Related Research Articles
The economy of the Isle of Man is a low-tax economy with insurance, online gambling operators and developers, information and communications technology (ICT), and offshore banking forming key sectors of the island's economy.
Bank of China Limited also known as its short name Bank of China or BOCHK, is a subsidiary of the Bank of China. Bank of China is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits, with more than 190 branches across Hong Kong as of the end of 2019. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
Wildcat banking was the issuance of paper currency in the United States by poorly capitalized state-chartered banks. These wildcat banks existed alongside more stable state banks during the Free Banking Era from 1836 to 1865, when the country had no national banking system. States granted banking charters readily and applied regulations ineffectively, if at all. Bank closures and outright scams regularly occurred, leaving people with worthless money.
The pound is the currency of the Isle of Man, at parity with sterling. The Manx pound is divided into 100 pence. Notes and coins, denominated in pounds and pence, are issued by the Isle of Man Government.
National Provincial Bank was a British retail bank which operated in England and Wales from 1833 until 1970 when it was merged into the National Westminster Bank. It continued to exist as a dormant non-trading company until 2016 when it was voluntarily struck off the register and dissolved.
Banking in the United Kingdom can be considered to have started in the Kingdom of England in the 17th century. The first activity in what later came to be known as banking was by goldsmiths who, after the dissolution of English monasteries by Henry VIII, began to accumulate significant stocks of gold.
China's banking sector had CN¥319.7 trillion in assets at the end of 2020. The "big four/five" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world as of 2018. The Bank of Communications is sometimes included. Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank.
The history of banking in China includes the business of dealing with money and credit transactions in China.
The Isle of Man Bank is a bank in the British Crown dependency of the Isle of Man, providing retail, private and business banking services to the local population. Incorporated in 1865, it has operated as a trading name of RBS International since 2019. It is licensed by the Isle of Man Financial Services Authority in respect of deposit taking and investment business and registered as a general insurance intermediary.
The City of Glasgow Bank was a bank in Scotland, largely known for its spectacular collapse in October 1878, ruining all but 254 of its 1,200 shareholders, whose liability was not limited.
A bank is a financial institution that accepts 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.
Manx Financial Group (MFG) has subsidiaries engaged in financial services based in the Isle of Man and the UK. These companies offer financial services to both retail and commercial customers.
Banking in Azerbaijan in its present form dates back to 1992, but it originates in the second half of the 19th century and continued through the Soviet period. It consists of the country's central bank, the Central Bank of Azerbaijan, founded on 11 February 1992, and other commercial banks. The commercial banks in the country are joint–stock. The only valid currency in Azerbaijan is the Azerbaijani manat. Only the Central Bank can issue manats. During the transition to a market economy in the 1990s, the banking system was not meeting the needs of socioeconomic development as expected, and followed old, Soviet laws. Banks in Azerbaijan have mandatory reserves, determination of norms, regulations of liabilities between creditors and depositors, and deposit insurance. These laws were introduced in 1996 after the system proved to violate laws and timely repayments of deposits. The country's banking system is now stable.
The National Bank of Scotland was founded as a joint stock bank in 1825. Based in Edinburgh, it had established a network of 137 branches at the end of its first hundred years. In 1918 the bank was bought by Lloyds Bank, although it continued to operate as an independent institution until 1959, when it merged with the Commercial Bank of Scotland to become the National Commercial Bank of Scotland. Ten years later the National Commercial Bank merged with the Royal Bank of Scotland.
This article details the history of banking in the United States. Banking in the United States is regulated by both the federal and state governments.
George William Dumbell QC was a British advocate, businessman and philanthropist who was invited to become a Member of the House of Keys serving two different terms. He is also remembered on the Isle of Man as being involved in two banking ventures of questionable reputation; the Joint Stock Bank and Dumbell's Bank.
Dumbell's Bank was a bank in the Isle of Man. The bank's insolvency in 1900, known as Black Saturday and referred to in the Isle of Man as the Dumbell's Bank Crash, resulted in a run on the bank with many individuals losing their life savings and the ruin of numerous local businesses causing poverty, depression and bankruptcy. The effects were profound and lasted for a considerable number of years.
Holmes' Bank was a bank in the British Crown dependency of the Isle of Man, providing private and business banking services to the local population. Holmes' Bank crashed spectacularly in 1853 resulting in hardship, unemployment, bankruptcy and destitution for many of the inhabitants of the Island.
The Isle of Man and Liverpool Bank was a bank in the British Crown dependency of the Isle of Man, providing private and business banking services to the local population. The bank traded from 1836 until it was wound up in 1838.
The paper money of the Qing dynasty was periodically used alongside a bimetallic coinage system of copper-alloy cash coins and silver sycees; paper money was used during different periods of Chinese history under the Qing dynasty, having acquired experiences from the prior Song, Jin, Yuan, and Ming dynasties which adopted paper money but where uncontrolled printing led to hyperinflation. During the youngest days of the Qing dynasty paper money was used but this was quickly abolished as the government sought not to repeat history for a fourth time; however, under the reign of the Xianfeng Emperor, due to several large wars and rebellions, the Qing government was forced to issue paper money again.