The regulation separated the research operations at banks and brokerage firms from their investment banking operations.
The company has shed divisions such as NBC Universal and is shrinking its banking operations.
His moves even raised fears that he would relocate the investment banking operations out of Switzerland.
However, the underlying pre-tax profit at its banking operations fell 72% to 184m euros.
The settlement also included a provision that securities firms erect a firewall separating analysts from investment-banking operations.
The unit has now reportedly been put up for sale, along with the rest of Amexco's private banking operations.
Both firms are battle-hardened survivors and have big insurance, credit-card and investment-banking operations.
He then moved to ABN Amro North America to lead its private-banking operations.
That allows Wamu to concentrate its efforts on building its consumer banking operations, including the opening of branches in new markets.
The fact that the U.K. banking business has recovered considerably is evident from the net interest yield for the banking operations.
Investment banking operations were easily the most impressive segment of the massive operation which also services commercial and retail banking customers.
Worse, state-subsidised banks have made it impossible for Germany's publicly listed banks to make a decent return on their retail-banking operations.
Thirdly, the wholesale banking operations, the collateralized loans, the derivative positions, the futures, puts and calls would be in their own unit.
On Monday, the Federal Deposit Insurance Corp. brokered a deal for the banking operations at Wachovia to head over to Citigroup.
Banking operations at Nonghyup, a South Korean farm co-operative, were halted by the cyber intrusion, leaving customers unable to access their money.
Ackermann is expected to remain in charge of the investment banking operations.
Boosting its retail banking business in Europe, Deutsche Bank will buy the banking operations of France's Banque Worms for an undisclosed sum.
That board must also finish restructuring Credit Suisse's still pudgy banking operations.
Only around a quarter of its retail-banking operations provide satisfactory returns, though Mr Gulliver did not say from which countries HSBC would withdraw.
Since the recession, Capital One has been expanding its retail banking operations with savings and checking accounts, mainly through acquisitions of smaller banks.
Late Monday, the chief executive announced management changes that has resulted in the resignations of three rising stars in the firm's investment banking operations.
Meanwhile, the big European banks with huge investment banking operations have gotten pummeled on growing fears that they will be regulated out of profitability.
And Bank of Scotland, the loser in that auction, is expanding in Europe, having launched successful telephone mortgage-banking operations in Ireland, Belgium and the Netherlands.
ECONOMIST: The financial industry in Scotland is enjoying a quiet boom
By placing its credit-card business and systems firm under the holding company, Mizuho would get handy income to help fill holes made by its banking operations.
ECONOMIST: A curious proposal by one of Japan's biggest banks
Which is one big reason why risk-averse Wells Fargo ( WFC) and US Bancorp ( USB) beat the stuffing out of bigger banks loaded down with investment banking operations.
State Street shed the last vestiges of its commercial banking operations in 1999, Mellon sold its branches in 2001, and Bank of New York sold its branches last year.
There is a tremendous public debate at this time regarding the conflicts of interest surrounding the investment research written by financial analysts in Wall Street firms with investment banking operations.
FORBES: Money Manager Use of Tainted Wall Street Research (Oct 1, 2002 )
Despite the slowdown in mortgage lending, Fried believes WaMu will still be able to achieve profitable growth in other banking operations, particularly consumer and business accounts at its 2, 400 branches.
It will now review its existing banking operations, under a new chief executive who arrives on 1 May, and I am told that it could decide to withdraw from banking completely.
The initial retreating DAX losses were fueled by the rumor that the German financial watchdog (BaFin) had asked two high-profile German financial institutions to separate their retail and investment banking operations.
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