With which bank was Paul Flowers associated?
"Paul Flowers (banker) Paul Flowers (born 5 June 1950) is an English local politician and former Methodist minister. He is a former Labour councillor in Rochdale, and was non-executive chairman of the Co-operative Bank. In 2013, the activities of Flowers, who had occupied a variety of powerful political and business posts and had been appointed by Labour leader Ed Miliband to a senior post in 2010, were widely reported in the media. Flowers was filmed by an acquaintance in his car apparently agreeing to buy cocaine and methamphetamine, and appearing to count large sums of money while discussing his use"
"were left temporarily unable to use their debit cards as a result of IT problems. On 17 November 2013, Labour Party advisor and the former Co-operative Bank Chairman, Rev. Paul Flowers, was caught by the ""Mail on Sunday"" buying crack cocaine and methamphetamine. The former Labour councillor served as the Bank's chairman from April 2010 until June 2013 and it was under his chairmanship that in March 2013 the bank reported losses of £600 million. In May, Moody's downgraded its credit rating by six notches to junk (Ba3) and the chief executive Barry Tootell resigned. Flowers was suspended by both"
"Flowers National Bank. Flowers sold the bank to Farmers Bank of Northern Missouri in 2016. In June 2014, Flowers completed the first public listing of a British bank on the London Stock Exchange’s main market for more than a decade when he floated U.K. bank OneSavings Bank (OSB), a small business and mortgage lender he bought into in 2010. Later that year he argued that banking regulations in the wake of the 2008 financial crisis had depressed profitability so much that lenders would struggle to attract enough investors to survive the next financial crisis. In 2016, ""Fortune"" reported that he"
"Investor to create the United Kingdom's second-biggest online fund supermarket. In May 2017, JC Flowers completed the acquisition of the insurance company UK General for an undisclosed sum. J.C. Flowers & Co. J.C. Flowers & Co. is an American private equity investment firm, focused on investments in the financial services sector. The firm, founded in 2001, is based in New York City and run by billionaire J. Christopher Flowers, a former Goldman Sachs partner. As of 2017, the firm had invested more than $15 billion in capital. JC Flowers manages two private equity funds, J.C. Flowers I LP, closed in"
"J.C. Flowers & Co. J.C. Flowers & Co. is an American private equity investment firm, focused on investments in the financial services sector. The firm, founded in 2001, is based in New York City and run by billionaire J. Christopher Flowers, a former Goldman Sachs partner. As of 2017, the firm had invested more than $15 billion in capital. JC Flowers manages two private equity funds, J.C. Flowers I LP, closed in 2002 with $900 million of committed capital, and J.C. Flowers II LP, closed in 2006 with $7.0 billion of committed capital. Both funds are focused exclusively on the"
"J. Christopher Flowers James Christopher Flowers (born October 27, 1957) is an American private equity investor and investment manager focused on the financial services industry. He is a Managing Director and CEO of J.C. Flowers & Co., and a member of the firm's Management Committee. Flowers was born in California and grew up in Wayland, Massachusetts. He graduated magna cum laude from Harvard University with a degree in Applied Mathematics. Flowers worked at Goldman Sachs for 19 years starting in March 1979, and was a founder of Goldman's lucrative financial institutions merger practice in the 1980s. Flowers was named partner"
"Fund in 2006, a $50 million fund to endow further professors. Flowers is a trustee of the New York Philharmonic Orchestra. J. Christopher Flowers James Christopher Flowers (born October 27, 1957) is an American private equity investor and investment manager focused on the financial services industry. He is a Managing Director and CEO of J.C. Flowers & Co., and a member of the firm's Management Committee. Flowers was born in California and grew up in Wayland, Massachusetts. He graduated magna cum laude from Harvard University with a degree in Applied Mathematics. Flowers worked at Goldman Sachs for 19 years starting"
"in 1988, the same year as former Goldman CEO Lloyd Blankfein and former Merrill Lynch CEO John Thain. At 31, he was one of the youngest Goldman Sachs partners in history. Flowers retired from Goldman in 1998, one of fifteen partners to leave the bank prior to its 1998 initial public offering. In 1998, Flowers founded J.C. Flowers & Co., a private equity advisory and fund management firm which has acquired major equity stakes in Shinsei, NIBC Bank, HSH Nordbank and other financial institutions. As of 2017, the company manages assets of US $6.7 billion. Flowers was the main partner"
"to Shreveport, Louisiana and changed their name to the Shreveport Steamer. Described by the 1967 Tennessee football media guide as the ""aspiring J.P. Morgan of the squad"" for his habit of analyzing stocks while the team was en route to away games, Flowers collected a business degree from Tennessee. After his professional football career, he obtained a Juris Doctor from the University of Alabama School of Law, and briefly practiced law in Nashville. In the early 1980s, he became Vice President of REFCO, a Chicago-based commodities trading firm. In 1983, Flowers lost millions of dollars on a bad investment, and"
"1920 season, Flowers was selected as a third-team All-American by the United Press and the International News Service. After retiring from football, Flowers had a career in banking and insurance. In 1930, he was living in Atlanta and was the manager of a bank's loan department. In his later years, Flowers lived in Birmingham, Alabama. As of 1958, he was employed as the southeastern region mortgage supervisor for Metropolitan Life Insurance Company. In 1955, he became the first Georgia Tech football player to be inducted into the College Football Hall of Fame. At the induction ceremony at Rutgers University, Flowers"
"and materials. CoreStates Financial Corporation CoreStates Financial Corporation, previously known as Philadelphia National Bank (PNB), was a United States bank holding company in the Philadelphia, Pennsylvania, metropolitan area. The bank was renamed in the mid-1980s after a series of mergers. After being acquired by First Union Corporation, which later merged with Wachovia National Bank, CoreStates Financial Corporation became a part of Wells Fargo in 2008 when Wachovia was acquired by Wells Fargo. The bank was founded in Philadelphia on September 8, 1803, as The Philadelphia Bank. George Clymer was the bank's first president. Later, the bank became known as Philadelphia"
"illegal adult content was found on a council computer handed in by Councillor Flowers for servicing. This was put to him and he resigned immediately."" In 2010 he was appointed by new Labour Party leader Ed Miliband to the party's finance and industry advisory board. On 6 March 2013 as part of his membership of the group, Labour leader Ed Miliband met Flowers to discuss UK banking reform. Flowers had told MPs on the Banking Committee that he had helped to arrange a donation to then-shadow chancellor Ed Balls's office although Balls insisted that Flowers had nothing do to with"
"Central Railroad, was dying and asked Roswell Flower, whose wife was a sister of Keep's wife Emma, to manage the $4,000,000 estate for his widow. Flower asked Keep for guidance on who he could trust, and named a business associate, Daniel Drew. Keep replied, ""He is as honest a man as there is in the State of New York, but for fear that somebody else will cheat, he will always begin first."" The business brought Flower to New York City where he became known as a shrewd financial administrator, and opened the banking house of R. P. Flower & Co."
"July 2010 JC Flowers announced its intention to purchase a stake in the UK's Kent Reliance Building Society and this deal was completed on 1 February 2011 with the formation of OneSavings Bank Plc. In December 2012 JC Flowers was reported to have submitted a non-binding first-round bid for the 316 branches being re-auctioned by The Royal Bank of Scotland Group. In July 2013, JC Flowers agreed to buy £450 million of loans belonging to struggling British bank Northern Rock. In October 2016, JC Flowers aided the acquisition of retail stockbroker TD Direct Investing Europe by a smaller rival Interactive"
"off lawsuits alleging the bank's responsibility for Polk's fraudulent actions. In the summer of 1928, however, Union and Planters again faced difficult circumstances when its account holders panicked and a bank run occurred. In order to shore up its finances, the bank sought a merger partner, resulting in an association with Rogers Caldwell, a Nashville investment banker. In 1917 at the age of 27, he began building an empire, as well as a reputation as a financial genius. Within ten years, riding the bull market of the 1920s, he controlled a network of fifty companies valued at over five hundred"
"St. Paul Street changing to Light Street going south - went through several quick mergers and bank name changes, now owned by Wells Fargo Bank originally of the Far West in California and an icon of ""Old West"" history with its stagecoach heritage). Finally supposedly to simplify its name after 170 years of history, tradition and reputation, dropping the word ""Savings"" from its title, becoming briefly known as the ""Bank of Baltimore Building"". This later ""Bank of Baltimore"" is one of the several predecessor banks that were eventually consolidated two decades later into an out-of-town financial institution SunTrust with headquarters"
"be filled by a procedure known as a ""bail-in"" scheme. Bank Chairman Paul Flowers resigned shortly before the announcement of the shortfall. A press release by the bank issued on 17 June 2013 explained that the scheme would compel subordinated (also known as junior) bondholders to convert some or all of their assets from debt instruments to ownership (""equity"") shares of uncertain value which would be listed on the London Stock Exchange and a new fixed income instrument. The scheme contrasted with the rescues of other British banks in 2008 and 2009 when central government introduced new capital into the"
"CoreStates Financial Corporation CoreStates Financial Corporation, previously known as Philadelphia National Bank (PNB), was a United States bank holding company in the Philadelphia, Pennsylvania, metropolitan area. The bank was renamed in the mid-1980s after a series of mergers. After being acquired by First Union Corporation, which later merged with Wachovia National Bank, CoreStates Financial Corporation became a part of Wells Fargo in 2008 when Wachovia was acquired by Wells Fargo. The bank was founded in Philadelphia on September 8, 1803, as The Philadelphia Bank. George Clymer was the bank's first president. Later, the bank became known as Philadelphia National Bank,"
"HSH Nordbank to a consortium of five institutional investors, led by J.C. Flowers & Co., for 1.25 billion euros. Flowers had competed with three investors – Cerberus Capital Management, Hellman & Friedman, and Corsair Capital – for the stake. The investment marked the first part-privatisation of a Landesbank and its experience was being closely watched as an indicator of how difficult it would be for others to prise open the state-controlled sector. By 2008, J.C. Flowers injected about 300 million euros of fresh equity, in spite of the bank’s failure to have an initial public offering that year. Similarly to"
"Raphaels Bank R. Raphael & Sons plc, trading as Raphaels Bank, is a small UK-based independent bank that provides prepaid and credit card services, personal savings products, consumer credit, and a multi-currency ATM network. It was established in 1787 by Dutchman Raphael Raphael who moved to London at the start of the Napoleonic Wars. The bank was owned by the Raphaels family until 1983 and has been owned by the Lenlyn Holdings plc since 2004. In early 2016, plans became public that PayPal will use Raphael Bank to offer Mobile Payment Services in Germany and in Italy, by integrating into"
"deposits prior to his assuming office. To resolve the issue, Flowers ordered the failing financial institution to move state funds into federally insured transaction accounts and proposed major reforms to diversify the state's assets by spreading state deposits throughout multiple financial institutions to reduce risk - a decision that was not supported by Governor Jack Markell and his appointees on the Cash Management Policy Board who desired to keep the money in the failing financial institution (many of Wilmington Trust's senior executives were eventually indicted by the federal government for making false and misleading statements in public filings relating to"
"People's United Financial People's United Financial, Inc. is a bank holding company that owns People’s United Bank. The bank operates 403 branches in Connecticut, southeastern New York State, Massachusetts, Vermont, Maine, and New Hampshire. It is the second largest bank in New England, one of the largest in the Northeast, and the 46th largest in the United States. The company was founded in 1842 as Bridgeport Savings Bank in Bridgeport, Connecticut. In 1955, the company acquired Southport Savings Bank.In 1981, the bank became the first in the country to provide a telephone bill paying service.In 1981, the company acquired the"
"suffered heavy losses from the Brexit vote, largely as a result of private equity investments in OSB; however, by 2018, Flowers had completely exited OSB in one of the most profitable recent financial services deals. In 2016, Flowers took a stance on the growing fintech sector, stating that it would ""mostly end in tears"" because “the tech idea that you must get big fast and dominate a sector"" is not transferable to the financial-services sector. J Christopher Flowers is the founder of the Anne and Chris Flowers Foundation and the J.C. Flowers Foundation. The J.C Flowers Foundation has local African"
"Southampton's regular goalkeeper in the 1989–90 season. Within a couple of years of becoming Southampton's first choice goalkeeper, Flowers was regarded as one of the best goalkeepers in the English league and inevitable rumours of a transfer to a bigger club began. He finally left Southampton on 4 November 1993 when a £2.4million move to Blackburn Rovers made him the most expensive goalkeeper in Britain. His excellent goalkeeping was not quite enough to win Blackburn the Premier League title that season, but they did finish second to Manchester United, and went one better the following year when they won their"
"is trying to get home from the Mental Hospital murder (1:23:27). Also appears in the Clint Eastwood movie “Sudden Impact” 47:02 Crocker National Bank Crocker National Bank was a United States bank headquartered in San Francisco, California. It was acquired by and merged into Wells Fargo Bank in 1986. The bank traces its history to the Woolworth National Bank in San Francisco. Charles Crocker, who was one of The Big Four of the Central Pacific Railroad and who constructed America's First Transcontinental Railroad, acquired a controlling interest in Woolworth for his son William Henry Crocker. The bank was renamed Crocker"
"gas-powered generators, hammer drills, power saws, and digging equipment used to tunnel up into the bank’s vault. First Interstate Bancorp First Interstate Bancorp was a bank holding company based in the United States that was taken over in 1996 by Wells Fargo. Headquartered in Los Angeles, it was the nation's eighth largest banking company. The name (along with the company logo) has continued to be used in the banking world after the merger by First Interstate BancSystem who had been using the name under a franchise agreement since 1984. In 1928, Amadeo Giannini, born in California to Italian immigrant parents,"
"nearly twenty million dollars and having assets of nearly thirty million dollars. Three years after the first branch opened, a second branch was opened on Memphis' famous Beale Street. Union and Planters acquired the North Memphis Savings Bank the following year and converted its offices into a third branch. In 1924 Union and Planters experienced a major scandal involving an officer, Robert S. Polk. During the bank's decade of expansion, Polk stood out as a driving force. An orphan since he was 16, he came to the bank as a messenger in 1900 then rose through the ranks, his aggressive"
"Merchants National Bank (Saint Paul) The Merchants National Bank or Brooks Building is a commercial building in Saint Paul, Minnesota, United States, built and opened in 1892 as a financial center in St. Paul's Lowertown neighborhood at the corner of Jackson Street and Fifth Street. The structure, designed by Edward Bassford, uses sandstone in a Richardsonian Romanesque style. The ground floor was occupied by an influential bank, while the upper stories provided law offices. Several office tenants went on to great state or national prominence, including Cushman Kellogg Davis, Cordenio Severance, Frank B. Kellogg, Pierce Butler, and William D. Mitchell."
"of falling interest rates. The bank closed or sold less productive branches, outsourced some back-office functions, and eliminated jobs. Moreover, it only acquired one bank, St. Louis-based Jefferson Savings Bancorp, in February 2001. The addition was also in keeping with another key strategy of Moore's: shifting the focus away from rural community banks to the core urban markets of Memphis, Nashville, Indianapolis, St. Louis, and Miami. In 2004, Regions Financial Corporation of Birmingham, Alabama entered merger negotiations with Union Planters Bank. Regions was the surviving company in the resulting $5.9 billion transaction, with over 1,400 branches throughout the South and"
"Union Planters Union Planters Bank was a United States financial institution and multi-state bank holding corporation headquartered in Memphis, Tennessee prior to being acquired by Regions Financial Corporation. With over $34 billion in assets, Union Planters Bank was the largest bank in Tennessee and among the 30 largest bank holding companies in the United States. Union Planters operated over 760 banking centers in the states of Alabama, Arkansas, Florida, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, Tennessee, and Texas. Union and Planters Bank was founded by William Farrington, a Memphis businessman who had prospered during the American Civil War and"
"operation today as a Wells Fargo branch Wachovia Corporation began on June 16, 1879 in Winston-Salem, North Carolina as the Wachovia National Bank. The bank was co-founded by James Alexander Gray and William Lemly. In 1911, the bank merged with Wachovia Loan and Trust Company, ""the largest trust company between Baltimore and New Orleans"", which had been founded on June 15, 1893. Wachovia grew to become one of the largest banks in the Southeast partly on the strength of its accounts from the R.J. Reynolds Tobacco Company, which was also headquartered in Winston-Salem. On December 12, 1986, Wachovia purchased First"
"floor to the top of the stained-glass dome was 68 feet (20.7 m). Artist Albert Herter painted the large lunette murals of ""Agriculture"", ""Industry"", and ""Commerce"" for the entrance hall and banking room. The building was demolished in 1961. In 1911, the bank acquired the Wells Fargo Company. John Hamilton Fulton was president in 1927. It was consolidated with Chase National Bank in 1929. National Park Bank The National Park Bank was founded in 1856 in New York City, and by the late 19th century, it did more commercial business than any other bank in the country. The bank built"
"his law school studies in 1942 when drafted into the United States Army. He graduated from Officer Candidate School in Camp Barkeley, Texas. He was assigned to Fort Oglethorpe, then Fort McPherson, and then to Manila and Tokyo, where he was a hospital administrator assigned to General Headquarters, Far East Command during the occupation of Japan. He was honorably discharged in 1946. After being discharged from the military, Flowers returned to Dothan, where he worked for the Dothan Bank and Trust Company, which his family owned. Flowers returned to the University of Alabama School of Law. He later co-founded Flowers"