The revelations cover 30 years of offshore banking activity, involving more than 170 countries and territories.
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Investment banking activity, which witnessed a steep drop during the recent economic downturn, has been picking up in 2010.
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The bank levy, in particular, will drive banking activity overseas, and banks will avoid most risk adjustments through accounting sleights-of-hand.
In conclusion, this recent Ninth Circuit decision should give pause to individuals planning to use the Fifth Amendment protections to oppose government subpoenas of records of offshore banking activity.
The impact of falling investment banking activity will vary depending on the actual exposure to revenues as well as profits that each of those institutions has on its respective income statement.
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Morgan Stanley is undergoing a significant strategic shift in its business, with the stated goal of reducing volatility from traditional investment banking activity and generating more stable fee income streams from Global Wealth Management.
Of course, the calls to shrink banks and separate basic commercial banking activity from everything else are the result of the 2008 financial crisis when government bailouts were made to banks that were too big to fail.
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As well as increasing the capital banks hold to act as a buffer against future losses from 2% to 7%, Professor Cecchetti said Basel III had made the definition of what constitutes as capital stricter and widened the remit of what counts as banking activity.
Beyond the immediate problems firms here will face because of a limit on transactions and a freeze of banking activity, Mr. Pilikos said he feared many of his organization's members wouldn't survive the blow delivered by the closure of Cyprus Popular Bank and the hefty haircut imposed on deposits in Bank of Cyprus.
Prudential primarily relies on retail banking network for distribution activity with sales made via insurance agents.
With the major bank stocks at year-lows and analysts pondering their market values, merger activity for regional banking continues.
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They clog and paralyze the banking system, which in turn represses entrepreneurial activity.
Mobile banking is a popular and fast-growing activity on smartphones, as cellphones become more sophisticated and consumers use them to organize their lives.
Defenders of the plan will argue that the new banking limits will rein in "speculative" activity and "risky" proprietary trades, but both are in the eye of the beholder.
This may seem overly intrusive, but offshore banking centers have been under increasing pressure to stop illegal activity.
Republican Richard Shelby, of the Senate Banking Committee, said the plan had "squeezed months of normal activity" into several months.
Other banks have been similarly boosted by the surge in takeover activity on global stock markets and by the growth of private client banking for wealthy customers.
But much of this activity, like that of hedge funds, happened beyond the reach of banking regulators.
Last year, in a bid to generate domestic capital for business activity, the government issued interest-bearing recapitalization bonds to prime the banking system with funds.
It might seem churlish to single out Barclays for this criticism, especially since I know that virtually all the other major banking institutions involved in money-laundering, LIBOR manipulation and all the other unethical and illegal activity over the past five years, have similar codes or principles of best practice in place and claim to link them to remuneration.
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Expect more of that mortgage banking strength in the fourth quarter even from the likes of Bank of America which has scaled back its mortgage activity.
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This was helped by revenue increases in asset management and global transaction banking, while the investment bank saw a 4% decline in revenue, which the bank attributed to reduced client activity in a weaker market environment.
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