That is the only way of restoring confidence and protecting European banks' balance-sheets, thus ensuring that they can get on with the business of lending.
Many see Greece as little more than a protectorate of the EU. It is widely believed that the purpose of the bailout was less about helping Greece and more about saving the euro and protecting international banks from a default.
Meanwhile, the Fed and Treasury are protecting (absorbing) banks by guaranteeing their debts and buying their preferred equity.
The funds accuse the banks of protecting their own positions in derivatives trades in which hedge funds are often counterparties by propping up the prices of dodgy mortgages bought under the pretext of helping struggling borrowers.
They also can't be sure that the tools they have for protecting Italian or Spanish banks from any fallout will be strong enough - and credible enough - to persuade ordinary depositors that their money is safe.
Partly as a result of the Iceland fiasco, the British government has written to the European Commission seeking urgent consideration of improvements to legislation of cross-border banking in the EEA, including better ways of protecting depositors in branches of foreign banks.
On Wednesday Goldman was cleared of all charges, sending a message to sellers of businesses that investment banks are not responsible for protecting clients against fraud.
Theres a problem with such liberalization, says Alan Bromberg, a professor of securities law at Southern Methodist University in Dallas: The banks are more interested in protecting their own safety and soundness, not in protecting the interests of securities holders.
It keeps banks regulators completely in charge of protecting American families.
But their ratings enjoyed privileged recognition in regulations governing investments by banks and other financial institutions, protecting them from competition, so they had incentives to avoid rocking the boat.
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They said no to protecting patients from insurance companies and consumers from big banks.
While banking leaders are rightly concerned about preventing rogue trading, history shows that overall, the biggest banks have the best track record of protecting their profits.
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He wants to keep banks and brokers solvent, stable and profitable, protecting them from their insane loans and investments in Russia, Indonesia, Latin America, South Korea, even China.
Our leader wants to keep banks and brokers solvent, stable and profitable, protecting them from their insane loans and investments in Russia, Indonesia, Latin America, South Korea, even China.
Banks will also need to create change from the inside by protecting whistle-blowers, says Mr Luyendijk.
This is part of a continuing trend in which central banks have increased their gold reserves as a way of hedging or protecting against the fall in value of their holdings of paper money like the dollar and the euro.
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His or her job is to help set up large transactions big banks such as RBS, as well as big investors, while protecting their anonymity and details of their transaction, so that other traders cannot manipulate the market against them.
In recent weeks there have been rumors that other global central banks are considering major commitments to gold and gold mining shares as a way of protecting against expected weakness in the dollar.
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As part of a series of EU reforms partially aimed at protecting the euro, the European Central Bank will be directly supervising around 200 of the largest European banks from 2014 - but will have the right to intervene if smaller lenders are in trouble.
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