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There had been calls in the country for the banks' investment units to be split from their deposit taking sides.
Morgan Stanley is on the lookout for a potential merger partner, which would almost certainly be a deposit taking institution.
Britain has already demanded a ring fence around banks' retail lending and deposit taking to protect them from risky investment banking.
In 1933, the Glass-Steagall Act forbade commercial banks and investment banks from getting into each other's business — separating deposit taking and lending from playing the markets.
advances, trade financing and deposit taking activities, agency services, consulting and advisory services, remittance and settlement services and guarantee services.
This segment includes personal loans and deposit taking activities, bank card business, personal wealth management services and remittance services.
Similar(49)
To contain a crisis that originated outside deposit-taking banks, it stretched its authority by lending to investment banks, an insurance company and issuers of commercial paper.
Put simply, the Volcker Rule takes deposit-taking, loan-making banks out of the hedge fund business.
Mr Garner's new regulators, who these days keep a close eye on the people that deposit-taking institutions hire to run them, should be happy too.
Over the past three years they have mainly been traditional, deposit-taking firms, often in emerging economies.
So have banks' lending and deposit-taking, as chart 4 shows.This volatility has a powerful impact on the ways banks do business.
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