But with the banking industry in crisis, GM is taking no chances.
It does raise questions about the sincerity of the SEC in working with Congress in the current process of coming up with meaningful regulations on the banking industry in the wake of the most recent financial collapse.
LePage says the credit crunch that began with the meltdown of the subprime banking industry is one factor in the current housing slump.
With the increasing globalization of the banking and securities industry, employees at firms such as Goldman Sachs, JP Morgan, UBS, Citibank, Morgan Stanley Smith Barney, etc.
FORBES: To Serve Man In Jerusalem or Pennsylvania In SEC Case
Mr Ivanishvili made his fortune in Russia in the early 1990s, with stakes in the metals industry, banking and later property, including hotels.
And he is doing this while his colleagues Timothy Geithner and Lawrence Summers, the Treasury Secretary and the director of the National Economic Council, are charged with rescuing the national banking system and the automobile industry.
Celebrity chef Mario Batali seemed undecided, but included Jobs on his short list, along with food writer Michael Pollan and the banking industry (about which, more later).
FORBES: Steve Jobs May Be Time's First Dead Person of the Year
The FSA warned the banking industry at the time that complaints should be dealt with as normal.
Kovacevich recounts a disturbing conversation he had with the Federal Reserve during the crisis that underscores the potential perils of placing the banking industry under a single regulatory body.
FORBES: Richard Kovacevich on What Really Caused the Financial Crisis
The British banking industry has been among the worst hit by the crisis with the government stepping in to rescue several major banks, including Northern Rock and the Royal Bank of Scotland, from collapse.
It is a sign of maturity when companies start to understand, as the banking industry did over time with ATM machines, that they should charge less for using services that cost less to provide.
The difference is that it calls, in effect, for narrow banks within broad banks so it does not demand a radical restructuring of the industry, with separately constituted narrow-banking firms.
But Sudan's banking industry remains embryonic and few African countries combine the strong desire to promote Islamic banking with heavy demand from Muslim customers.
If we want to strengthen the banking industry, we need regulation with varying standards based on complexity and risk, rather than the size of a financial institution.
FORBES: How The Fed's Rules On Bank Capital Will Derail A Small Business Recovery
One compelling reason for change in the banking industry is that the evidence that a minority of banking consumer bore the brunt of these fees with the majority enjoying the benefit of free checking and debit cards.
We view Terracciano as a credible independent board chairman with strong banking industry experience, who is well respected by the investment community, Ball said.
On Project Merlin she said people would "recognise" Mr King's comments about the banking industry in terms of how they deal with consumers.
Current account holders and people with mortgages should be sent copies of the industry codes - the Banking Code and Mortgage Code every two years.
The letters appear to be tied to a broad Foreign Corrupt Practices Act investigation of the banking industry, said attorneys who are familiar with past FCPA investigations of other industries.
WSJ: SEC Probes Banks, Buyout Shops Over Dealings With Sovereign Funds
In the case of the investment banking industry, we now know--with blinding hindsight--that such a horror is possible.
When I retired from my mobile banking company in 2011, I felt unsettled about what was happening with banking, especially in the US. There is a lot of industry hype, but a alarming number of underserved and unhappy consumers.
FORBES: Why Banking Is Broken - And How It Can Be Transformed
But the risks he needed to take were hard to reconcile with those other Swiss virtues of prudence and sobriety virtues on which the banking industry had been founded.
Beyond the budget, Lew is expected to hew closely to the positions Geithner struck on Europe's debt crisis, the U.S. relationship with China and the administration's defense of the Dodd-Frank financial overhaul law that the banking industry has fought to weaken.
Another way investors stand to benefit from industry consolidation is through the publicly traded small to mid sized investment banking boutiques with merger and acquisition and capital raising capability.
By venturing into the banking world, Virgin is becoming part of an industry that has fallen out of favor with both the public and politicians.
All this, combined with the acquisition of Banpais by Banorte in 1997, has led to a more consolidated, not to say rejuvenated, banking industry.
应用推荐