Under the group's new proposal, banking subsidiaries would be permitted to underwrite corporate securities.

Japan's bubble economy of the 1980s is often blamed on real estate speculation by banking subsidiaries.

In addition, it owned a banking subsidiary in Macau.

The bank needed the approval because of American laws governing the establishment of banking subsidiaries.

Subsequently, European partners were bought out and Arab banks transformed them into international banking subsidiaries.

Chittenden Corporation was a bank holding company that provided financial services through its banking subsidiaries.

The company's problems stem mainly from a weak real estate market in Texas and continuing losses by a banking subsidiary.

American Express sold its Geneva-based private banking subsidiary in 1989, but not without some unpleasantness.

One source of cost savings was eliminating separate computer systems at each of the company's eight banking subsidiaries.

And Providian's banking subsidiary will be spun off.