Barclay Knapp is a Senior Fellow in the Center for Financial Economics at The Johns Hopkins University, and has formed Charles Street Partners, to pursue financing and management opportunities in the telecommunications industry. He co-founded Cellular Communications Inc. (CCI), serving as CFO and later as President and COO.[ citation needed ]
Knapp later co-founded International CableTel, later known as NTL Incorporated and which ultimately became one of the two businesses that merged to form Virgin Media, along with Telewest. Knapp built up NTL's share price to a high of 21 billion pounds in 2000 and then presided over a financial restructuring that, while it almost wiped out the company's shareholders, preserved the business and ensured creditors and other stakeholders participated in the restructured business that emerged after the deep worldwide recession that followed the bursting of the “telecom bubble” that prompted the restructuring. NTL was one of the largest restructurings of that time (early 2000s) that did not involve any significant scandals or wrongdoing, at the same time that Enron, Adelphia, Worldcom and others exposed massive fraud. [1]
Telewest was a cable internet, broadband internet, telephone supplier and cable television provider in the United Kingdom. It was listed on the London Stock Exchange, and was also once a constituent of the FTSE 100 Index.
NTL Incorporated, branded as ntl:, was a United States-listed British company founded in 1992, which provided cable television, cable internet and fixed-line cable telephone services. While NTL had its headquarters in New York City, the company's activities focused heavily on the United Kingdom, with operational headquarters in Hook, Hampshire.
Sir David Rowat Barclay and Sir Frederick Hugh Barclay, commonly referred to as the "Barclay Brothers" or "Barclay Twins", were British billionaires. They were identical twin brothers and, until the death of David in 2021, had joint business interests primarily in media, retail and property.
ABN AMRO Bank N.V. is the third-largest Dutch bank, with headquarters in Amsterdam. It was initially formed in 1991 by merger of the two prior Dutch banks that form its name, Algemene Bank Nederland (ABN) and Amsterdamsche en Rotterdamsche Bank.
NYNEX Corporation was an American telephone company that served five states of New England as well as most of the state of New York from January 1, 1984 to August 14, 1997.
Lehman Brothers Inc. was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States, with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading, research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008.
Credit Suisse First Boston is the investment banking affiliate of Credit Suisse headquartered in New York.
Lazard Inc. is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London.
The Very Group Limited is a multi-brand online retailer and financial services provider in the United Kingdom and Ireland. Its head offices are based in the Speke area of the city of Liverpool, England. The brand was established in November 2005 as a result of the merger of the former Littlewoods and Shop Direct companies. The retailer was known as Littlewoods Shop Direct Group until a corporate rebranding to Shop Direct Group in May 2008. In 2013, the company rebranded to Shop Direct, dropping the 'group' from its name. Shop Direct rebranded themselves to The Very Group in 2020.
The First Boston Corporation was a New York–based bulge bracket investment bank, founded in 1932 and acquired by Credit Suisse in 1988. After the acquisition, it operated as an independent investment bank known as CS First Boston until 2006, when the company was fully integrated into Credit Suisse. In 2022, Credit Suisse revived the "First Boston" brand as part of an effort to spin out the business.
Virgin Media is a telecommunications company from England, founded in 2007, which provides telephone, television and internet services in the United Kingdom. Its headquarters are at Green Park in Reading, England. It is owned by Virgin Media O2, a 50:50 joint venture between Liberty Global and Telefónica.
First National Bank is one of South Africa's "big four" banks. It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. FNB is also listed on the Botswana Stock Exchange under the symbol FNBB and is a constituent of the BSE Domestic Company Index.
Virgin Mobile UK was a mobile phone service provider. The company was launched by Virgin Group and One2One in 1999 as the world's first mobile virtual network operator (MVNO), initially using the One2One network. Virgin Mobile offered contract mobile packages, as well as mobile broadband services. It sold its services directly, as well as through price comparison sites.
Clinch Brewery is an English brewery, located in the town of Witney, Oxfordshire. It was founded by James Clinch around 1811.
Novar plc was an international building supplies group based in the United Kingdom. Novar was formed in 1921 as Metal Box Company from the coming together of several businesses and trades, including canning and printing. By the 1970s, it was a market leader in these fields. In the 1980s the company diversified into building supplies and at its peak consisted of 30 companies supplying products to the construction and DIY industries.
Barclays Wealth Management is the wealth management division of United Kingdom based Barclays bank. In 2013 the division was restructured to work more closely with retail and corporate banking divisions. It serves affluent and high net worth clients through offices across the UK, offering personalised banking, credit, investment management and wealth planning services.
A bad bank is a corporate structure which isolates illiquid and high risk assets held by a bank or a financial organisation, or perhaps a group of banks or financial organisations. A bank may accumulate a large portfolio of debts or other financial instruments which unexpectedly become at risk of partial or full default. A large volume of non-performing assets usually make it difficult for the bank to raise capital, for example through sales of bonds. In these circumstances, the bank may wish to segregate its good assets from its bad assets through the creation of a bad bank. The goal of the segregation is to allow investors to assess the bank's financial health with greater certainty. A bad bank might be established by one bank or financial institution as part of a strategy to deal with a difficult financial situation, or by a government or some other official institution as part of an official response to financial problems across a number of institutions in the financial sector.
Roger Allan Jenkins is a British financier and former international athlete. He is the brother of former World no.1 ranked 400m runner, Olympic medalist, convicted drug runner, and informant David Jenkins.
Barclays plc is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
Rothschild & Co is a multinational private and merchant bank, headquartered in Paris, France. It is the flagship of the Rothschild banking group controlled by the British and French branches of the Rothschild family.