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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 English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry.
Rabobank is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation, and many specialised international offices and subsidiaries. Food and agribusiness constitute the primary international focus of the Rabobank Group. Rabobank is the second-largest bank in the Netherlands in terms of total assets.
A retail cashier or simply a cashier is a person who handles the cash register at various locations such as the point of sale in a retail store. The most common use of the title is in the retail industry, but this job title is also used in the context of accountancy for the person responsible for receiving and disbursing money or within branch banking in the United Kingdom for the job known in the United States as a bank teller.
The governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent grooming their successor. The governor of the Bank of England is also chairman of the Monetary Policy Committee, with a major role in guiding national economic and monetary policy, and is therefore one of the most important public officials in the United Kingdom.
John Kendrick may refer to:
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.
The Bank of England, which is now the central bank of the United Kingdom, British Crown Dependencies and British Overseas Territories, has issued banknotes since 1694. In 1921 the Bank of England gained a legal monopoly on the issue of banknotes in England and Wales, a process that started with the Bank Charter Act of 1844 when the ability of other banks to issue notes was restricted.
Andrew John Bailey is a British central banker who has been Governor of the Bank of England since 16 March 2020.
The Chief Cashier of the Bank of England is the person responsible for issuing banknotes at the Bank of England and is the director of the divisions which provide the Bank of England's banking infrastructure. This person is known to the general public because since 1870 the Chief Cashier's signature is printed on all bank notes issued by the Bank of England. In 2004 a new post was created, Executive Director of Banking & Chief Cashier, incorporating the title.
A Deputy Governor of the Bank of England is the holder of one of a small number of senior positions at the Bank of England, reporting directly to the Governor.
The Amsterdam banking crisis of 1763 in the Netherlands followed the end of the Seven Years' War. At this time prices of grain and other commodities were falling sharply, and the supply of credit dried up due to the decreased value of collateral goods. Many of the banks based in Amsterdam were over-leveraged and were interlinked by complex financial instruments, making them vulnerable to a sudden tightening of credit availability. The crisis was marked by the failure of one large bank - that of De Neufville - and many smaller financial enterprises. The extent of the crisis was mitigated by the provision of additional liquidity by the Bank of Amsterdam, the Dutch central bank. Similarities have been identified between these events and the financial crisis of 2007–2008.
Sir Jasper Quintus Hollom was Chief Cashier of the Bank of England 1962-66, Deputy Governor of the Bank of England 1970-80, and chair of the City Takeover Panel 1980-87.
Victoria Mary Florence Cleland was the Director for Banknotes and Chief Cashier of the Bank of England, a position she held from March 2014 until 1 June 2018 when was replaced by Sarah John. She is the second woman to hold the post of Chief Cashier. She replaced Chris Salmon when he was appointed as Executive Director for Markets at the Bank of England.
Merlyn Vivienne Lowther was Chief Cashier of the Bank of England from 1999 to 2003. She was the first woman to hold the post. The signature of the Chief Cashier appears on Bank of England banknotes. Lowther was succeeded by Andrew Bailey.
John Brangwyn Page was a British banking executive who served as the Chief Cashier of the Bank of England from 1970 to 1980. The signature of the Chief Cashier appears on British banknotes. Page was replaced as Chief Cashier by David Somerset.
Thomas Speed was Chief Cashier of the Bank of England for 1694 to 1699. On 11 February 1695, the bank issued a notice in the London Gazette that Speed, and several others, were empowered to give notes on behalf of the bank in return either for payment of money or bills. Speed was replaced as Chief Cashier by Thomas Madockes.
Sir Ernest Musgrave Harvey, 1st Baronet, KBE, (1867–1955) was the Chief Cashier of the Bank of England from 1918 to 1925. Harvey was replaced as Chief Cashier by Cyril Patrick Mahon. He was Deputy Governor 1929 to 1936.
Horace George Bowen was the Chief Cashier of the Bank of England from 1893 to 1902.
Henry Hase was the Chief Cashier of the Bank of England from 1807 to 1829. Hase was known as "the reluctant cashier" and appointed after Robert Aslett was discovered to have embezzled £500,000. Hase was replaced as Chief Cashier by Thomas Rippon.
The Bank of England £100,000,000 note, also referred to as Titan, is a non-circulating Bank of England sterling banknote used to back the value of Scottish and Northern Irish banknotes. It is the highest denomination of banknote printed by the Bank of England. As both of these regions have their own currency issued by particular local banks, the non-circulating notes provide the essential link between those currencies and that of England, and security if a local issuing bank were to fail.
References
- ↑ Richards, Richard D. (25 May 2012). The Early History of Banking in England (Rle Banking and Finance). ISBN 9780415528788.
- ↑ Chief Cashiers. Archived 24 September 2014 at the Wayback Machine Bank of England. Retrieved 19 September 2014.
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