As there are over 2000 Hoares (oo err) I'm guessing the dividend is kept low to keep the money with the 'core Hoares' who have the control?
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C. Hoare and Co., a British banking dynasty in business for more than 300 years
11–20 of 98 posts
Re: C. Hoare and Co., a British banking dynasty in business for more than 300 years
#12Note that Child & Co is actually the oldest bank in Britain, not C.Hoare & Co.
Child & Co. was sold which is likely why its no longer the original banking dynasty but it is still around.
Re: C. Hoare and Co., a British banking dynasty in business for more than 300 years
#13Note that Child & Co is actually the oldest bank in Britain, not C.Hoare & Co. Child & Co. was sold which is likely why its no longer the original banking dynasty but it is still around. https://en.wikipedia.org/wiki/Child_%26_Co .
> Note that Child & Co is actually the oldest bank in Britain, not C.Hoare & Co.
The article is about the 'oldest banking dynasty', not the 'oldest bank', so you're not contradicting anything with your 'actually'.
Re: C. Hoare and Co., a British banking dynasty in business for more than 300 years
#14Can anyone comment with the family name, I'm being paywalled for being over my free views and not interested in paying 10$ for one article.
Just delete the Bloomberg cookies and you reset your count.
Re: C. Hoare and Co., a British banking dynasty in business for more than 300 years
#15I wonder if legendary computer scientist Tony Hoare (C. A. R. Hoare) was part of the family, especially given his three given names.
Re: C. Hoare and Co., a British banking dynasty in business for more than 300 years
#16The article keeps saying their advantage is their ability to "find solutions other banks can't". I don't know what that means. Exotic loan terms? Collateralizing difficult-to-value assets?
Firstborn as collateral, probably.
“They lend their own money and tend to be able to come up with solutions that other banks can’t.”, is also true about the Hells Angels.
Re: C. Hoare and Co., a British banking dynasty in business for more than 300 years
#17Any relation to C A R Hoare who invented Quicksort?
Re: C. Hoare and Co., a British banking dynasty in business for more than 300 years
#18It seems to me like there is a space to become the Gucci/Rolls Royce/Hermes/... of banking. The place where famous Instagrammers bank. Expensive, authentic, exclusive, heritage,
There are many existing banks that cater to rich people.
Re: C. Hoare and Co., a British banking dynasty in business for more than 300 years
#19The article keeps saying their advantage is their ability to "find solutions other banks can't". I don't know what that means. Exotic loan terms? Collateralizing difficult-to-value assets?
I'd imagine for a client, most of the value of this bank is access to what I can only imagine to be the most fantastically exotic network it sits at the centre of
Re: C. Hoare and Co., a British banking dynasty in business for more than 300 years
#20The article keeps saying their advantage is their ability to "find solutions other banks can't". I don't know what that means. Exotic loan terms? Collateralizing difficult-to-value assets?
Perhaps without duties to investors or depositors they aren't hung up on rules and risk mitigations, specifically a banker being able to make decisions based only on their own judgement.