He said that, as an independent country, Scotland would have the "advantages of oil but the disadvantages of an over-extended banking system", while other costs like pensions and benefits would come into play.
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"We should use the opportunity of the Treaty changes - perhaps over the banking union - to convene an inter-governmental conference in which we bring Britain's membership in line with what people want, " he said.
Bank of America has shelved plans for new fees that could have hit at least 10 million customers by the end of this year, skirting a potential replay of a 2011 uproar over consumer-banking charges.
And it might help explain why Lloyds Banking Group favoured Co-op over the NBNK new banking investment vehicle - the other shortlisted contender - as the latter wouldn't have reached the levels sought by Vickers' recommendations.
Or will the over-brokered investment banking market make a comeback in the next six years?
"We have long argued that UBS has been over-investing in its investment-banking business, " wrote JPMorgan's Kian Abouhossein in a note to clients.
"We have long argued that UBS (nyse: UBS - news - people ) has been over-investing in its investment-banking business, " wrote JPMorgan's Kian Abouhossein in a note to clients.
With new management holding the reins -- the bank's chief executive was replaced by MarcelRohnerMarcel Rohner in July , who also took over the investment-banking division Monday from Huw Jenkins -- UBS had a "clean sheet" to work with.
With new management holding the reins -- the bank's chief executive was replaced by Marcel Rohner in July , who also took over the investment-banking division Monday from Huw Jenkins -- UBS had a "clean sheet" to work with.
Alarmed by the chaebol's increasing control over the non-commercial banking industry, the government is tightening the regulations.
Now, some of that is unavoidable because they really do need to strengthen -- you know, the banking sector was in bad shape and it was over-leveraged and we really did need to take some steps to shore up the banking system.
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In short, the over-insured depositors are the banking system's moral hazard.
At Goldman Sachs, BofA and Citigroup, revenues from fixed income, currency and commodity trading, the main contributors to investment-banking profits over the past decade, were up to a third lower than a year ago.
Eurozone partners are saying Cyprus has got to change its banking system, over-reliant on foreign depositors, and the money it needs has to come out of that system, one way or another, he adds.
Hedge funds, private-equity firms and other parts of the shadow banking system should go, along with over-the-counter derivatives (OTCs), collateralised-debt obligations (CDOs) and other nefarious structured products.
But over a 40-year career in investment banking, Mr Simmons adds, he has learnt never to rely on wishful thinking.
Dresdner is proud of its investment-banking business: arguments over the latter's future led to the scrapping of the deal with Deutsche, and since then it has bought Wasserstein Perella, an American firm, to bring in new expertise.
MOSCOW, Dec 6 (Reuters) - Novatek , Russia's largest independent gas producer, is planning a Eurobond issue and is guiding investors towards a yield of 312.5 basis points area over 10-year US Treasuries, two banking sources told Reuters on Thursday.
Eurozone partners are saying Cyprus has got to change its banking system, which is over-reliant on foreign depositors, and the money it needs has to come out of that system, one way or another, he adds.
In Europe I've seen countless mobile banking ideas over the last decade - from the soft drinks machine in Helsinki where you paid by SMS, to the phone which doubled as a travelcard for London's transport system, and innumerable schemes involving Near Field Communication (NFC) technology.
In a meeting at the New York Fed Monday afternoon, 17 commercial and investment banks joined three fund managers (including the Chicago hedge fund Citadel Investment Group) and trade groups to talk about ways of providing better disclosure of the over-the-counter derivatives market, which is part of the so-called shadow banking system.
With the end to easy money in 2008, banking sectors around the world were over-levered and under-capitalized.
The outgoing chief executive, Peter Marks, says the Co-op will develop its banking operation over the long term.
Three-quarters of revenue come from rich economies in continental Europe (although Mr Prot reckons these banking markets may grow faster than over-indebted America, Britain or Spain).
Trouble for the bank continued in the first quarter, with its net profit falling 12 percent year-over-year due to the impact of a special banking tax.
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The danger is that the brusque treatment of Mr Corzine, and a perception that Goldman's investment-banking side has scored a victory over its trading arm, will unleash further internal conflict.
In November Mr Rampl reshuffled his board, appointing Johann Berger to take over corporate banking and property, and Christine Licci, former head of Citigroup's German retail-banking operation, to revamp the retail business.
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Micheal Martin's Fianna Fail and John Gormley's Greens - the outgoing coalition - are performing appallingly - blamed for the over-heated and under-regulated construction boom that brought such havoc on Ireland's economy and banking system.
Most traders who expect to see higher prices said people are seeking a safe-haven in the fresh concerns over the European banking system and until the situation there is seen as less dire, gold will find support.
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Drilling into the data, Cheung highlighted the risks of over-leveraged local governments, unfunded pension plans and shadow banking.
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