The group had wanted to buy Suria Capital, which owns Sabah Bank, but Bank Negara turned down its application last June for undisclosed reasons.
In 2008 and 2009 I probably wrote more than anything else about needlessly destroying bank capital with a strict application of mark to market accounting.
To his dismay, every bank he visited declined his application.
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The Federal Deposit Insurance Corporation held an unprecedented hearing into Wal-Mart's application to open a bank.
For yes, if you online bank from your phone then the application will be logging that data, pins, ID codes and all.
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It was quick to set up a new application that allowed a bank to crunch financial information, say, but IT staff still had to manually configure networks so the data could be shared securely.
While they submitted a new refinancing application in early March, helped by a legal services group, they received notice from the bank last week to start over and submit a new application, he said.
Even if such paranoia were justified, slimming down this market via a transaction levy would be an application of brute force when bank funding is already fragile.
"The bank is examining the validity of this application for bankruptcy in light of Mr Quinn's residency and extensive business interests and liabilities within the (Irish) state, " it said on Friday.
In December, the Bank of America launched its own mobile payment application that is linked directly to small-business owners' checking accounts, with customer payments available within a day.
It began designing a light-weight IntelliMatch application for the Apple tablet so bank users could check on operations even while they were out away from their desks in meetings, where many senior users spend most of their days.
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To win mortgage business, the bank is experimenting with a version that has no application, appraisal or other fees.
On the surface this is an interesting debate, but capitalism is a system where capital is rewarded for its application, be it in industry or in a bank deposit account.
Merely fulfilling the complex application procedure to open up on its own could take a bank five years, Mr Wu says.
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The bank considered rewriting the program to run in parallel, but it was a sensitive application they felt would be risky to revise.
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As I railed over and over in blogs, speeches and TV appearances prior to April 2009, the strict application of mark to market accounting to banks had a devastating impact on bank capital during the early stages of the financial crisis.
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