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28-792: (Redirected from London Bank ) Bank of London or London Bank may refer to: Bank of London (clearing bank) , established 2021 Central Bank of London (1863–1891) Chartered Bank of London (1853–1969) Union Bank of London (1839–1918) London Savings Bank (1916–1971) London and Westminster Bank (1834–1923, thereafter Westminster Bank ) and others merged into it: Commercial Bank of London , merged 1861 Bank of London (1855–1866) , merged Consolidated Bank 1866, merged Parr's Bank 1896, merged 1918 London and County Bank , merged 1909 to form London County and Westminster Bank London Bank, Coppa d'Oro di Milano 2001 winning racehorse See also [ edit ] Bank of London and

56-631: Is different from Wikidata All article disambiguation pages All disambiguation pages Bank of London (clearing bank) The Bank of London is a British clearing , correspondent and wholesale bank operating in the United Kingdom, the United States and Europe. The bank launched on 30 November 2021 and in doing so became the UK's sixth clearing bank. The bank was founded by Anthony Watson . In 2021, Harvey Schwartz

84-528: Is sometimes called the American model. Having a non-executive chair is common in the UK and Canada; this is sometimes called the British model. Expert opinion is rather evenly divided over which is the preferable model. There is a growing push by public market investors for companies with an executive chair to have a lead independent director to provide some element of an independent perspective. The role of

112-520: The CEO; unlike an executive chair, a non-executive chair does not interfere in day-to-day company matters. Across the world, many companies have separated the roles of chair and CEO, saying that this move improves corporate governance. The non-executive chair's duties are typically limited to matters directly related to the board, such as: Many companies in the US have an executive chair; this method of organization

140-520: The City of London Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Bank of London . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Bank_of_London&oldid=1256571181 " Category : Disambiguation pages Hidden categories: Short description

168-613: The Middle East , established 2006 Bank of London and South America {1923–1971} Bank of London and Montreal {1958–1984} Banco de Londres y Río de la Plata {1862–1923} Delhi and London Bank (1865–1916) London Bank of Australia {1893–1921} London and Provincial Bank {1870–1918} London Scottish Bank (closed 2009) Bank of England , UK central bank based in London Bank London Underground station Category:Banks based in

196-734: The Presidium of the Presidium of the Supreme Soviet ". In Communist China, Mao Zedong was commonly called "Chairman Mao", as he was officially Chairman of the Chinese Communist Party and Chairman of the Central Military Commission . In addition to the administrative or executive duties in organizations, the chair presides over meetings. Such duties at meetings include: While presiding,

224-509: The UK's top 10 most valuable fintech firms. In December 2021, it was in talks with three additional investment firms to raise additional funding. The bank uses cloud-based core banking technology and a software as a service (SAAS) delivery model. The bank's goals are to take on established banks in the market for clearing and settlement, deliver global banking transactions for the corporate market, and to provide SAAS to assist companies in embedding payments into their products. In June 2022

252-817: The bank announced it was to open an office in Belfast , in order to capitalize on Belfast's high concentration of fintech employment. The office opened on 17 August 2022, with the Economic Minister of Northern Ireland, Gordon Lyons, visiting on the opening day. In August 2022 the bank announced it would be creating a technology hub in Charlotte, North Carolina . It has signed an 11-year lease for 40,000 square feet (3,716 m ) in Uptown Charlotte in 101 Independence Center to house 350 staff. The bank chose Charlotte for its talent pool and ranking as

280-537: The bank stated that it had since paid all its taxes and the HMRC petition was the result of an administrative error on the part of Bank of London. On 30 September 2024, in a boardroom clear-out, the Bank of London said Lord Mandelson , Wade Davis and Anthony Watson , the group's founder, had all stepped down as directors. The bank’s chairman, Carlyle Group chief executive Harvey Schwartz , will also leave. Anthony Watson

308-481: The chair has the power to discipline them. There are three common types of chair in public corporations. The chief executive officer (CEO) may also hold the title of chair, in which case the board frequently names an independent member of the board as a lead director. This position is equivalent to the position of président-directeur général in France. Executive chair is an office separate from that of CEO, where

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336-415: The chair in a private equity-backed board differs from the role in non-profit or publicly listed organizations in several ways, including the pay, role and what makes an effective private-equity chair. Companies with both an executive chair and a CEO include Ford , HSBC , Alphabet Inc. , and HP . A vice- or deputy chair, subordinate to the chair, is sometimes chosen to assist and to serve as chair in

364-412: The chair should remain impartial and not interrupt a speaker if the speaker has the floor and is following the rules of the group. In committees or small boards, the chair votes along with the other members; in assemblies or larger boards, the chair should vote only when it can affect the result. At a meeting, the chair only has one vote (i.e. the chair cannot vote twice and cannot override the decision of

392-440: The chairman was the master of ceremonies who announced the performances and was responsible for controlling any rowdy elements in the audience. The role was popularised on British TV in the 1960s and 1970s by Leonard Sachs , the chairman on the variety show The Good Old Days . "Chairman" as a quasi-title gained particular resonance when socialist states from 1917 onward shunned more traditional leadership labels and stressed

420-599: The collective control of Soviets (councils or committees) by beginning to refer to executive figureheads as "Chairman of the X Committee". Lenin , for example, officially functioned as the head of Soviet Russian government not as prime minister or as president but as "Chairman of the Council of People's Commissars ". At the same time, the head of the state was first called "Chairman of the Central Executive Committee " (until 1938) and then "Chairman of

448-419: The group management board in 2006, HSBC's chair essentially held the duties of a chief executive at an equivalent institution, while HSBC's chief executive served as the deputy. After the 2006 reorganization, the management cadre ran the business, while the chair oversaw the controls of the business through compliance and audit and the direction of the business. Non-executive chair is also a separate post from

476-433: The group unless the organization has specifically given the chair such authority). The powers of the chair vary widely across organizations. In some organizations they have the authority to hire staff and make financial decisions. In others they only make recommendations to a board of directors , or may have no executive powers, in which case they are mainly a spokesperson for the organization. The power given depends upon

504-426: The holder. In meetings or conferences, to "chair" something (chairing) means to lead the event. Terms for the office and its holder include chair , chairperson , chairman , chairwoman , convenor , facilitator , moderator , president , and presiding officer . The chair of a parliamentary chamber is sometimes called the speaker . Chair has been used to refer to a seat or office of authority since

532-595: The latter's absence, or when a motion involving the chair is being discussed. In the absence of the chair and vice-chair, groups sometimes elect a chair pro tempore to fill the role for a single meeting. In some organizations that have both titles, deputy chair ranks higher than vice-chair, as there are often multiple vice-chairs but only a single deputy chair. This type of deputy chair title on its own usually has only an advisory role and not an operational one (such as Ted Turner at Time Warner). An unrelated definition of vice- and deputy chairs describes an executive who

560-533: The middle of the 17th century; its earliest citation in the Oxford English Dictionary dates to 1658–1659, four years after the first citation for chairman . Feminist critiques have analysed Chairman as an example of sexist language, associating the male gender with the exercise of authority, this has led to the widespread use of the generic "Chairperson". In World Schools Style debating , as of 2009, chairperson or chair refers to

588-413: The person presiding is said to be "in the chair" and is also referred to as "the chair". Parliamentary procedure requires that members address the "chair" as "Mr. (or Madam) Chairman (or Chair or Chairperson)" rather than using a name – one of many customs intended to maintain the presiding officer's impartiality and to ensure an objective and impersonal approach. In the British music hall tradition,

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616-585: The person who controls the debate; it recommends using Madame Chair or Mr. Chairman to address the chair. The FranklinCovey Style Guide for Business and Technical Communication and the American Psychological Association style guide advocate using chair or chairperson . The Oxford Dictionary of American Usage and Style (2000) suggested that the gender-neutral forms were gaining ground; it advocated chair for both men and women. The Daily Telegraph 's style guide bans

644-441: The second-largest banking city in the US behind New York City. In February 2023, the bank secured an additional $ 40 million as an extension to its Series C funding. Investors of this round were Mangrove Capital Partners, 14W Venture Capital, and ForgeLight Investment Funds. On 5 September 2024, HMRC petitioned to wind up the bank's parent holding company The Bank of London Group Holdings Limited. However, on 9 September 2024,

672-414: The titleholder wields influence over company operations, such as Larry Ellison of Oracle , Douglas Flint of HSBC and Steve Case of AOL Time Warner . In particular, the group chair of HSBC is considered the top position of that institution, outranking the chief executive, and is responsible for leading the board and representing the company in meetings with government figures. Before the creation of

700-435: The type of organization, its structure, and the rules it has created for itself. If the chair exceeds their authority, engages in misconduct, or fails to perform their duties, they may face disciplinary procedures. Such procedures may include censure , suspension, or removal from office . The rules of the organization would provide details on who can perform these disciplinary procedures. Usually, whoever appointed or elected

728-411: The use of chair and chairperson ; the newspaper's position, as of 2018, is that "chairman is correct English". The National Association of Parliamentarians adopted a resolution in 1975 discouraging the use of chairperson and rescinded it in 2017. The word chair can refer to the place from which the holder of the office presides, whether on a chair, at a lectern, or elsewhere. During meetings,

756-431: Was appointed as Group Chairperson and Non-executive Director . The executive team spent four years prior to the bank's launch creating proprietary technology which allowed them to enter the market with a $ 1.1 billion valuation. It became the first pre-revenue bank to achieve 'unicorn' status. The bank had raised $ 120 million in funding within weeks of opening for business. Its funding within its first month put it within

784-410: Was replaced as chief executive by Stephen Bell, a former Ulster Bank executive, on 3 September 2024. Chairperson In some organizations, the chair is also known as president (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of

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