Sentences with phrase «of bank holding companies»

GLB and its accompanying regulations define «financial institutions» as including institutions engaged in the financial activities of bank holding companies, which may include the business of insuring.

That in part reflected the emergence in April, 1987 of court sanctioned, and Federal Reserve regulated, «Section 20» investment banking affiliates of bank holding companies.

The Bank Holding Company Act of 1956, amended in 1970, restricted the insurance activities of bank holding companies.

6) The piece spends too much time on the dividend policies of bank holding companies, and no significant time on the abilities of the subsidiaries ability to dividend to the bank holding companies.

In the case of a bank holding company, pledging of the holding company stock and stock of the bank itself is required.

d. The licensee is a direct or indirect wholly owned subsidiary of a bank holding company or financial services holding company subject to regulation by the Federal Reserve Board or the Office of Thrift Supervision.

Represented the purchaser of a controlling interest of a bank holding company, including representation before the Federal Reserve Board

Responsibilities include IT security, risk and compliance strategies, especially in the context of Bank Holding Company transformation efforts, Disaster Recovery and Enterprise Project Management.

Not exact matches

• Pacific Premier Bancorp acquired Grandpoint Capital, a Los Angeles - based holding company of Grandpoint Bank.

The holding company for The First National Bank of Long Island posted revenue of $ 35.6 million in the period.

It's a far cry from the days — say 15 years ago — when less than a dozen banks held a corporate loan on their balance sheet, and companies could renegotiate the terms of their loan with a single creditor, or a small committee.

After the 2008 financial crisis when Goldman became a bank holding company, it could take in more customer deposits, which led to an increase in its holdings of more than $ 40 billion over the past six years.

«Holding the company accountable is important, and I hope others will learn you can't sweep this kind of thing under the rug,» Warner, a member of the Senate Banking Committee, said in a tweet.

The bank holding company posted revenue of $ 8.3 million in the period.

After Agnelli's passing, Elkann, thrust to the forefront by the untimely deaths of two potential successors, was named chairman of Fiat and chairman and CEO of Exor, the family's $ 142 billion holding company with interests in commercial real estate, banking, media, heavy equipment, and the soccer team Juventus.

The four conglomerates originated in different sectors, but their underlying business model is the same: cultivate powerful allies in the Communist Party; use those relationships to win regulatory and property concessions; gather investment from friends, family and other proxies of party elites into a murky, unregulated private holding company; borrow heavily from state - owed banks and other sources to finance prodigious growth plans; invest as aggressively as possible in stock and property overseas as a hedge against slower growth in China and the risk of a weaker Chinese currency.

The Utah - based bank holding company reported earnings of 57 cents a share on revenues of $ 116.9 million, beating analyst expectations on both top and bottom lines.

The Bank of Canada said in October that uncertainty about who would replace Barack Obama in the White House causing Canadian companies to hold off on new investments.

The Guardian reports that Gunnlaugsson co-owned a British Virgin Islands — registered company called Wintris Inc., which reportedly held shares worth nearly $ 4 million in three Icelandic banks that collapsed during the financial crisis of 2008.

Boynton, who joined Torstar last March after holding senior positions at Aimia Inc. and Rogers Communications Inc., said the company ended with $ 71.4 million in unrestricted cash and no bank debt at the end of 2017.

Its global acquisitions included Minnesota - based Carlson Hotels, owner of the Radisson and Park Plaza Hotels; a 25 % stake in Hilton Worldwide Holdings; a 9.9 % stake in Deutsche Bank; the aircraft leasing arm of the New York financial firm CIT Group; and Ingram Micro, the Irvine - based company that is the world's largest distributor of technology products.

The financial sector changes were later confirmed by Yi Gang, the newly appointed head of China's central bank, who said foreign investors would be allowed to hold up to a 51 per cent equity stake in brokerage firms, futures companies and fund management firms.

You are an authorized representative of a bank, broker - dealer, insurance company, registered investment adviser or other professional client (together, «Financial Institutions») engaged in business activities outside the United States of America (a «Non-U.S. Adviser») and the Financial Institution has authorized you to access and use the Holdings Information.

There was no way, under prevailing law, to wind down the systemically important bank - holding companies that were at risk of failing.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

ADRs are issued by U.S. banks against the actual shares of foreign companies held in trust by a branch or correspondent institution overseas.

Smead, whose portfolio is about two - thirds invested in companies that he says will benefit as millennials reach parenthood, holds homebuilder NVR Inc, mortgage lenders such as Wells Fargo & Co and Bank of America Corp, and local - advertising plays such as Gannett Co, which owns car - shopping website Cars.com.

The HRC also continues to monitor a separate, on - going risk assessment by senior management of the Company's broader employee compensation practices as part of the Federal Reserve's regulatory initiative on incentive compensation paid by bank holding companies.

Most Bitcoin exchanges on the contrary hold your funds as a rule unsecured on the company bank account of the exchange operator with the risk of a total loss should the exchange operator become insolvent.

But there are 2 factors to consider in the muni market: First, banks and insurance companies held 28 % of the municipal bonds on the market as of the second quarter of 2017.

NEW YORK — The Federal Reserve Bank of New York approved the application by The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York, to acquire fifty additional shares of 473 Broadway Holding Corporation and two thousand additional shares of The Adirondack Trust Company, both of Saratoga Springs, New York.

DUBAI, May 3 (Reuters)- State - owned Egyptian Electricity Holding Company (EEHC) is raising a syndicated loan of up to around $ 700 million with Credit Suisse and HSBC leading the deal, banking sources said.

Before joining Franklin Bissett, Mr. Riach was vice president of a Canadian mutual fund company, and for 10 years before that he held senior positions in the corporate finance area with a national energy firm and a major Canadian Bank.

As a wealth management client, investment assets are held in an account at Pershing Advisor Solutions, a Bank of New York Mellon Company.

Under the regulatory capital guidelines currently applicable to bank holding companies (Basel 1), the firm's Tier 1 capital ratio (11) was 13.8 % and the firm's Tier 1 common ratio (12) was 12.1 % as of September 30, 2011, compared with 14.7 % and 12.9 %, respectively, as of the end of the second quarter of 2011.

Mr. Harris began his career with INA Corporation (now CIGNA) as a member of its international staff and with Fidelcor Inc., a bank holding company.

The legal list of securities through a state agency is usually a banking firm through the permission of one of the mutual holding companies.

If the FDIC had authority over insolvent non-bank financials and bank holding companies, it could wipe out equity and an appropriate amount of bondholder capital, and sell the fully - functioning residual to an acquirer, as is typically done with failing banks, without any loss to depositors or customers.

Fidelity Southern Corporation is one of the largest publicly traded bank holding companies based in the metropolitan Atlanta area.

2013 sponsors include Dell Inc.; UPS; PepsiCo, Inc.; Shell; Avis Budget Group, Inc.; Chevron; Pitney Bowes Inc.; General Mills; Raytheon Company; Exxon Mobil Corporation; Pfizer Inc; Wells Fargo; DTE Energy; Energy Future Holdings; Walmart / Sam's Club; Altria Group, Inc.; BP America Inc.; Accenture; Bank of America; IBM Corporation; ManpowerGroup; Microsoft Corporation; ALOM; ASAP Solutions Group, LLC, and Superior Workforce Solutions, Inc..

Because we do not expect to earn revenue from our business operations during the current taxable year, and because our sole source of income currently is interest on bank accounts held by us, we believe we will likely be classified as a «passive foreign investment company,» or PFIC, for the current taxable year.

He owns and runs Kingdom Holding Company, which has a market cap of $ 18 billion and invests in various business sectors including hotels, media, banking, technology and real estate.

Dept - to - GDP of whole countries has paralleled the debt leveraging of systemically Too - BIG - to - Fail Bank Holding Companies which means that the TBTF banks have to be broken up, and so too does the overtly overleveraged Central Banking System that currently controls the servicing of debts that are no longer actually serviceable from a mathematical standpoint.

With a principal presence in Georgia, Alabama, and South Carolina — it falls right into the third tier of banks, and narrowly made its way onto the top 50 bank holding company list, placing at number 50 with $ 26.2 billion in assets.

Over the course of his career, Mr. Kaushal has worked in senior roles with a number of Canadian investment banks, including Desjardins Securities Inc., Orion Securities Inc., Vengate Capital Partners Company, HSBC Securities Inc., Medwell Capital Corp. and Gordon Capital, and has held various roles within the private equity / venture capital industry.

As of 06/30/14, National Oilwell Varco represented 2.6 %, FedEx Corp. 2.2 %, Baker Hughes, Inc. 2.1 %, Dover Corp. 2.7 %, General Motors Co. 3.2 %, Bank of America, Inc. 3.1 %, TD Ameritrade Holding Corp. 1.8 %, Carter's Inc. 0.2 %, MasterCard, Inc., Class A 1.9 %, Knowles Corp. 0.5 %, General Dynamics Corp. 1.8 %, Foot Locker, Inc. 1.8 %, Scripps Networks Interactive, Inc., Class A 1.5 %, Aflac, Inc. 0.9 %, Oracle Corp. 3.4 %, Quest Diagnostic, Inc. 0 %, Atlas Air Worldwide Holdings, Inc. 0.1 %, Rowan Companies plc 0.4 %, Cenovus Energy, Inc. 0 %, Fidelity National Financial, Inc. 1.1 %, Devon Energy Corp. 0 %, and Ultra Petroleum Corp. 0.7 % of the Oakmark Equity and Income Fund's total net assets.

Still, the famous long - termist did take a measured look at the scandal, and has only sold the bank's stock of late so that Berkshire could get below 10 % ownership, the threshold that would turn Berkshire into a bank holding company.

As ever, these days some of Berkshire's largest holdings are in famous financials; big bank Wells Fargo is the company's No. 2 stock by market value, while credit card giant American Express (NYSE: AXP) isn't far behind at No. 5.

The Bank of England earlier this month said the resulting uncertainty is starting to affect companies» business and investment decisions, prompting it to hold interest rates steady and cut its economic growth forecasts for 2017 and 2018.

«The Federal Reserve regularly monitors the commodity activities of supervised firms and is reviewing the 2003 determination that certain commodity activities are complementary to financial activities and thus permissible for bank holding companies,» stated the Federal Reserve.