financial subsidiary

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More than 10.000 documents for financial subsidiary

- Enforcement of Subsidiary and Affiliate Contracts by the FDIC as Receiver of a Covered Financial Company
The FDIC is proposing a rule (``Proposed Rule''), with request for comments, that implements section 210(c)(16) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``Dodd-Frank Act'' or the ``Act''), codified at 12 U.S.C. section 5390(c)(16), which permits the Corporation, as receiver for a financial company whose failure would pose a significant risk to the financial stability of the United States (a ``covered financial company''), to enforce contracts of subsidiaries or affiliates of the covered financial company despite contract clauses that purport to terminate, accelerate, or provide for other remedies based on the insolvency, financial condition or receivership of the covered financial company. As a condition to maintaining these subsidiary contracts in full forc...
- Federal Register Nbr. 77 FR 18127, March 27, 2012
- Proposed rules
- Federal Deposit Insurance Corporation
- Financial Services Report, Summer 2011.
... charged by the bank's operating subsidiary exceeded that permitted in Minnesota, the operatin...
- Mondaq Business Briefing
- Nbr. 2011, January 2011
- 12 CFR 208.72 - What activities may a financial subsidiary conduct?
- Code of Federal Regulations - Title 12: Banks and Banking

- Bankrupt Subsidiaries: The Challenges to the Parent of Legal Separation
The financial distress of a subsidiary can be a difficult event for its parent company. When the subsidiary faces the prospect of a bankruptcy filing, the parent likely will need to address many more issues than simply its lost investment in the subsidiary. Unpaid creditors of the subsidiary instinctively may look to the parent as a target to recover on their claims under any number of legal theories, including piercing the corporate veil, breach of fiduciary duty, and deepening insolvency. The parent also may find that it has exposure to the subsidiary's creditors under various state and federal statutes, or under contracts among the parties. In addition, untangling the affairs of the parent and subsidiary, if the latter is going to reorganize under chapter 11 and be owned by its credi...
- Emory Bankruptcy Developments Journal
- Vol. 25 Nbr. 1, January 2008
- 12 CFR 208.71 - What are the requirements to invest in or control a financial subsidiary?
- Code of Federal Regulations - Title 12: Banks and Banking
- Plastec Technologies, Ltd. Reports Unaudited Fiscal 2011 Third Quarter and Nine Month Financial Results for Its Operating Subsidiary.
FY 2011 Q3 Financial Highlights * Record sales of $42.0 million, an increase of 42.8% year over year * Gross margin of 19.9% compared to 16.1% * E...
- Business Wire
- April 13, 2011
- New Bank of Oklahoma Financial Subsidiary Targets $1b in Five Years
After years of discussion and preparation, BOK Financial has entered the "Heart of America" with its newest subsidiary, Bank of Kansas City. Marc Maun, chairman and chief executive of the new bank, launched the 30-employee full-service lender last week in the Lighton Tower, at the intersection of College and Metcalf in Overland Park, Kan.
- The Journal Record
- November 17, 2006
- Prudential Financial Subsidiary Agrees to Pay $6m to Settle Securities Fraud Allegations
WASHINGTON, Aug. 28 /U.S. Newswire/ -- Prudential Equity Group LLC (PEG), a broker-dealer subsidiary of Prudential Financial Inc. (Prudential), has entered into a deferred prosecution agreement in which PEG has admitted to criminal wrongdoing in connection with deceptive market timing trading in mutual fund shares dating back to 1999 and agreed to a payment of $600 million in fines, restitution and penalties. The agreement was announced today by Deputy Attorney General Paul J. McNulty, chairman of the President's Corporate Fraud Task Force, who was joined by Director of the Division of Enforcement Linda Thomsen of the Securities and Exchange Commission (SEC), U.S. Attorney Michael J. Sullivan of the District of Massachusetts, and Peter Zegarac, inspector in charge of the U.S. Postal Ins...
- U.S. Newswire
- August 28, 2006
- Closing the Gap When Moving From Uk Gaap to Ifrs: A Case for the Introductory Financial Accounting Course
The case draws on the experience of Denelle Smart, assistant comptroller for financial reporting for a New Hampshire subsidiary of a London-based company. She has been assigned a role in her company's transition from UK GAAP to International Financial Reporting Standards (IFRS) taking place throughout the European Union. In addition to describing the many challenges Denelle faces as she leads her company's transition to IFRS, this case discusses specific IAS 38 criteria, which determine how research and development costs must be accounted for under IFRS. The introductory financial accounting student is given a brief introduction to IFRS along with a review of US/UK GAAP treatment of research and development costs and capitalization of costs in general.
- Global Perspectives on Accounting Education
- Nbr. 3, January 2006
- Plastec Technologies, Ltd. Reports Unaudited Fiscal 2011 Second Quarter and Six Month Financial Results for Its Operating Subsidiary.
FY 2011 Q2 Financial Highlights * Record sales of $47.5 million, an increase of 52.6% year-over-year * EBITDA of $10.8 million, up 49.7% year-over-...
- Business Wire
- December 20, 2010