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He scolds the federal government for violating "simple, sound banking principles" by lending money to students with "no credit history" but praises "private banks that, at large risk to themselves," do the same thing.
Beneath the veneer of its squeaky-clean streets, super-efficient tram systems, rigorous banking principles and holier-than-thou Alpine churches lies a somewhat stranger city that is ready to surprise at every turn.
The scheme is based on environmental mitigation banking principles, in which users of an environmental resource are required to purchase from a mitigation bank credits representing restorations undertaken to compensate for environmental damage, thereby achieving "no net loss" of the environmental asset.
Wells Fargo's signature on our banking principles - with measures to hold the bank accountable -implement practices that guarantee: (a).
"Going forward, the... industry must foster an operational environment that reflects safe and sound banking principles and compliance with applicable state and federal law," Raskin said, according to prepared remarks released by the Fed.
Even though those packages were little understood by those financial institutions, in their greed they disregarded prudent banking principles - just the kind of behavior the New Deal rules were designed to prevent.
Similar(54)
''It makes no attempt to use the banking principle... and is in fact not much more than a version of the gold standard, which simply aims at multiplying the effective volume of the gold base,'' he complained.
That is an over-simplified explanation, and there are many more facets to our plan, including a proven method of making the exact quantity of money available to the economy through something called "the banking principle".
HAROLD J. LEVY and David L. Cohen, managers of the $450 million First Eagle Fund of America, try to use merchant-banking principles to pick investments for their fund.
He insisted at a bankers' meeting last week that attacks on the savings banks' founding principles should be left out of the debate.But the savings banks and the wholesale Landesbanks, which they partly own, are under the spotlight whether Mr Hoppenstedt likes it or not.
No matter what kind of assistance is offered to banks, five principles must be adhered to, which have been absent in the implementation of the first round of TARP.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com