The bank must still obtain regulatory approvals for the shift to state charter.
This enables the banks to obtain funds at a low cost and thereby increase their operating profits.
It indicates the average rate at which a leading bank can obtain unsecured funding for a given period in a given currency.
But a foreign bank could obtain a license only if its home nation offers reciprocity.
In return, banks obtained regulatory relief on dozens of relatively minor matters.
No one bid, so the bank obtained the house for the $800,000.
Ohio proposed to tax the bank, but the bank had obtained an injunction on the grounds of federal sovereignty.
As a result, banks obtain huge amounts of confidential information about patients.
"The banks have obtained a tax benefit, a huge benefit, and that is what they are relying on."
The bank is obtaining the necessary approval to upgrade the Shanghai representative office to full branch status.