Railway Mania was an instance of a stock market bubble in the United Kingdom of Great Britain and Ireland in the 1840s. It followed a common pattern: as the price of railway shares increased, speculators invested more money, which further increased the price of railway shares, until the share price collapsed. The mania reached its zenith in 1846, when 263 Acts of Parliament setting up new railway companies were passed, with the proposed routes totalling 9,500 miles (15,300 km). About a third of the railways authorised were never built—the companies either collapsed due to poor financial planning, were bought out by larger competitors before they could build their line, or turned out to be fraudulent enterprises to channel investors' money into other businesses.
Ruthwell is a village and parish on the Solway Firth between Dumfries and Annan in Dumfries and Galloway, Scotland.
In macroeconomics, the money supply refers to the total volume of money held by the public at a particular point in time in an economy. There are several ways to define "money", but standard measures usually include currency in circulation and demand deposits. The central bank of each country may use a definition of what constitutes money for its purposes.
Yorkshire Bank is a trading name used by Clydesdale Bank plc for its retail banking operations in England.
The Trustee Savings Bank (TSB) was a British financial institution. Trustee savings banks originated to accept savings deposits from those with moderate means. Their shares were not traded on the stock market but, unlike with mutually held 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 on a voluntary basis. The first trustee savings bank was established by Reverend 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 TSB Group plc, which was floated on the London Stock Exchange. In 1995, the TSB merged with Lloyds Bank to form Lloyds TSB, at that point the largest bank in the UK by market share and the second-largest by market capitalisation.
The Laurentian Bank of Canada (LBC) is a Schedule 1 bank that operates primarily in the province of Quebec, with commercial and business banking offices located in Ontario, Alberta, British Columbia, and Nova Scotia. LBC's Institution Number is 039.
Henry Duncan FRSE was a Scottish minister, geologist and social reformer. The minister of Ruthwell in Dumfriesshire, he founded the world's first mutual savings bank that would eventually form part of the Trustee Savings Bank. He served as Moderator of the General Assembly of the Church of Scotland in 1839. He was also an author, publisher and philanthropist.
Wamsutta Oil Refinery was established around 1861 in McClintocksville in Venango County near Oil City, Pennsylvania, in the United States. It was the first business enterprise of Henry Huttleston Rogers (1840–1909), who became a famous businessman, industrialist and financier.
TD Banknorth, formerly Banknorth, was a wholly owned subsidiary of the Toronto-Dominion Bank which conducted banking and insurance activities, primarily serving the northeastern area of the United States, headquartered in Portland, Maine. The bank became TD Bank, N.A. on May 31, 2008.
H.F. Ahmanson & Co. was a California holding company named after millionaire Howard F. Ahmanson Sr. It was best known as the parent of Home Savings of America, once one of the largest savings and loan associations in the United States.
Kent Reliance is a banking services provider and trading name of OneSavings Bank plc, based in Kent, England. It was founded in 1898 as the Chatham & District Reliance Building Society, changing its name to the Kent Reliance Building Society in 1986 following the merger with the Herne Bay Building Society.
National Bank of Egypt is a bank founded in Egypt in June 1898, and is the country's largest bank (2013) in terms of assets, deposits, loans, bank-capital, number of total branches, and employees.
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.
Events from the year 1816 in Ireland.
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. The Group's heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695.
39 Welsh Row is a Victorian former savings bank, in Jacobean Revival style, in Nantwich, Cheshire, England. It stands on the south side of Welsh Row at the junction with St Anne's Lane. Dating from 1846, it is listed at grade II. Nikolaus Pevsner describes number 39 as "the first noteworthy building" on Welsh Row, which he considers "the best street of Nantwich". The street has many listed buildings and is known for its mixture of architectural styles, including timber-framed black-and-white cottages such as the Wilbraham's and Widows' Almshouses, Georgian town houses such as Townwell House and number 83, and Victorian buildings such as the former Grammar School, Primitive Methodist Chapel and Tollemache Almshouses.
Tangerine Bank, operating as Tangerine, is a Canadian direct bank and a subsidiary of Scotiabank. It offers no-fee chequing and savings accounts, Guaranteed Investment Certificates (GIC), mortgages, and mutual funds. Many savings and investment products are eligible for registration under a Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), or Registered Retirement Income Fund (RRIF).
Events from the year 1774 in Scotland.
Dedham Savings is one of the oldest American banks still in operation and one of the oldest banks in the state of Massachusetts still doing business under its original charter.
The Greenwich Savings Bank Building is an office building at 1352–1362 Broadway in the Midtown Manhattan neighborhood of New York City. Constructed as the headquarters of the Greenwich Savings Bank from 1922 to 1924, it occupies a trapezoidal parcel bounded by 36th Street on the south, Sixth Avenue on the east, and Broadway on the west.