Examples of Bank Subsidiary in a sentence
The Bank shall not be obliged to accept or to act upon any Request if to do so would require access to, action by, or information from the Branch, or any Bank Subsidiary located in any jurisdiction where it is not a Banking Day at the relevant time when such access, action or information is required or would cause a breach of any existing mandate facility limit or agreement between the Bank, the Branch and/or Bank Subsidiary (as applicable) and the Customer.
The Borrower will maintain, and cause each Bank Subsidiary to maintain, at all times such amount of capital as may be prescribed by such entity’s prudential supervisor, from time to time, whether by regulation, agreement or order.
After completing the transfer in accordance with this Act, the Bank Subsidiary, Insurance Subsidiary or Securities Subsidiary of the Financial Holding Company which is originally a public company shall, unless otherwise provided in this Act, comply with the provisions related to public issuing under the Securities and Exchange Act mutatis mutandis.
The lower revenue was mainly due to lower sales from Singapore operations.
Bank Subsidiary Reporting DifferencesGenerally, the FR Y-9C reports should reflect the same accounting practices as those used in its subsidiary depository institutions’ Reports of Condition and Income (Call Reports).