superintendent of financial institutions, took the newly established position of vice chairman of the Committee on Banking
In addition, the Board has considered its supervisory experiences and those of the other relevant banking
supervisory agencies with the organizations and their records of compliance with applicable banking
Increasingly, [online banking
and e-commerce] are occurring during working hours and in the office where many people have daytime access to the Net.
But even as it adds convenience for the customer, technology may prove to be the single greatest challenge to the community banking
From ATMs to online services, Bradesco is a leader in bringing banking
technology to the nation.
"Already," she said, "upper-and middle-income Americans enjoy the safety and convenience of a highly regulated banking
industry that provides competitive prices and is closely supervised to limit improper activities....Many poor people, on the other hand, are relegated to fringe bankers who are unregulated, unsupervised, and routinely charge exorbitant rates in the uncompetitive financial services market that exists in the low-income community."
Its integrated business model, where lending and underwriting have effectively been combined under one roof, makes it easier for BankAmerica to press the relationship argument to its business customers, according to Edward Carter, who heads up corporate and investment banking
at the Charlotte, N.C.-based company.
In October 1998, I attended the IMF-World Bank annual meeting in Washington, D.C., and went to a panel on "Strengthening Banking
Systems." I'd just read a news report that then-Deputy Treasury Secretary Lawrence Summers had remarked that a $4.8 billion IMF loan to Russia might have ended up offshore.
Thus, one last caveat: Don't make your banking
decision strictly based on rates.
system closer to that of South Korea or Japan.
* Assets required to be held to conduct a banking
business (i.e., Federal Reserve Bank stock, Federal Home Loan Bank stock, Federal Agricultural Mortgage Bank stock or participation certificates issued by a Federal Intermediate Credit Bank that represent nonvoting stock in the bank).
One spring morning nearly four centuries later, not far from where that remarkable deal occurred, Dutch banker Peter Jan Kalff rang the opening bell at the New York Stock Exchange, allowing its pin-striped natives to buy the newly listed American Depositary Receipts of ABN AMRO Bank Holding N.Y., the Amsterdam-based international banking
titan, at $18.50 a share.