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Sovran Bank was a US-based regional bank that operated in Virginia between 1983 and 1990, and was the leading subsidiary of Sovran Financial Corporation.It was itself a product of a merger between First & Merchants Bank of Richmond and Virginia National Bankshares of Norfolk, both of which could trace back their history to the 1860s.
Santander Bank, N. A. Santander Bank, N. A. ( / ˌsɑːntɑːnˈdɛər /) is an American bank operating as a wholly-owned subsidiary of the Spanish Santander Group. It is based in Boston and its principal market is the northeastern United States. It has $57.5 billion in deposits, operates about 650 retail banking offices and over 2,000 ATMs ...
Bank £ 1.2 × 10 ^ 9: October 13, 2008: Sovereign Bank, Wyomissing, Pennsylvania: Banco Santander: Bank $ 1.9 × 10 ^ 9: October 13, 2008: Royal Bank of Scotland Group (up to 81.14% Bought) Government of the United Kingdom: Bank £ 2 × 10 ^ 10: October 13, 2008: HBOS (up to 43.5% Bought) Government of the United Kingdom: Bank £ 1.3 × 10 ...
Products. Financial services. Revenue. US$ 12 billion. Number of employees. Approximately 50,000. FleetBoston Financial was a Boston, Massachusetts –based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; [1] all of its banks and branches were converted to Bank of America.
Santander UK plc ( UK: / ˌsæntənˈdɛər, - tæn -/, US: / ˌsɑːntɑːnˈdɛər /) [3] is a British bank, wholly owned by the Spanish Santander Group. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance. Santander UK is one of the leading personal financial services ...
The day was declared a bank holiday to allow the banks to adjust to the new currency. Initially, during a transition period the sovereign bolívar was to be run alongside the hard bolívar. However, from the start of the transition, on 20 August, hard bolívar notes of Bs.F 500 and less could not be used; only deposited at banks.
In the weeks following 17 August, one US dollar went from being worth 6.43 rubles to being worth over 21 rubles. The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt.
Relative to the size of its economy, Iceland's systemic banking collapse was the largest of any country in economic history. [1] The crisis led to a severe economic slump in 2008–2010 and significant political unrest. [2] [3] In the years preceding the crisis, three Icelandic banks, Kaupthing, Landsbanki and Glitnir, multiplied in size.