Sentences with phrase «bank subsidiaries»
Bank subsidiaries refer to smaller banks or financial institutions that are owned and operated by a larger parent bank. These subsidiaries operate independently, but they are under the control and supervision of the parent bank. It's like having a smaller bank that is part of a bigger bank, with the larger bank overseeing and guiding its operations. Full definition
A registered bank holding company that provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through bank subsidiaries.
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The sub debt would have to be at the operating bank subsidiaries, which are smaller than the holding companies.
An «eligible Card» means a valid American Express ® US Small Business credit or charge Card that is issued by a US banking subsidiary of American Express.
National Australia Bank has named British banker David Duffy as the new chief executive of its Clydesdale Bank subsidiary in the United Kingdom, as speculation mounts about Nab's potentially «imminent» exit from its troubled British operations.
Gradifi works with more than 200 employers across the U.S. and is endorsed by the American Bankers Association through its Corporation for American Banking subsidiary.
Then, in 2014, Simple was acquired by Banco Bilbao Vizcaya Argentaria (BBVA) via its BBVA Compass Bank subsidiary for $ 117 million.
The bill, years in the making, keeps banking and commerce separate — an NAR priority — by barring new financial services firms and national bank subsidiaries from engaging in real estate activities other than lending.
Cleveland — Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), announced that it has expanded its affordable housing group to include four new team members.
I wonder if this thinking might not help to explain why Bank of America recently moved its $ 45 trillion (notional) of derivatives exposure from Merrill Lynch to its FDIC insured banking subsidiary.
The 20 - year - old RA 7721 allowed the entry of foreign banks either through ownership of up to 60 per cent of the voting stock of an existing domestic bank or of a new banking subsidiary or establishment of branches with full banking authority.
National Australia Bank has named David Duffy as the new chief executive of its Clydesdale Bank subsidiary as speculation mounts about NAB's potentially «imminent» exit from its troubled British operations.
Ally Bank, the company's direct banking subsidiary and member FDIC, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking.
In 2000, it opened its Ally Bank subsidiary, and in 2009, it transformed GMAC Bank into Ally Bank, soon renamed Ally Financial.
That co-branding relationship has ended, and Fidelity's cash back offering is now being branded as the Fidelity Rewards Visa Signature Card, which still has no annual fee and still earns 2 % cash back everywhere, but is now issued by a US Bank subsidiary («Elan Financial Services») on the Visa network.
Bank Commonwealth, the majority - owned banking subsidiary of Australias Commonwealth Bank is now offering foreign exchange in their new FX Shops in the tourist areas of Kuta and Legian and Denpasar Airport.
Finance A system to guarantee the investments in initial coin offerings (ICO) is being built in Russia by Globex, a commercial bank subsidiary of the state - owned VEB bank, and the Russian Association of Cryptocurrency...
And Vancity Savings, Canada's largest credit union, operates an online banking subsidiary, Citizens Bank, in multiple provinces.
TORONTO — Trouble in CIBC's Caribbean banking subsidiary left a mark on the bank's second - quarter results, but executives say despite the challenges they're not planning to exit the region.
The group expanded its branch network, particularly through Wafacash, its low - income banking subsidiary.
It filed for Chapter 11 bankruptcy in September 2008 after its Washington Mutual Bank subsidiary was seized by regulators and sold to JPMorgan Chase.
Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB).
This was most likely JPMorgan Chase Bank's slow, multi-year exit of retail banking and consumer credit cards in Canada, including dissolving several banking subsidiaries, much like Bank of America is also doing but somewhat further along.
Bank of the Ozarks, Inc. is a bank holding company with a single bank subsidiary.
Emigrant Bank, through its internet bank subsidiaries (DollarSavingsDirect, MySavingsDirect and EmigrantDirect), offers highly competitive interest rates.
In June 1994, Washington Mutual announced the pending acquisition of the Bellevue - based Summit Bancorp with its Summit Savings Bank subsidiary for $ 25 million in stock.
In July 2002, the San Mateo, California - based Bay View Capital Corporation announced the pending sale of the mortgage loan portfolio for its Bay View Bank subsidiary to Washington Mutual for a «slight premium to book value».
Prior to joining Heartland, McWey worked in several capacities at Bank of America's investment banking subsidiary, Banc of America Securities.
Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $ 30 billion of deposits and more than $ 40 billion of assets.
(The firm also advised Commerzbank, the second - largest bank in Germany, on its $ 14.4 billion acquisition of Allianz's former Dresdner Bank subsidiary that same year.)
In brief, the case relates to # 3.3 billion of ECNs issued by Lloyds Bank subsidiaries («LBG») in 2009.
The closed - door conference addressed the supervisory challenges of pan-African banking in detail, particularly the task of coordinating among economies that are at widely varying stages of financial sector development — and where bank subsidiaries are much more important — even highly systemic — to the local economies where they operate.
It is also essential that supervisors in countries hosting systemically important bank subsidiaries are involved in the process by attending meetings of supervisory colleges and exchanging information.
The Bank operates from over 230 branches in Nigeria and has banking subsidiaries in Kenya, Rwanda, Uganda, Cote D'Ivoire, Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom.
For example, Citi, through its Department Store National Bank subsidiary, issues cards for scores of retailers.
Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), announced that it has expanded its affordable housing group to include four new team members.
Each of those four banks also have an outsized presence on Wall Street; each of them received taxpayer bailouts during the 2008 crash; each received secret, below - market interest rate loans from the Federal Reserve during the crisis; and three of them (JPMorgan Chase, Bank of America and Citibank) are currently holding tens of trillions of dollars in derivatives within the insured banking subsidiary — meaning there would be a forced taxpayer bailout if the derivatives blew up the bank.
After the 2014 separation between SLM and Navient, SLM owned a new banking subsidiary and retained the large, dominant student loan origination franchise.
By 1975, 61 per cent of U.S. bank subsidiaries were concentrated in Latin America.
Ally Bank, the company's direct banking subsidiary, offers an array of banking products and services.
In 2000, GMAC opened its Ally Bank subsidiary, and in 2009, renamed it Ally Financial.
... CCIM Institute is the new name for the NAR affiliate Commercial Investment Real Estate Institute... Real estate classified advertising rose 2.8 percent to $ 782 million in the third quarter of 2000, the Newspaper Association of America says... The Office of Thrift Supervision, a federal bank regulator, has OKd plans by the Independent Insurance Agents of America trade association to launch its own bank subsidiary.
A wholly owned subsidiary of First Republic Bank (NYSE: FRC), Boston - based Gradifi offers the SLP Plan ™ (Student Loan Paydown) benefit to employers of all sizes and is endorsed by the American Bankers Association through its Corporation for American Banking subsidiary.
The industry includes 22 domestic banks, 26 foreign - bank subsidiaries, 23 full - service foreign - bank branches and six foreign - bank lending branches.
Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.
Perform the audit committee and fiduciary audit committee functions on behalf of our bank subsidiaries in accordance with federal banking regulations; and
While major banks are in the process of updating and adjusting their charges and fees, there are other alternatives to consider, among which finance companies, credit unions, bank subsidiaries, and others.