He favours a banking union, with not just central supervision of big banks but with joint guarantees for banking deposits.
The Icelandic government seized one of its biggest banks, Landsbanki, on Tuesday, after agreeing to guarantee all banking deposits in the country.
The ring-fence will require banks to put their High Street banking activities - such as taking deposits and lending to UK businesses - into a separate subsidiary from their riskier investment banking operations.
In spite of all the anxiety, deposits across the banking system grew in March.
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Deposits, investment banking and small business lending also is on the rise.
JPMorgan would be picking up WaMu's customer deposits and in this rapidly changing banking world everyone is in agreement that the important thing is the capital base with customer deposits being an important part of that.
There are a lot of Russian deposits in the Cypriot banking system, according to economists.
With branches only in Switzerland, Wegelin claimed to be bound only by Swiss banking laws, brazenly scooping up deposits after UBS jettisoned Americans.
After the holidays, cash will flow back into the banking system in exchange for customer deposits and will, in turn, flow from the banks into the Federal Reserve Banks in exchange for bank reserve deposits.
After the Wall Street crash of 1929, it took four years before Congress passed the Glass-Steagall act, which split commercial banking from securities dealing. (Before the legislation bank deposits were frequently diverted in support of new issues by commercial bankers' investment-banking colleagues.) Other restrictive rules continued to be made until 1940.
Nearly a third of all deposits in Cyprus' oversized banking sector are held by Russians.
The French president wants a banking union with a joint guarantee of deposits and a joint fund to pay down debt.
But Macquarie Group analyst Steve Harris points out that Italy's banking system is generally well funded by deposits, and Peace is encouraged by plans to recapitalize struggling Spanish savings banks.
With modern bank holding companies engaged in both the securities business and the commercial banking business (at its core taking deposits and making loans), how are the regulators going to mesh these laws together in their regulatory activities?
The Vickers plan, based on the Independent Commission on Banking report led by Sir John Vickers, is designed to keep saver and business deposits from being compromised by the more speculative activities typically undertaken by investment banking operations.
We are looking for ways to expand mobile phone banking and to use local merchants to accept deposits through point-of-sale terminals.
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According to it, not confiscating some of bank deposits would have meant that the banking system of Cyprus would have collapsed immediately.
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The banking system has lost about a third of its total deposits over the past two years (see chart 1), some of this as people run down savings.
These deposits, which are not subject to U.S. taxes, are at risk of being abruptly withdrawn and future deposits deterred, which could lead to a reallocation of deposits out of the U.S. banking system and, thus, reduce lending to businesses.
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Through its banking subsidiaries, Whitney engages in commercial and retail banking and in trust business, including the taking of deposits, the making of secured and unsecured loans, the financing of commercial transactions, the issuance of credit cards, the delivery of corporate, pension and personal trust services, investment services and safe deposit rentals.
However, there was increased confidence after strategic measures by regional governments, including the United Arab Emirate's guarantee on bank deposits and Qatar's moves towards supporting its banking system.
We have seen some disturbing evidence of the same in recent weeks, as when Ireland unilaterally guaranteed all bank deposits and thereby sucked funds out of the British banking system.
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Normally, because of fractional reserve banking, this would lead to a further multiple expansion of bank deposits and the money supply.
To repeat, nothing supercharges a money supply more than a banking system willing to create money by pyramiding loans, investments and deposits on top of its excess reserves.
Glass Steagall was passed to prevent commercial banks taking government insured deposits from failing due to losses incurred through riskier investment banking activities (issuing stock and other securities).
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Banks and voters in core countries (let alone Britain, whose position in a more integrated European banking system is very muddy) would be reluctant to insure peripheral deposits.
As we have discussed in the past, nothing supercharges a money supply more than a banking industry willing to create money by pyramiding loans, securities and deposits on top of its reserves.
As we have discussed several times in this space, nothing supercharges a money supply more than a banking system willing to create money by pyramiding loans, investments and deposits on top of its excess reserves.
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The online-only share of the banking industry is still fairly small, representing 4.2% of deposits.
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So government insured deposits still could not be used to speculate in riskier investment banking activities.
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