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Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. [1] Nationalization contrasts with privatization and with demutualization.
1868 Nationalisation of inland telegraphs under the General Post Office with the Telegraph Act 1868. [69] 1875 Suez Canal Company - The Egyptian share in the company was bought by the government. 1912 Nationalisation of National Telephone Company under the GPO, apart from Portsmouth and Hull. The Portsmouth telephone service was nationalised ...
On 14 December 1917, it decreed the immediate nationalization of all commercial banks into the People's Bank, the new name it had given to the State Bank of the Russian Empire. [2]: 76 In January 1920, the People's Bank was in turn abolished, after its regional offices had been merged with those of the state treasury.
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Several major news organizations are reporting that about ten of the 19 banks that have gone through government "stress tests" will have to raise capital. Most analysts already believe that ...
Nationalisation of British railways; Chilean nationalization of copper; Nationalization in Poland; Nationalization of electricity in Quebec; Nationalization of oil in Algeria; Nationalization of oil supplies; Nationalization of PrivatBank; Nationalization of the Iranian oil industry; List of nationalizations by country
Alena Robertson, Bank Secrecy Act (BSA) manager at Grasshopper Bank, said another major use is what she referred to as personalized customer service and smoother account-opening processes ...
Another example is a nationalization in which the nation in which the company is headquartered buys sufficient shares of the company to obtain a controlling interest. Usually, incumbent equity-holders lose control. The reasons for nationalization may include: Saving a very valuable company from bankruptcy; Confiscation of assets; Executing ...