It merged with Far East Bank to form the largest local lender, and tied up with Singapore's DBS to lift regional operations, even as domestic banking opens up further to foreigners.
Free from Rome's oversight, competition in banking opened up simply by removing the proscription on lending.
Close to 70% of all stock trades are now online, with banking catching up quickly.
Mortgage lenders on the move included Westpac Banking, up 3.5%, while Commonwealth Bank of Australia gained 2.4%, and National Australia Bank added 2%.
This year, Southeast Asia has accounted for 17% of revenue in the Asia-Pacific region outside Japan in core investment banking, up from 15% for all of last year.
And he was a member of the Independent Commission on Banking, set up by the chancellor, which recommended that a ring fence be put around the retail banking operations of giant universal banks like Barclays.
Trouble is, too many companies give stuff away, banking on the up-sell later--and then never get paid.
It should mark the end of banking problems ending up on government books and forcing up their debts.
So where will the banking commission end up on this question perceived as so material to the banks' respective futures?
As a result, the banking system wound up with far more exposure to mortgage-backed securities than would have resulted from market processes.
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The banking commission was set up by the government last June to review the UK banking sector after bailing out some of the UK biggest banks during the financial crisis.
The ESM is prohibited from making direct capital injections into banks and Germany has made clear there is no question of this changing until the euro-zone banking union is up and running.
The concerns of some may be eased by Alistair Darling, the chancellor of the exchequer, who fleshed out plans to shake up banking regulation in a speech to bankers on June 18th.
Some board members are keen on a European investment-banking tie-up, perhaps with Banque Nationale de Paris, which recently took control of a rival French bank, Paribas, and which has a longstanding alliance (and small cross-shareholding) with Dresdner.
But along the way he also provides a good sketch of the similarities and differences among the region's diverse economies, focusing particularly on the events in Thailand, South Korea and Indonesia as their currencies plunged and the banking systems seized up.
The Banking Standards Commission was set up to improve the UK's banking system following the 2008 financial crisis.
What with the Independent Banking Commission (which came up with the basic proposals) and the Parliamentary Commission on Banking led by Andrew Tyrie (which debated the first draft of the bill last autumn), this is not a piece of legislation that has been under-discussed.
Grubman has come under criticism for touting WorldCom while drumming up investment banking for the firm.
The IMF could still provide technical assistance to countries in setting up sensible banking institutions.
Nothing can take the place of the uncomfortable steps needed to clean up the banking system.
Indonesia says a full takeover is still possible, but only if Singapore opens up its banking sector in return.
Mr Cable also sits on the Future of Banking Commission, set up by Which?
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In Germany, three-quarters of the banking industry is made up of public-sector savings banks and co-operative banks.
He said without "strong action" to shake up the banking culture, consumers would continue to pay the price.
When Austria took desperate measures to prop up its banking system, its banking crisis only shifted to Germany.
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In the weeks since, Western governments have spent hundreds of billions of dollars buying up the banking system.
Outsiders suspect that a chunk of the currency board's reserves are pledged to prop up the banking system.
The banking commission was set up by the government last June to review UK banks after the financial crisis.
Good for him, and likely good for JPMorgan shareholders, because the best competitive advantage in banking is not screwing up.
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