His one-size-fits-all savings bank model flipped the banking industry on its head, leading the charge in online and mobile banking.
National central banks will continue to be in charge of banking supervision.
Transactions and gross dollar volumes are key parameters for MasterCard and Visa and both companies charge their banking clients on the basis of these metrics.
However, Nicholas Teller, the board member in charge of corporate banking, says there has been little demand so far from eligible companies.
On the morning of the day the deal collapsed, he spoke to Josef Ackermann, Deutsche's board member in charge of investment banking, who conveyed the news to Edson Mitchell, the head of Deutsche's global markets business.
Placing stricter regulations on banks is one thing, but we also need to put real leaders in charge of the banking sector, men and women who are truly ethical and can create a new banking regime and re-engineer the corporate culture of these institutions.
Ackermann is expected to remain in charge of the investment banking operations.
In practice, that will not happen until the European Central Bank (ECB) is put in charge of euro-area banking supervision, which may take a lot longer than the planned six months.
And, of course, the more they get to charge us for the credit and banking services they so graciously provide us.
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Mr. Chapman stayed with Shearson through further mergers and Mr. Weill's eventual sale of the company to American Express, where Mr. Chapman became vice chairman and in charge of developing a global private-banking network.
Several banks have sent letters to the British Banking Authority, the trade organization that was in charge of Libor from the start, about their plans to leave the panel, according to a report in the Journal.
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Pandit, 50, took charge of Citi's newly organized investment-banking division in October.
The British Banking Authority (a bank lobbying group) has been in charge of collecting the rates from banks, and has done so without any official regulation.
In chastising the way the investment banking industry works, the New York Attorney General who led the charge against the banks, called for a cultural reform and sweeping structural changes in the way the business operates.
It is a sign of maturity when companies start to understand, as the banking industry did over time with ATM machines, that they should charge less for using services that cost less to provide.
However it can charge interest on its loans, which is one way in which the banking system pays for its own regulation.
Before the banking crisis struck, RBS was led by Sir Fred Goodwin, a man who was determined to be in charge of one of the largest banks on the block.
"We've listened to our clients' feedback and will provide the convenience and security of check cards at no additional charge as part of all of our checking accounts, " said Brad Dinsmore, a consumer-banking executive at SunTrust.
From 2013, they will have to charge an up-front fee for advice instead, as part of moves towards greater price transparency in banking services.
With former Fed chairman Paul Volcker leading the charge for reform on Wall Street, the special tax on banks and the drive to separate trading and banking takes on a mightier momentum.
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