank
The Birmingham Municipal Bank was a savings bank in the city of Birmingham, England. It was created as the Birmingham Corporation Savings Bank by a 1916 Act of Parliament on a temporary basis and replaced by the Birmingham Municipal Bank in 1919. In 1976 it converted into a trustee savings bank. History Foundation and early Years Unlike most major cities, Birmingham had no savings bank before the formation of the Birmingham Municipal Bank (The Birmingham TSB had closed in 1864).H Oliver Horne, ''A History of Savings Banks'', Oxford, 1947 The idea for an alternative savings medium came from Neville Chamberlain, then Lord Mayor, who believed that an equivalent savings organisation could be formed by the City Council. The concept rested on the deduction of small savings amounts directly from workers’ wages. Workers would be given a coupon in lieu, originally for one shilling; these would be stuck to a card and when they totalled £1, they could be taken to the Bank and deposite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TSB Bank (United Kingdom)
TSB Bank plc is a British retail and commercial bank based in Edinburgh, Scotland. It has been a subsidiary of Sabadell Group since 2015. , TSB Bank operates a network of 220 branches. TSB was launched on 9 September 2013. Its headquarters are located in Edinburgh, Scotland, and it has more than five million customers with over £37 billion of lending and £36 billion of customer deposits. The bank was formed from the existing business of Lloyds TSB Scotland plc, into which a number of Lloyds TSB branches in England and Wales and all branches of Cheltenham & Gloucester were transferred, and renamed TSB Bank plc. A European Commission ruling that the British government's 2009 purchase of a 43% stake in Lloyds Banking Group counted as state aid made it necessary for Lloyds Banking Group to sell a portion of its business; TSB was divested. Post-divestment, TSB offered an initial public offering and was listed on the London Stock Exchange in June 2014. In 2015, it was acquired ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyds Banking Group
Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds Bank was founded in 1765 but the wider Group's heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695. The Group's headquarters are located at 25 Gresham Street in the City of London, while its registered office is on The Mound in Edinburgh. It also operates office sites in Birmingham, Bristol, West Yorkshire and Glasgow. The Group also has overseas operations in the US and Europe. Its headquarters for business in the European Union is in Berlin, Germany. The business operates under a number of distinct brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Former Chief Executive António Horta-Osório told ''The Banker'', "We will keep the d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HBOS
HBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland, Bank of Scotland plc, which operated the Bank of Scotland and Halifax (bank), Halifax brands in the UK, as well as HBOS Australia and HBOS Insurance & Investment Group Limited, the group's insurance division. HBOS was formed by the 2001 merger of Halifax (bank), Halifax plc and the Governor and Company of the Bank of Scotland, Bank of Scotland. The formation of HBOS was heralded as creating a fifth force in British banking as it created a company of comparable size and stature to the established ''Big Four (banks), Big Four'' UK retail banks. It was also the UK's largest mortgage lender. The HBOS Group Reorganisation Act 2006 saw the transfer of Halifax plc and Capital Bank plc to the Bank of Scotland, which had by then become a registered public limited company, Ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC
HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational corporation, multinational footprint. It is the List of banks in Europe, largest Europe-based bank by total assets, ahead of BNP Paribas, with US$3.098 trillion as of September 2024. This also puts it as the List of largest banks, 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest State ownership, non-state owned bank in the world. In 2021, HSBC had $10.8 trillion in assets under custodian bank, custody (AUC) and $4.9 trillion in assets under administration (AUA). HSBC traces its origin to a Hong (business), ''hong'' trading house in British Hong Kong. The bank was established in 1865 in Hong Kong and opened branches in Shanghai in the same year. It was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
