The other investment-banking co-head, Steve Black, who is nearing retirement age, will leave after a transition period.
Evidently, central banking needs co-ordination of a kind that the world does not have today.
Deficits need cutting, the eurozone has to get decisive to reassure markets and banks must be strengthened and banking regulation co-ordinated, while spurring job creation and boosting growth.
And it might help explain why Lloyds Banking Group favoured Co-op over the NBNK new banking investment vehicle - the other shortlisted contender - as the latter wouldn't have reached the levels sought by Vickers' recommendations.
That said, there is one wannabe bidder for Verde with advanced status: Co-operative Banking Group, owner of the Co-operative Bank, Smile and Britannia.
The Parliamentary Commission on Banking Standards takes evidence from Bill Winters, former member of the Independent Commission on Banking and former co-chief executive officer of JP Morgan Investment Bank.
Kotlikoff is a professor of economics at Boston University, president of Economic Security Planning, author of Jimmy Stewart Is Dead--Ending the World's Ongoing Financial Plague With Limited Purpose Banking, and co-author, with Scott Burns, of Spend 'Til the End.
Because of the imperative of maintaining high levels of capital in the banking part of the Co-Op, the group's ability to invest in its important supermarkets and other services could be restricted.
The announcement comes as the Halifax prepares to give more details of its internet-led banking venture, Greenfield.co.
More than 11, 000 people are employed by the Co-operative Banking Group which has 342 high street branches, the firm said.
The Co-operative Banking Group has announced it is cutting 187 jobs.
To be clear, the Co-op isn't going to withdraw from banking tomorrow, so there is no reason for Co-op depositors to feel they are going to be left high and dry.
Mellon, who was once married to oil and banking heir Matthew Mellon, co-founded the glamourous Jimmy Choo shoe company.
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Investors were also waiting for details from the European Union summit in Brussels, where leaders are discussing fiscal integration and the co-ordination of banking systems.
The hope, of the Treasury under the Chancellor George Osborne, was that a significantly enlarged Co-op in banking would be good for consumers, by giving the UK's big banks a run for their money.
The Treasury response to Vickers' Independent Commission on Banking today says a merger of those Lloyds Banking Group assets with the existing Co-op business would mean a competitor with 7-8% of the personal current account.
Last year, Wasserstein also lured William Lewis William Lewis from Morgan Stanley to be co-head of investment banking.
But for the Co-Op and the banking market, the ramifications are much more serious.
He is being succeeded by Mike Uva Mike Uva and Cory Spencer Cory Spencer as co-heads of investment banking.
He entered the banking business and located his United Copper Co office just around the corner from Wall Street.
He said they were also discussing co-operation in the banking and energy sectors, adding that any deal to solve the island's debt crisis should also be in Russia's interests.
"Without the full co-operation of the banking sector, the government's big idea is impractical, " Stuart Cliffe director of the National Association of Bank and Insurance Customers (NABIC) told BBC News Online.
In 2005, he was named a co-head of global tech banking with Paul Chamberlain.
The outgoing chief executive, Peter Marks, says the Co-op will develop its banking operation over the long term.
In 2005, Mr. Grimes was appointed a co-head of global tech banking, along with Paul Chamberlain, 48, another veteran of the bank.
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Howell co-owned and ran a banking venture with Johnnie Bryan Hunt, the Arkansas trucking tycoon, until the duo parted ways in the late 1980s.
During his career at the firm, he also served in various other capacities including Global Co-Head of the Investment Banking Division (1999 to 2002), Head of the Corporate Finance Department (1994 to 1999) and Head of Asia-Pacific Investment Banking (1990 to 1994).
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If the FSA was happy to stand back from giving a formal opinion on whether the Co-op was the right buyer of the Lloyds branches, will its successor body, the PRA, still hold its peace now that questions have arisen about whether the Co-op should stay in banking?
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