Many have developed a shared service center or in-house bank and then select one bank for the Americas, another for Europe and one for Asia.
As the banks who sold on these mortgages were not putting up their own money as collateral, they no longer used their own in-house bank managers to assess the income of their borrowers and check the real value of the house they were giving a mortgage on.
Should that happen, Welch said he would ask the bank's human-resources department to secure time without pay for the bank's in-house brawler, thus ensuring his job doesn't go anywhere.
Having started in desktop publishing, it now offers to replicate the functions of a bank's in-house library and its junior analysts.
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At the blog Economics of Contempt, the author recalls his days as in-house lawyer for an investment bank.
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The World Bank's in-house "watchdog, " an entity called the Independent Evaluation Group, recently lambasted Doing Business, claiming that there was no significant relationship between the publication's indicators and economic growth rates, even though the countries with the lowest rankings usually have the worst long-term records for economic growth.
But there is bound to be the question: where does the advantage lie in an investment bank which is cut off from its in-house source of funding, and should it not simply split completely?
Lehman Brothers Holdings (nyse: LEH - news - people ) -- or acquire the firm outright -- faded after South Korea's financial regulator said on Monday that the state-owned bank should be cautious over any investment in the brokerage house.
Hopes that the Korea Development Bank would provide a cash infusion to Lehman Brothers Holdings -- or acquire the firm outright -- faded after South Korea's financial regulator said on Monday that the state-owned bank should be cautious over any investment in the brokerage house.
Public records indicate the red brick house with white siding is in foreclosure and has been bank-owned since mid-November.
Rory Robertson at Macquarie Bank reckons that the central bank is also becoming worried by the surge in house-buying and household borrowing, fuelled by low interest rates.
ECONOMIST: How did Australia buck the worldwide economic downturn?
We in developed countries take for granted the relative ease of starting a business and the existence of a uniform property rights system--you can buy a house in Idaho and get financing for it from a bank in London or Hong Kong.
Bank of America says the service combines the legacy Bank of America Online Investing's offering with Merrill Lynch's in-house, or "proprietary, " research, investment products, retirement-planning tools and advice through the call center.
Many firms, including Morgan Stanley, Deutsche Bank and Merrill, have bought small lenders in recent months, allowing them in-house access to new securitization business.
Auction house Googut helped three banks set up bank-run investment funds for customers to invest in baijiu and other liquors.
WSJ: Forget Stocks��Chinese Turn Bullish On Booze and Caterpillar Fungus
Borrowers house their deposits in a bank they collectively own, and now that the institution is self-sufficient, borrowers are effectively making loans to one another.
However, with mortgage lending booming, house prices surging and home-owners tempted to borrow against the rising equity in their homes, the Bank will be worried about inflation.
At al-Jalazun refugee camp on a rocky hillside near Ramallah in the West Bank, 86-year-old Ahmed Safi lives with his family in a small, overcrowded house.
Buying a house in a distressed situation, whether from the buyer in a pre-foreclosed status or from the lender or bank once foreclosed, is not very simple.
FORBES: Better Bargains With Foreclosures and Pre-Foreclosures
The 2008 debacle might have come as less of a surprise if all those MBAs had been taught that there have been at least 124 bank-centred crises around the world since 1970, most of which were preceded by booms in house prices and stockmarkets, large capital inflows and rising public debt.
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