Sentences with phrase «by other banks at»

Go to any ATM and we'll automatically refund fees charged by other banks at the end of your monthly statement period.

Not exact matches

Quite apart from the argument over OSFI - style oversight, the former federal official and others stress this segment of the market at least requires more transparency and clearer data so regulators and the Bank of Canada can better understand the credit landscape and the extent of high - risk loans issued by private lenders.

If it has more at the Fed than is required by regulation, it lends the extra to other banks, which might not have enough in reserve.

«In soliciting investments in the Fake Funds, CASPERSEN made the following false representations to investors, among others: in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Accounts.

The often blunt CEO of JPMorgan Chase rose up the ranks of Wall Street and, after being ousted from Citigroup by former CEO Sandy Weill, later went on to the top job at JPMorgan and is credited with leading the bank through the financial crisis relatively unscathed compared to other banks.

In other countries, he notes, banks are making products more tangible by allowing customers to shop for them in off - the - shelf boxes, which makes things like getting a new bank card as easy as picking up cornflakes at your local supermarket.

As evidence, they cite the decision by Bank of America (BAC) to abandon its plan for debit card fees and the decision of many other large banks not to impose them at all.

The banks that are most technologically advanced allow their customers to dial in via computer; others can give customers account - balance updates at specified daily intervals, by either fax or secure voice mail.

UBS bank analyst Brennan Hawken estimated at the time that a 25 % FICC cut could boost ROE by 125 basis points or more, if reinvested into other divisions of the firm.

If your shares are held in an account at a brokerage firm, bank, broker - dealer, or other similar organization, then you are the «beneficial owner» of shares held in «street name,» and a Notice was forwarded to you by that organization.

But at least one analyst who tracks big Wall Street firms» bonds says there may be an even bigger problem: Investors, pressured by the need to generate income, simply don't care whether the banks are too big to fail — one way or the other.

Carolyn Wilkins, the No. 2 at the Bank of Canada, told me in an interview that Canada's housing market is trifurcated, or like a triple - layer cake: Toronto and Vancouver; Calgary and other places affected by the collapse of oil prices; and everywhere else, where housing prices are flattening out.

Those stockholders whose shares are held in street name may attend and vote at the Annual Meeting by obtaining a legal proxy provided by their broker, bank or other organization and bringing that legal proxy to the Annual Meeting.

You can obtain a legal proxy by contacting your account representative at the bank, brokerage firm, broker - dealer or other similar organization through which you hold your shares.

However, a budget deficit that takes the form of transfer payments to banks, as in the case of the post-September 2008 bank bailout, the Federal Reserve's $ 2 trillion in cash - for - trash financial swaps and the $ 700 billion QE2 credit creation by the Federal Reserve to lend to banks at 0.25 % interest in 2011, has a different effect from deficits that reflect social spending programs, Social Security and Medicare, public infrastructure investment or the purchase of other goods and services.

Federal Funds Sold are short - term loans to other depository financial institutions without any collateral, provided by Federal Reserve banks, usually at the Federal Funds rate.

Those stockholders whose shares are held beneficially through a brokerage firm, bank, trust or other similar organization (that is, in «street name») also may attend and vote at the Annual Meeting by obtaining a legal proxy provided by their broker, bank or other organization and bringing that legal proxy to the Annual Meeting.

Federal Funds Purchased are short - term loans to other depository financial institutions without any collateral, provided by Federal Reserve banks, usually at the Federal Funds rate.

If your Shares are held in the name of a broker, bank, or other nominee and you want to vote in person, you will need to obtain (and bring with you to the 2015 Annual Shareholders» Meeting) a legal proxy from the record holder of your Shares (who must have been the record holder of your Shares as of the close of business on April 10, 2015) indicating that you were a beneficial owner of Shares as of the close of business on April 10, 2015, as well as the number of Shares of which you were the beneficial owner on the record date, and appointing you as the record holder's proxy to vote the Shares covered by that proxy at the 2015 Annual Shareholders» Meeting.

At Bear, Stearns & Co., Mr. Abbott served as a Vice President in Financial Analytics & Structured Transactions (F.A.S.T) where he structured and reverse engineered complex CDO transactions, secured by a wide range of debt products, including high yield bonds, senior secured leverage loans, trust preferred bank loans, RMBS as well as other esoteric receivables.

The practice at issue involves trustee banks overseeing the vast and complex mortgage pools bought by pension funds, mutual funds and others.

It seems bizarre that the most reasonable understanding of why the 2008 bank crisis did not require a vast public subsidy for Wall Street occurred at Monday's Republican presidential debate on June 13, by none other than Congressional Tea Party leader Michele Bachmann — who had boasted in a Wall Street Journal interview two days earlier, on Saturday, that she voted against the Troubled Asset Relief Program (TARP) «both times.»

What is to stop U.S. banks and their customers from creating $ 1 trillion, $ 10 trillion or even $ 50 trillion on their computer keyboards to buy up all the bonds and stocks in the world, along with all the land and other assets for sale, in the hope of making capital gains and pocketing the arbitrage spreads by debt leveraging at less than 1 % interest cost?

-- Goethe What is to stop U.S. banks and their customers from creating $ 1 trillion, $ 10 trillion or even $ 50 trillion on their computer keyboards to buy up all the bonds and stocks in the world, along with all the land and other assets for sale, in the hope of making capital gains and pocketing the arbitrage spreads by debt leveraging at less than 1 % interest cost?

This range is relevant to delineate particularly at a time when emerging markets» strength in general is being questioned and as tapering by the Federal Reserve and other central banks is having its inevitable global impact.

They already use money in an electronic form in the reserve accounts at the central bank that can be held only by banks and other designated financial institutions.

At last month's Seoul summit of the G20 — or the G19 +1, as one senior Asian central bank official recently dubbed it — the US was isolated from the other world economic powers by the Federal Reserve's decision to print hundreds of billions of dollars to boost the struggling US economy.

Last year, the member - owned network of banks and other financial institutions revealed a successful proof - of - concept aimed at reimagining the nostro - vostro accounts used by companies to store cash around the world, and in January, it signed an agreement with seven central securities depositories to evolve the way the centralized organizations might leverage blockchain.

Consider the fact that in the upward whoosh of the Trump Bump our friends at BAC actually outperformed the other large zombie banks and by a wide margin.

The Bank of England is expected to keep the funding rate at 0.50 % while moving to increase the ASSET PURCHASING FACILITY (QE BY ANY OTHER NAME) by another 50 BILLION POUNDS to a level of 325 BILLION STERLINBY ANY OTHER NAME) by another 50 BILLION POUNDS to a level of 325 BILLION STERLINby another 50 BILLION POUNDS to a level of 325 BILLION STERLING.

It was imposed on Greece by Ms. Merkel and other pro-bank leaders that Greece not hold the referendum that Pasok Prime Minister Papandreou had proposed on the bailout of French and German banks at Greek expense.

They seldom delivered on the fiscal responsibility bit or the money in the bank, but they were pretty good at squeezing public services by keeping a lid on revenues other than user fees.

Because it serves to remind us that even today the «money» that commercial banks and other private - market financial firms produce is in an important respect not the real McCoy at all, but ersatz (if often more convenient) stuff that serves in place of it, and does so only because the firms that supply it, not only make it very convenient to use (e.g., by swiping a debit card), but at the same time offer its users something akin to money - back (which is to say, a «money proper» - back) guarantees.

If one searches for news on LIBOR (= London Interbank Offered Rate, i.e., the rate at which banks lend dollars to each other in the euro - dollar market), they are currently dominated by Deutsche Bank getting slapped with a total fine of $ 775 million for the part it played in manipulating the benchmark rate in collusion with other banks (fine for one count of wire fraud: US$ 150 m.; additional shakedown by US Justice Department: US$ 625 m., the price tag for a deferred prosecution agreement).

With the FED being the dominant borrower (willing to borrow at higher rates), banks, GSEs and money market funds have less desire to provide short - term funding for other entities, thus forcing them to borrow at the rate set by the FED.

Citigroup, however, the bank that spectacularly blew itself up with toxic derivatives and subprime debt in 2008, became a 99 - cent stock during the crisis, and received the largest taxpayer bailout in U.S. financial history despite being insolvent at the time, today holds more derivatives than 4,701 other banks combined which are backstopped by the taxpayer.

This is highlighted by Bank of America's highest APY coming in at 1.00 %, a rate that other banks bypass easily.

While its very large e-commerce has been a strong driver of the rise of alternative payment providers in the country, Citi points at a number of other factors that have facilitated the rise of those third - party payment companies, among which an under - developed banking system viewed by the public as quite unreliable (unsurprising given how tightly controlled banking is in China, which has stifled customer - oriented innovation), and «relaxed regulation.»

While it's impossible to prove without access to the inside books at DB and at the ECB, I believe the primary driver behind the LIBOR - OIS rate spread reflects a growing reluctance by banks to lend to other banks for a duration longer than overnight.

The Small Business Administration (SBA) guarantees commercial loans made to small businesses at below - market rates by banks and other lenders.

Indeed, when it came up at FOMC meetings, Ben Bernanke, Janet Yellen, and others expressly rejected the idea that QE would stimulate the economy by boosting bank lending.

Rates at Citizens Bank are also similar to, and in some cases, better than rates offered by other banks and online lenders.

I turned intentionally to a life of crime at age twelve and found myself facing the death penalty at age twenty for offenses including conspiracies to commit bank robberies, hijackings, and homicide, and then, after a merciful and undeserved reprieve from God, spent ten years in America's worst prison trying to figure out, among other things, the nature of punishment — and «Saving Punishment» by Stephen Webb is certainly the best meditation I've come across on the subject.

By the teen years, they will be shoveling the neighbor's walk, building the neighbor a lawn border, sorting food at the food bank, picking up garbage on the river bank, and volunteering in the community for no other reward than the good feeling of making the world a better place to live.

Just 16 percent of eligible children in Illinois participate in the federal Summer Food Service Program, which provides daily meals at community centers and other organizations, including those served by the Greater Chicago Food Depository in Cook County and Northern Illinois Food Bank in surrounding counties.

Delivering a statement to MPs, the chancellor attacked the tripartite regulatory system set up by New Labour for failing to detect the wrongdoing at Barclays and other banks in 2005, 2006 and 2007.

In fact, FRED is so good at making data available that many people — two million annual users — rely on its APIs, RSS and Excel feature to update data originally generated by other government or banking sources.

It provided the framework for the other correct polices that began to be laid out at the Labour Party conference — for example on the National Investment Bank, opposition to removing the budget deficit by cuts to welfare.

The BoG further assured that the «PPA is an independent public institution whose work can not be influenced by the Bank or any other institution» and that «at all times, the Bank abides by good governance principles that ensure a robust and effective internal control systems and processes.»

Iceland's banking sector was allowed to grow to a disproportionate size relative to Iceland's GDP, including by offering foreign currency savings accounts at attractive interest rates, which implicitly put the Icelandic government, and therefore the Icelandic people, on the hook for ultimately repaying other countries when Iceland's banking system collapsed and a systemic Icelandic bank run occurred.