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The agreement was constructed over months of negotiations between Credit Suisse and its regulators, with particular attention paid to whether an admission of guilt would lead to the dissolution of the bank.
Whether the Afghan government will approve the dissolution of the bank is not yet clear, but whatever its future, as the Central Bank outlines in its report, there will be high costs for the Afghan government, which will have to make good on the nonperforming loans in order to keep depositors whole.
This bank (the controversy over it having contributed to Belcher's recall) had been dissolved by an Act of Parliament, and Shirley had to negotiate the dissolution of the bank's assets and reclamation of the notes it had issued.
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No question: if Cromwell was alive today, the former chief executive of HSBC, Stephen Green, would be in chains in the Tower and the Dissolution of the Banks would be in full swing.
Mr. Fratto noted that thousands of financial firm employees had lost their jobs in recent months, and that the federal government's intervention in the case of Bear Stearns led to the dissolution of the storied investment bank — not exactly a cheery ending.
"The dissolution of bank payday product is an excellent opportunity," said Adam Rust of Reinvestment Partners, who authored the report detailing links between payday lenders and Wall Street banks.
The dissolution of the U.S.S.R. and the Soviet bloc in 1991 left the bank in disarray for about two decades.
Q. Do these conflicts stem from the dissolution of the Glass-Steagall Act, which for de cades separated commercial banks from investment banks and brokers? A. I don't think the end of Glass-Steagall caused this.
Another situation that could overwhelm banks' strongest defenses is a dissolution of the euro.
Commercial banks are traditional banks (including foreign banks) that have shareholders as owners of the bank.
This would trigger a crisis of unprecedented proportions in the French banking sector, which could quite plausibly culminate in the dissolution of the entire Eurozone area.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com