"Regulators have reduced the complexity of products, but they have increased regulatory complexity so it's more complex for bank management, " he said.
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As a member of the Wells Fargo (nyse: WFC - news - people ) board, Buffett recently opposed the bank management's decision not to expense stock options.
"Of the expected... redundancies, approximately 45% will come from the investment bank, 35% from wealth management and Swiss bank, 10% from global asset management, and 10% from wealth management Americas, " the bank said in its statement.
How can you begin to articulate sensitively the key points about disaster management succinctly in just a few minutes when you are sandwiched tightly between job losses at a Swiss bank and management changes at Apple?
They can also use it to put controls around activities such as bank account management and foreign-exchange trades.
Joshua Feinman, chief economist at Deutsche Bank Asset Management, noted that the Labor Department payroll report indicated fewer hours worked and no signs of an upward trend in wages.
However, a number of member states have rejected these proposals, saying that there should be no new laws on guarantee schemes until separate legislation on bank crisis management is finalised.
Mr. Russell, of U.S. Bank Wealth Management, said he had thought the recovery would force the Fed to pare back its asset-purchase program as soon as the third quarter of this year.
The move by Bank of China may also reflect risk management by the bank itself rather than bigger diplomatic motives.
Deutsche Bank is more like a bunch of franchises that include an investment bank, an asset-management arm, a retail bank, a commercial bank and a private bank for the well-off.
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The finance ministry said the bank's management would receive no bonuses, and that salary cuts were to be expected.
The bank's management felt it could raise a token amount to alleviate market concerns without destroying credibility, these people said.
Meanwhile, Mack has emphasized the firm's investment bank and asset management areas, striking several deals to acquire hedge fund managers, for example.
Wachovia (nyse: WB - news - people ) Chief Executive Ken Thompson is quietly beefing up his investment bank's management.
"This won't help the many who already took their 2010 RMDs, " says Blanche Lark Christerson, a managing director at Deutsche Bank Private Wealth Management.
First Republic Bank is a full-service bank and wealth management firm.
Meanwhile, the Bank of England (BoE) has been drawn into the affair after a whistleblower claimed the existence of emails between the central bank and Barclays management.
As the chief financial officer at Dimon's Bank One, Miller helped put in place policies that would streamline the Chicago bank's management, cut costs, and encourage revenue growth.
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And the commission is delaying a bank crisis-management system.
Late Wednesday, Bank of America announced some of its plans: It will fire 3, 000 employees and replace the head of its investment bank, Gene Taylor, with Brian Moynihan, who has headed up investment management at the bank since 2004.
The bank's top management team disintegrated last summer after it admitted trying to rig interest rates.
The union expects to enter formal negotiations with the bank's senior management next week.
Slatin added that the key is what kind of management influence Bank of America will want to assert on Countrywide.
Only five board members remain from the bank's former management team under Sir Fred Goodwin, who was ousted in October following the government bail-out.
There have also been calls for the creation of an Asian BIS to enhance regional cooperation in such areas as bank supervision and reserve management.
"You're basically having severe losses in development gains which undermine efforts to fight poverty, " said Margaret Arnold, program manager for the World Bank's hazards management unit.
The appointment of MarcelRohnerMarcel Rohner as UBS chief executive to replace the ousted PeterWuffliPeter Wuffli signals a change of focus at the Swiss bank, toward wealth management and away from its riskier investment banking division.
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