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 ?
In their 2012 report, thirteen Iranian banks were ranked based on their profitability, performance, size, credibility and banking power.
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.
Based on the Merchants National decision, banking lobbies in Delaware and Illinois have now become extremely active in attempting to change state banking powers to include the sale of insurance.
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.
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.
While Congress is considering expanding banking powers (in a move not unlike the one that unleashed S&Ls in the early 1980s), it should not be undermining consumer participation in banking activity.
He is expected to strengthen the coalition's presence before the courts and regulatory agencies in the area of banking powers and regulation.