Banking Power

Banking Power

The ability of a bank to conduct activities. Banking power is given by the appropriate government agency. Activities permitted under banking powers are regulated; they may include retail banking or commercial banking, as well as permissible nonbank activities such as insurance, trading on the secondary market for mortgages, or investment banking. See also: Glass-Steagall Act, Gramm-Bliley-Leach Act.
References in periodicals archive ?
Experts said the survey findings proved that Britain was still the second-biggest banking power in the world, behind America.
Australia and New Zealand Banking Group Limited (NYSE: ANZ) (AX: ANZ) is planning to expand its presence in China as part of its plans to become a regional banking power in Asia, The Australian has reported.
Our Banking Power Leaders list recognizes individuals in our community that are the true leaders in their field," said Kate Herman, president and publisher of the Nashville Business Journal.
The banking powers are more despotic than a monarch, more insolent than autocrat, more selfish than bureaucrat.
Following a historical overview of the US banking system, chapters discuss establishing a bank, banking powers, geographic expansion, safety and soundness, deposit insurance, consumer protection and basic financial services, affiliations, securities, insurance, investment management, examination and enforcement, bank failure, and international banking.
Incorporated in Luxembourg but based in London, the BCCI was licensed as a deposit taker, without full banking powers, in 1980 -allegedly in the face of dire warnings about its lack of financial prudence.
Post, formerly Chief Financial Institution Regulator for the New Mexico banking department, joined the bank because he believes that expanded banking powers and the concept of a universal bank are long overdue and necessary for the banking industry.
As you know, the Federal Reserve Board has long supported nationwide interstate banking, insurance sales, and full investment banking powers to provide the public the benefits of wider competition, and it supports the payment of interest on required reserves to reduce the costs imposed on banking institutions as regulated entities.
The study, released last October, highlights the problem of discrimination in lending at a time when banks are seeking interstate banking powers.
When two of New York's mightiest banking powers announced last week they would merge, area realtors cringed at the thought of more vacant office and retail space.
According to Reuters, the UK government said on Monday that it was prepared to extend its special banking powers.
expanding their Florida operations with full banking powers and up to