1. She apparently stopped repaying the loan after the bank changed ownership and lost the loan documents, they said. 2. A deal hinges on Asian and Latin American countries relaxing restrictions on foreign bank ownership and breaking up state monopolies. 3. However, U.S. banking laws do not permit banks permanent ownership of operating companies that are acquired in a foreclosure. 4. Koram Bank also fell for a second day after a presidential financial-reform committee proposed keeping tight bank ownership limits, analysts said. 5. Officials said earlier today there were no major stumbling blocks left for an accord on the insurance industry, with some outstanding differences remaining over bank ownership. 6. Greenspan said the reform is a first step towards the larger issue of bank ownership or acquisitions of industrial companies. 7. The banking overhaul includes an end to all restrictions on bank ownership by foreigners and strict new supervisory rules. 8. Thus the change in bank ownership will be most notable. |