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When that offer came through, the potential buyer went through the whole process and after several months of negotiation, got the bank to agree to a price lower than market value.
FORBES: Buying a First House in the Midst of a Financial Crisis
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So after the new bank law went into effect, Mr Wu had a call from a well-informed banker at Macquarie, an Australian bank, asking whether he was interested in Business Development Bank.
ECONOMIST: For once, a foreign bank may have bought wisely in China
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Thain took the job after CIT went bankrupt and has been working on a turnaround for both the bank and his own career which was cut short when Bank of America fired him as head of Merrill Lynch after the takeover.
FORBES: Are Regulators Warming Back Up To John Thain's CIT Group?
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After Cosimo's death in 1464, the Medici bank went downhill, though his descendants became ever more entrenched in power in Florence.
ECONOMIST: Millennium issue: Banking
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Perhaps more importantly, borrowing that much on wholesale markets is neither a stable or prudent way to fund any bank - as the UK taxpayers found out to their cost when Northern Rock, Royal Bank of Scotland and HBOS all went to the brink of collapse after their access to wholesale funds dried up in 2007-8.
BBC: Lloyds sale of Verde hits huge obstacle
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The announcement comes after Tube drivers went on strike on Boxing Day in a row over bank holiday pay.
BBC: London Underground cleaners to strike over pay
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ING, the Dutch bank-and-insurance group which in 1995 snapped up Barings, an investment bank with a big asset-management arm, after the British firm went bust.
ECONOMIST: Local restrictions permitting
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Royal Bank of Scotland, which was due to report its results after The Economist went to press on August 4th, was expected to announce a loss on its holdings of Greek bonds.
ECONOMIST: Once-mighty banks are in retreat
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The sting went after Colombian drug and money brokers and resulted in the arrest of 55 people, as well as the seizure of 36 bank accounts from Colombia, 353 kilograms of cocaine and 21 kilograms of heroin.
FORBES: Magazine Article