The committee will question bank officials and regulators on Friday about the trading loss.
In another notable exchange, Moynihan side-stepped a question about whether Bank of America was considering putting its troubled Countrywide Financial unit into bankruptcy protection.
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The situation in Iceland is a little trickier than that since the institution in question was a bank, Landsbanki Islands, whose depositors included folks from Britain and the Netherlands.
The other question which the Bank of England and Treasury were really touchy about is whether the Treasury - or taxpayers - will indemnify the Bank against the risks it is running with the lending scheme.
We have to stop quoting Walter Badget on what a central bank does--so far from the reality of what the central bank is doing today that it raises a question about the very name central bank.
One essential question is whether the bank's role would go beyond monitoring to providing financial assistance.
First, each must answer the question why should this bank exist?
And with regard to this, obviously the bank in question speaks for itself in terms of the decisions it made originally to announce the fee and now to withdraw it.
But the big question is whether the Bank's governor, Eddie George, who has recently opposed a rate rise, found himself on the losing side in the vote, or whether he changed his mind, or saw the way the meeting was going and switched sides.
More borrowing figures like that and the only question will be when the Bank's monetary policy committee decides to push interest rates up again.
The crucial question is one that the Bank does actually ask: can rapid growth persist over long periods without improving the lot of the poor?
According to the Bank of Italy document, the central bank began to question MPS's capital solidity when it first had to evaluate whether to give its green light to the Antonveneta acquisition in 2008.
Raising equity at that valuation is out of the question, and with conventional bank loans in China having a maximum term of one year, Tri-Tech turned to the bond market, a new source of capital in China, to obtain longer term financing.
The big question is will the rally in Bank of America last?
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The firestorm surrounding this year's payout could call into question Hester's tenure at the bank.
It has made it hard to answer the following simple question: how much money has the Bank created by quantitative easing?
In my opinion, auditors also turned a blind eye to shareholders and I would question their independence overall with regard to their bank clients.
"It is noted that none of the transactions in question appears to have been submitted to the bank's board of directors for approval, " Banca Monte said.
IR--You question both the fundamental purpose of the World Bank and the integrity of the changes we are proposing to its structure and operation (March 1st).
Thus any bank whose lending results were called into question could be challenged.
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Their next question was who would succeed Arminio Fraga as central bank governor.
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The question of whether central banks should be involved in bank supervision is an old chestnut that central bankers and academics have debated for many years and practice in the years before the global financial crisis had swung towards separate bank regulators.
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And there are question marks over an ambitious plan to replace the National Film Theatre on London's South Bank with a new state-of-the-art Film Centre: once again, the main question is who might pay for it.
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?
The vital question is whether - as and when the cost of bank bailouts is disclosed in the form of the promised proposal to inject capital into all European banks that need strengthening - loans to eurozone countries like Belgium and France will be seen to be more or less at risk.
The bank knew it was illegal too, so the question right about now is, how are you feeling about the HSBC brand?
The dominant question being pondered by the market ahead of the European Central Bank (ECB) meeting on Thursday is whether the current EUR value is too high.
The first question is whether the new plan will still involve any levy on bank accounts.
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