If the Banks fail to engineer satisfactory loopholes to protect their profitable broker-dealer operations, they will then face a daunting choice - to be or not to be a bank holding company.

如果这两家银行找不出法律的空子，保住赚钱的经纪交易业务，它们未来将面临一个无奈的选择——保留，还是放弃银行控股公司的身份。

youdao

A strong Volcker Rule would clearly be unacceptable to both Banks given how important the broker dealer operations are to their bottom lines.

鉴于经纪交易业务对这两家银行净利润的重要程度，它们显然无法接受强硬的沃尔克法则。

youdao

But in the broker-dealer world, confidence and perception are critical, and if enough people believe you're going under, rightly or wrongly, the game is over - fast.

但在经纪交易商的世界中，信心和认知是至关重要的。如果有足够多的人认为你即将倒下——无论这种看法是对还是错——这场游戏就会飞速终结。

youdao

A pure investment bank is not a depository institution and it's also--a pure investment bank is not a broker- dealer either.

一个真正的投行不是一个储蓄机构,当然一个真正的投行也不是证券公司-,或者发行公司。

耶鲁公开课 - 金融市场课程节选

For example Bear Stearns which is a broker-dealer failed recently.

例如贝尔斯登,那个最近倒闭的经纪自营商。

耶鲁公开课 - 金融市场课程节选

What they're really doing is just we're facing this seize up of our financial system so we have banks that we've just seen the failure of Bear Stearns which is actually a broker-dealer.

他们真正在做的只是,我们正处于金融体系失灵的阶段,所以我们有这种银行,我们刚刚目睹了经纪自营商,贝尔斯登的失败。

耶鲁公开课 - 金融市场课程节选

City commentator Terry Smith, chief executive of inter-dealer broker Tullet Prebon, also spoke up for Mr Hornby.

BBC: HBOS bosses remain under fire as Sir James resigns posts

Market insiders at an inter-dealer broker believe that derivative revenues at the biggest European banks are at least as large.

ECONOMIST: Derivatives: Over the counter, out of sight | The

ICAP, the biggest inter-dealer broker, has two such platforms ready to go.

ECONOMIST: Derivatives: Over the counter, out of sight | The