Sentence examples for mutually owned by from inspiring English sources
Last week the London Stock Exchange (LSE), the world's third-largest by volume, announced that it wants to stop being mutually owned by its members and turn itself into a shareholder-owned company.
But as I ring the latest doorbell and step over yet another threshold, I start to wonder what this is doing for the concept of theatre as shared space, mutually owned by both audiences and cast.
In Italy, for instance, companies with well known international names, such as Armani and Illy, remain family-owned.As for the other mid-tier exchanges, SWX is mutually owned by 51 mostly Swiss banks.
So when a group of disgruntled life-insurance policyholders demanded that it stop being mutually owned by its policyholders and sell shares on the stockmarket, it caused a big shock.
To resolve these problems, the various groups were cobbled together into one body, which has since become the Depository Trust and Clearing Corporation.The DTCC, which is mutually owned by its member banks, now handles the clearing and settlement of almost all American security trades.
BlackRock (BLK), owner of iShares, and StateStreet (STT), which manages the SPDRs, are the two largest ETF managers, followed by The Vanguard Group, which is mutually owned by its funds.
The company, the only mutually owned (owned by policyholders) insurance company in the state, wants to convert to a publicly traded company, owned by stockholders.
Germany and to a lesser extent France and Italy are dominated by mutually owned and state-owned institutions.
Spain's 45 cajas have been fierce competitors to the banks, steadily taking market share over the years.They are mutually owned and controlled by a mix of depositors, employees and, above all, local politicians.
The government's liquidity package of up to €9 billion ($12 billion), which will probably be bolstered with equity, is a reminder that many of Spain's bad debts fester outside the listed banks.Spain's cajas are mutually owned and controlled by a mix of depositors, employees and local politicians, and they distribute a big chunk of their profits to local causes.
The Co-op Bank is now 70% owned by its bondholders, led by US hedge funds, and only 30% by the mutually owned Co-op Group of supermarkets, pharmacies and funeral homes, after a rescue operation to inject £1.5bn into the bank.
