Mr Whalen contends that BofA is, in essence, a healthy operating bank buried by obligations tied to Countrywide.
Bank fees are expensive, but operating without a bank also comes with many fees.
He was chairman and CEO of First Fidelity Bank, president and chief operating officer of Mellon Bank, vice chairman of Chase Manhattan Bank, and non-executive chairman of both The Dime Bank and Riggs National.
Each operating company maintained bank accounts with commercial third-party banks, including a main depository account and a disbursement account.
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"We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee, " said David Darnell, co-chief operating officer of Bank of America, in a statement.
Banco Federal's president went on television to reassure investors the bank was operating normally.
In 2003, Mr. Becker was appointed Chief Operating Officer, Commercial Bank, and then as President, Silicon Valley Bank, in 2008.
The operating credo at one bank is that it roughly takes as long to dig out from a financial crisis as it does to get into one.
Islamic banks are required to establish committees consisting of Islamic scholars to ensure that the bank is operating in compliance with shariah principles, including the distribution of zakat funds.
And it appears that the Taliban, at least this morning, were operating on the western bank of a river that cuts through this valley of dense fruit orchards while the Afghan army was setting up on the eastern bank.
The European Central Bank, operating within the legal limits imposed on it by the treaties that govern the European Union, is providing some liquidity to the banks and a bit of relief on the interest-rate front for sovereign borrowers, but it cannot do much to prevent the insolvent from being forced to default.
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The move follows a court order preventing the interim panel from operating the Board's bank accounts.
Among the issues that came up last year: The FDIC ordered the bank to stop operating with bad management practices.
Peddling supposedly exclusive unproven proprietary products which promise only to transfer your wealth to the bank is standard operating procedure.
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First Niagara Financial Group, Inc. ( FNFG) is a bank holding company operating local banks in upstate and eastern New York.
"We want to make sure that the activity going on in the customer's account is legitimate, " says Jay Wittman, chief operating officer at River Valley Bank.
Still, he has laid out plans to revert Citi back to the "silo" model, which calls for the bank's operating units to run more autonomously while supporting functions, like legal and IT, become more centralized.
Of course the bank insists it is operating within its rules but they have become more flexible.
The Asia-focused bank said Wednesday that operating profit was "slightly down" in the first three months of 2013 from the same 2012 period because of tighter loan margins, a rise in souring consumer loans and lower income from its own investments.
Adding to his credentials, he has already turned around a troubled institution (the exchange was reeling when he took over in 2004, after Richard Grasso was ousted because of his enormous pay packet) and he has bags of experience in the areas where Merrill is most deficient (he ran the mortgage-bond desk at Goldman Sachs before becoming the investment bank's chief operating officer).
While fractional interest rates give the appearance of ease, the Bank of Japan is still operating in a deflationary mode.
Last year Mitsubishi-Tokyo UFJ, operating through the 100 percent subsidiary Union Bank of California, captured 13 percent of this business, placing it in first place.
He doubled operating profit and began rapidly repaying the bank debt.
In total, 11 individuals were indicted by Bharara and charged with a variety of offenses like operating illegal gambling businesses and conspiring to commit bank fraud.
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Thus the central bank of the United Arab Emirates has made it clear that it will provide liquidity to any bank, foreign or domestic, operating in the United Arab Emirates.
In the later stages of a growing business, the now-incorporated business might need a bank loan for various needs, including operating capital and long-term growth.
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Early Islamic banks tried operating on these bases, with risks and losses shared among bank, depositor and borrower alike.
Interestingly, Moody's tends to rate the debt of bank holding companies lower than the debt of their operating subsidiaries.
Magal Engineering of Reading may see its workforce dwindle from 1, 000 to 250 for want of bank credit, said David Woolford, its chief operating officer, at a car-industry meeting.
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After a leveraged buyout a borrower will typically have debt (bonds plus bank debt) equal to four to seven times operating profit (in the sense of earnings before interest, taxes and depreciation).
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