Sentence examples for deposit operations from inspiring English sources

But for Richard W. Burke Jr., senior vice president for deposit operations at Commerce Bancorp of Cherry Hill, N.J., the question is still an open one.

To compute the net gain for the state, we need to have an estimate of taxes paid by banks on profits from sight deposit operations.

That's because Goldman and Morgan Stanley have very modest deposit operations -- giving them much less taxpayer-backed money to fund their risky operations.

Meanwhile, the British bank Northern Rock, which was nationalized, could find out in November if it will be split into two entities, a retail deposit operation and a holding company in charge of the loan book.

The deposits these operations gather are also handy as a foreign funding base.

MetLife said in October that it was seeking a buyer for its mortgage unit after announcing plans to sell deposit-gathering operations to reduce federal oversight.

On Monday, the government-appointed Independent Commission on Banking called for banks to separate their deposit-taking operations from investment banking services, stopping short of completely breaking up the firms.

Appearing Wednesday morning on CNBC, Mr. Weill surprised everyone, including his interviewers, by announcing that the wall should be rebuilt between a bank's deposit-taking operations and its risky trading businesses.

The investment bank may also see a beefed-up brokerage as the best way (eventually) to strengthen its deposit-gathering operations and reduce its reliance on wholesale markets.Huge question marks would still hang over Morgan Stanley.

Mr. Winters and Mr. Taylor are part of the Independent Commission on Banking, a government-appointed group that presented proposals on Monday for a wide-ranging banking overhaul to separate investment banking from deposit-taking operations in an effort to make banks more stable.

Those cries gathered steam earlier this week, when Sanford I. Weill, who forced Mr. Dimon, his former lieutenant, out of Citigroup in 1998, said that behemoth financial institutions should split their investment banking businesses from their deposit-taking operations.