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Banking requires confidence among firms and lenders that the institutions that underpin the business environment are reliable.
Investment banking requires complementary assets: a retail brokerage network to flog the stocks, and a research department to give it nice ratings.
For example, we have a pretty good understanding of bank runs; extending that framework to shadow banking requires little more than the understanding that repo and other kinds of short-maturity obligations are, from an economic point of view, more or less equivalent to deposits.
Sustainable banking requires everyday decisions to consider all factors -- from society to the environment as well as profits.
Monitoring a complex industry like banking requires experienced ex-bankers who understand the inner workings of the system, who can read between the lines of financial statements, who can recognize the signs of fraud even when they are well-hidden or seemingly insignificant; in other words, those who have the knowledge, intelligence and instinct to be good financial cops.
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The plain business of corporate lending was highly competitive and retail banking required expensive branch networks.
Staley is the latest chief executive to believe the investment bank requires just one last heave.
The bank requires a guarantor, almost impossible for a private businessman to find in China.
Allowing the European rescue funds to put money into banks requires approval from national parliaments.
No matter who the prospective borrower is, the bank requires a 20percentt down payment for every loan, Mr. Young said.
The Duke paper's second major claim, about why students want to work at banks, requires some extra parsing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com