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(And in December, regulators ordered National City to divest 61 branches to win approval for its merger with PNC Financial Services).
Lloyds claimed its capital ratio would have been 9.6%, if the regulator had not assumed the costs of divesting TSB branches would be recurring.
+ Tax bonuses of any bank refusing to divest itself of a branch structure at double the prevailing rate- branches have limited value given their poor service and internet banking.
The Fleet Financial Group was required by the Federal Reserve Board to divest itself of 278 branches to satisfy anticompetitive concerns and gain approval of a 1999 merger with BankBoston.
The Swedish Assa Abloy Company (known for its Mul-T-Lock brand) closed its lock-smithing factory in the Barkan settlement in the West Bank, and Barkan Winery Company divested from its branch in Barkan Industrial Park after the company entered a partnership with Dutch beer brewers Heineken.
Other senior officials in the executive branch are required to divest their assets.
People who have to divest stock to join the executive branch of the federal government can defer paying capital gains tax as long as they roll the proceeds into other investments.
"And we are not asking whether existing banks might have to divest themselves of a significant number of branches.
Judges, unlike some executive branch officials, are not required to divest themselves of their stock holdings.
Require all senior executive branch employees, including the president, to divest of all income-bearing properties and foreign holdings.
In June, the U.S. branch of the Presbyterian church voted to divest from three companies seen as profiting from the military occupation of the West Bank.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com