The World Is Flat: A Brief History of the Twenty-first Century is an international best-selling book by Thomas L. Friedman that analyzes globalization, primarily in the early 21st century. The title is a metaphor for viewing the world as a level playing field in terms of commerce, wherein all competitors have an equal opportunity. As the first edition cover illustration indicates, the title also alludes to the perceptual shift required for countries, companies, and individuals to remain…
Established on 16 July 1968 by the Government of Singapore to take over the industrial financing activities from the Economic Development Board, the bank's main purpose was to provide loans and financial aid to the manufacturing and processing industries and to help establish and upgrade existing industries in Singapore. In 1960, the Singapore government invited a United Nations (UN) industrial survey mission to assess the economical situation in Singapore and to come up with an…
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On August 6, 1935, businessman Wee Kheng Chiang, together with six other friends, established the bank after raising S$1 million. The bank was named United Chinese Bank (UCB) to emphasize its links to the Chinese population in Singapore. On October 1935, UCB opened for business in the three story Bonham Building. In 1965, the bank was renamed to United Overseas Bank and opened its first overseas branch in Hong Kong. In 1970, UOB was listed on the Joint Stock Exchange of Singapore and Malaysia…
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The history of Mizuho Financial Group (Mizuho) dates back to 1873 with the establishment of the Dai-ichi Bank, the first national bank in Japan. Mizuho itself was formed in 2000 from the merger of three of Japan’s largest and most established banks, the Dai-Ichi Kangyo Bank (DKB), Fuji Bank and the Industrial Bank of Japan (‘IBJ’). The diverse activities have now been integrated under ‘One Mizuho’ to create a global powerhouse. The history informs our present thinking, which values mutually…
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Karnataka Bank was incorporated on 18 February 1924, and commenced business on 23 May 1924. Its founders established it at Mangalore, a coastal town in the Dakshina Kannada district of Karnataka. Among the founders, who created the bank to serve the South Kanara region, was B. R. Vysaray Achar. Another important personality associated with the bank was K. S. N. Adiga, who served as Chairman from 1958 to 1979.
In the 1960s Karnataka Bank acquired three smaller banks. In 1960 Karnataka Bank…
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