Wednesday, January 15, 2014

The creation of the National Counter Discount Lille 13 April 1848 is a decision of the government o

BUSINESS guapos arlington "Crédit du Nord, Lille HISTORY bank who wanted to become national
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Paradoxical that Crédit du Nord destiny, born in Lille in 1848! Successively local bank and multiregional, she dreamed of becoming a national bank deposits and international investment. It does this in the seventies, but backed by the Bank of Paris and the Netherlands. In the lap of Société Générale guapos arlington since 1997, refocused on jobs in retail banking, it has finally found its place in the universal bank as a unifying center for regional banks.
The creation of the National Counter Discount Lille 13 April 1848 is a decision of the government of the Second Republic: create in large French cities mixed economy banks (third State third common, 1 / 3 private capital) likely to give their signatures to negotiable instruments issued by companies and artisans to get their rediscount at the Bank of France. Until then, local banks often emissions trading houses, this practice ensured. But since 1845, a severe recession exacerbated by poor harvests raging in France (1). In recent decades, northern France has a strong industrialization (coal, textile, mechanical engineering, etc.).. Family-owned guapos arlington banks were created in large cities (Boulogne guapos arlington Adam Bank, Dupont Valenciennes, Joire in Tourcoing, and Jules Scalbert Decroix & Cie in Lille ...). Their normal operations consist in the exchange service fund, purchase and sale of securities, receipt of coupons and of course discount bills (2). But the crisis weakens because guapos arlington they refuse to expect, or even lend to each other, resulting in the bankruptcy of companies and laying off their staff. The new National Counter Discount moved rue des Jardins in Lille. Capital of 6,000,000 francs, is shared between the State, six cities (including guapos arlington those of Lille, Roubaix and Tourcoing) and known dealers instead, especially men textiles. It grows quickly to weigh 20% of the local discount. It changes guapos arlington its name twice, becoming counter of Discount Borough guapos arlington Lille when its public shareholders to leave in 1853, and Industrial Credit Corporation and North deposits, leans back in 1866 when the Paris CIC , bank deposits created in 1859 national vocation. However, the Northern families retain control of capital (3).
With the fall of the Second Empire and the proclamation of the Third Republic in 1870, Crédit du Nord - its final name - has set a challenge to become guapos arlington a large regional bank by the end of the century. To do this, it first breaks its capital ties with CIC. Its main shareholders are now sixty industrial northern families. To reach new depositors, the openings of branches multiply in the departments of Nord and Pas-de-Calais, Somme, Normandy. The bank is also open to financial transactions hitherto reserved for so-called High Bank homes: issuance of local authorities, companies of coal to booming business. It provides advances to railways and tramways regional companies, water dispensers. It can boast of being the banker guapos arlington textile industries and agribusiness. In 1889, Crédit du Nord opened a branch in Paris. Its goal is to be included in the bond issuance unions held by major investment banks in Paris.
On the eve of the First World War, Crédit du Nord has 45 branches and employs 700 people and is the first regional bank in the North. Unfortunately, the wind momentum and he must wait twenty guapos arlington years to resume the offensive war. Crédit du Nord then participated in the creation of the National Credit (for repair of war damage) and, with the support of friends groups, the Union Bancaire North (UBN). He settled in Normandy, Champagne, and even in the Gironde in Bordeaux. It opened in 1927 a new branch in Paris. Its area of influence is no longer guapos arlington exclusively northerner ... The thirties marked by five years of depression guapos arlington are difficult, but the bank through this period better than many of her peers, brought into bankruptcy or redeemed in the emergency (such as Adam Bank). She participates in the rest of this movement in 1934 by taking its local competitor, the BANKER

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