It means part of the investment bank operation, much of it in London, will be slimmed down or sold off.
They're phone bank operation teams with rows of volunteers reading scripts from computer screens as they ask people to come in and help.
The big European Central Bank refinancing operation on Wednesday is feeding a more positive attitude in the market place late this week.
On the European Union sovereign debt crisis front, the big European Central Bank refinancing operation was very well subscribed Wednesday, with banks taking more funding than expected.
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On the European Union sovereign debt crisis front, the big European Central Bank refinancing operation was very well subscribed Wednesday and the European bond markets are feeling the positive impact on Thursday, with generally lower yields.
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Since most of LTCM's money came from big Wall Street banks, the New York Federal Reserve Bank organized a rescue operation.
The Federal Reserve Bank will extend its Operation Twist program, a bond buying program that forces interest rates to historic lows and weakens the value of the dollar.
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The result has been a bloated cost structure that drags down profits when revenues from the bank's volatile mortgage operation fall.
Other candidates for the governor job include Hiroshi Watanabe, chief executive of the Japan Bank for International Co-operation, and professors Kikuo Iwata and Takatoshi Ito.
Overall, Asda Money is still dwarfed by the operation of Tesco Bank, which is fully owned by the supermarket, has 6.5 million customers, and - unlike Asda - has its own banking licence.
Senators Carl Levin and Tom Coburn, who conducted the hearing, said the permanent subcommittee of investigations had examined thousands of documents as part of its review and thanked the bank for its co-operation.
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Starting with Bank of Scotland's operation of payment cards for Marks and Spencer, a retail chain, they have shattered the old convention that English and Scottish banks did not compete on each other's turf.
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Measured by flows, India is overtaking China as Japan's biggest destination for foreign investment and, according to a survey by the Japan Bank for International Co-operation, will be the most favoured destination for long-term Japanese investments over the next decade.
National Australia Bank has been reviewing what to do with its substantial UK operation, Clydesdale - which also owns Yorkshire Bank and operates mainly in Scotland and the north of England - since January.
The proposed operation would also eliminate bank account balances at least equal in amount to the excess reserves that were extinguished.
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This one is sort of a Dog Day Afternoon story except for the bank robbery and the sex change operation.
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Acquired from Honeywell last year, the latter operation was financed with bank debt, meaning reported financials could be poised for a big gain.
Instead, he is probably being promoted because he understands how to run practically every operation inside a modern bank, including the ones that the bank never should have bought in the first place.
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This drew a scornful response from Pakistan's high commission in London, not least because the raids were compromised by a senior British policeman who clumsily flashed plans of the arrests to a bank of photographers, forcing the operation to be brought forward by a day.
Examples of secured funding include covered bonds, repurchase agreements and the European Central Bank's Long-Term Refinancing Operation.
The biggest doubt is over Bank One's credit-card operation, a business in which it and Citibank are the market leaders.
Earlier this month, the Organisation for Economic Co-operation and Development said the Bank should consider injecting more money into the economy if growth remains weak.
It also explains why Bank One set up Wingspan as a separate operation with a distinct brand.
The joint operation, which also involves the Bank of Canada, was a sign that the ECB philosophy, to be generous in times of liquidity shortage, is gaining traction.
Last September, hundreds of emergency personnel were involved in a rescue operation during a simulated chemical attack at Bank Tube station in the City of London.
This is not a money center bank, but a boots on the ground retail operation serving customers in the states of New Jersey and New York.
Traders acting at one bank, or even with the clubby co-operation of counterparts at rival banks, would have been able to move the final LIBOR rate by only one or two hundredths of a percentage point (or one to two basis points).
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Their own bank had recently agreed to be sold to a larger operation.
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