In Venezuela, Finance Minister Ali Rodriguez said the government would take control of Stanford Bank Venezuela, after a wave of panic withdrawals, even though the bank's assets are separate from SIB.
It includes a fairly standard set of perks, like access to premium concert tickets, airline rewards programs and the like, and Bank of America will wave the annual fee for customers who stick with its private wealth and investment management division.
But steep falls in the value of Italian or Spanish government debt risk a wave of bank failures.
ECONOMIST: The euro zone on the edge: The road to Rome | The
Kamath's own steadiness at the wheel of the bank, part of India's turbocharged corporate wave, wins him recognition as FORBES ASIA's 2007 Businessman of the Year.
Wave after wave of bank failures there have forced governments to tighten regulation and supervision, to privatise unwieldy state banks and to open once-pampered institutions to competition.
In a misguided attempt to prop up house prices and prevent the next wave of bank failures, the Fed is destroying the value of the working poor's cash.
Sir Alan Budd, former chief economic adviser to the Treasury, says that this will almost certainly have to be on the first day of the year to coincide with the bank holiday, as occurred with the first wave of euro entrants.
Banking is on another wave of consolidation, and bank lending is still an underdeveloped business inGreece.
Japan's stock market continued to rise on a wave of enthusiasm for the Bank of Japan's aggressive new approach to shaking the world's third-largest economy out of its two decade slump.
Lehman's bankruptcy filing on Monday, Merrill Lynch's merger deal with Bank of America, and the government's rescue of American International Group on Tuesday prompted a wave of selling in financial stocks Wednesday.
There has been no shortage of bank regulation (or regulators) over the past 20 years, but none of them prevented the wave of failures.
And the Federal Reserve Board is imposing new stress tests to determine whether leading banks can withstand a wave of sovereign- debt and bank defaults in Europe.
WSJ: Agenda | Irwin Stelzer: Euro-Zone Shark Still Has Its Appetite
Investors are also weighing the prospects for an interest-rate cut or other action by European Central Bank officials scheduled to meet Thursday, following another wave of disappointing economic data from the euro zone in recent days.
Demand at the moment is very high (maybe peaking?) so Apple is riding that wave of popularity all the way to the bank, for now.
FORBES: Apple's "Killer" iPhones, Killing Phone Company Margins
Yet now share prices have slumped and the central bank has been forced to reassure financial markets that a wave of defaults in the sector will not hurt the banks, which have about 7% of their loans to the power industry, mainly to generation firms.
Those purchases appear to have set off a national wave of front-running as other enterprises, rich with easy bank loans, bought commodities with hopes of selling them at a higher price.
The officials had federal approval to buy stolen bank information leaked from Credit Suisse in 2010, a move that triggered a wave of tax declarations by Germans seeking to avoid tax evasion charges.
FORBES: Switzerland to Attempt to Arrest German Tax Collectors
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