During Hill's 34 years running Commerce, the bank grew from a small lender in the Philadelphia suburbs to a major player in banking on the East Coast.
The regulator concludes that its approval should be required for future major acquisitions in the banking industry.
Ireland, a fellow euro zone peripheral that is also in trouble, has no major hidden liabilities left in its banking system, with pretty much everything now out in the open (as far as we know).
Some may also question whether the payment system is still, in today's world, a major block to new entry in banking.
It might seem churlish to single out Barclays for this criticism, especially since I know that virtually all the other major banking institutions involved in money-laundering, LIBOR manipulation and all the other unethical and illegal activity over the past five years, have similar codes or principles of best practice in place and claim to link them to remuneration.
FORBES: Is Barclays Going To Put Its Money Where Its Mouth Is On Performance Incentives?
If this accounting asininity had been in effect during the banking trouble in the early 1990s, almost every major commercial bank in the U.S. would have collapsed.
He identified it as a major problem for banking competition and innovation in the banking industry - and proposed a new independent regulator.
Lord Turner, chairman of the UK's Financial Services Authority, said the new rules represented "a major tightening of global capital standards and will play a major role in creating a more resilient global banking system".
And yes, I got the feeling my cohort last night felt to varying degrees that we could well experience another meltdown in the financial markets since major banking institutions had not truly reformed themselves into stalwart institutions.
FORBES: My Cohort Believes QE Only Benefits the Nation's Wealthiest
Aabar, which is a major shareholder in Mercedes and has large stakes in banking and aviation companies, had never previously invested in real estate outside of Abu Dhabi.
This move by Citigroup is also the first by a major global bank to expand retail banking services in India since 2008 with many competitors like Barclays, UBS and JPMorgan scaling down retail and private banking operations in recent years.
FORBES: Citigroup Charges To $36, Bets Big On India's Credit Card Market
Investors, for instance, who picked up the stocks of major US banks in the middle of the 1990-91 banking crisis fared extremely well, as the stocks of these banks soared once the crisis was over.
At least one major recession will likely occur, perhaps in contagion with an Asian banking crisis.
But they went so far that they have, in my view, affected the competitiveness of many of our major investment banking firms.
FORBES: Loop Capital Isn't Afraid Of The Big Bad Banks, Muni Bonds
In a joint statement, the US Federal Reserve and other major US banking regulators said the deal "provides for a more stable banking system that is less prone to excessive risk-taking".
Scharf has a long history in the credit card and retail banking business, with stints at major U.S. operations.
FORBES: Visa Taps JPMorgan Executive Charles Scharf As New CEO
As befits a Swiss bank, UBP keeps an ultra discreet and risk-averse profile, with liquidity exceeding regulatory requirements, but in 2008 it shocked the banking establishment when its clients emerged as major victims of swindler Bernard Madoff.
FORBES: Hedge Fund Pioneer Edgar De Picciotto Is A Billionaire
One of the major attractions is that a eurozone banking union would avoid investor flight or bank runs in one country.
Major profit centers like underwriting and investment banking remain at low ebb and trading is problematic in a shaky market setting.
The 166-year-old Philippine property, banking, telecommunications and industrial group has seen competition surge in virtually every major line of business it is in.
Agriculture Department and banking officials said they could not recall a previous instance in which a major guaranteed agricultural-export loan had been claimed entirely by foreign banks.
The goal is to remove people who aren't "pulling their weight, " said one investment-banking head at a major bank, adding that "banks are overbuilt" in relation to the work available.
It comes at a time when the integrity of the big banking sector in general is being questioned, most recently because of allegations major banks manipulated a key interest rate in previous years.
Many major banking organizations operate them as well, which is why the FDIC gets to weigh in.
"Obviously, for millions of people on Main Street who wonder whether or not the Congress is paying attention to their concerns, what's happened to their homes, to their economic well-being, this effort that we've put into the last several days, I think, is a major step in the right direction of offering some real hope to people on Main Street, " said Senate Banking Committee Chairman Chris Dodd (D-CT).
Dodd, who is chairman of the Senate Banking Committee, which is about to bring major housing legislation to the floor, refinanced two loans in 2003 for his homes in Connecticut and Washington, D.
The banking sector in particular has been a lightning rod for public criticism, after a number of major banks in the United States and Britain received billions of dollars in taxpayer-funded rescue packages at the height of the crisis.
With an overabundance of highly motivated graduates with impressive degrees entering the work force each spring, Major League Baseball can capitalize on the apprehensions of young adults when it comes to pursuing traditional and unstable careers in banking, financial services and law.
FORBES: Advancements in Recruiting Could Create a New Generation of Baseball Executives
Setting low expectations seems like a winning strategy for banking executives these days, and Corbat, who announced 11, 000 job cuts in his first major move from the corner office in December, certainly has a hurdle he should be able to clear in the quarters to come.
FORBES: Banks On Parade: BofA, Citi Stumble After Latest Results
应用推荐