...Citicorp before the Senate Banking Committee on October 29, 1981. He had some interesting remarks. He said it is inconceivable that any major bank would walk...its holding company. If your name is on the door, if all of your capital funds are going to be behind it in the real world, lawyers can say you have...

...that any major bank would walk away from any subsidiary of its holding company. If your name's on t door, all of your capital funds are going to be behind it in the real world. Lawyers can say you have separation, but the marketplace is persuasive, and it would not see it that...

...the law, and gain some flexibility by so doing. But it is a very poor way to operate. For example, it is inconceivable that any major bank would walk...funds are going to be behind it in the real world. Lawyers can say you have separation, but the marketplace is persuasive, and it would not see it that...

...before this Committee, with regard to the effect of the failure of a holding company affiliate, stated: If your name is on the door, all of your capital funds are going to be behind it in the real world. Lawyers can say you have a separation, but the marketplace is persuasive, and it would not see it that...

...Wriston addressed the separability question quite bluntly in 1981 congressional testimony, and I quote: It is inconceivable that any major bank would walk...funds are going to be behind it in the real world. Lawyers can say that you have separation, but the marketplace is persuasive and it would not see it...

...our $7 billion of capita] is behind everything that we do. Furthermore, Wriston notes: For example, it is inconceivable that any major bank would walk...funds are going to be behind it in the real world. Lawyers can say you have separation, but the marketplace is persuasive, and it would not see it that...

...Hriston has admitted: \, It is inconceivable that any major bank would walk away from any subsidiary. ... If your name is on the door, all of your capital funds are going to be behind it in the real world.V Bank regulators have acknowledged that ...large losses in a securities subsidiary, as in any...

...fail — is still prevalent among bankers. Former Citicorp Chairman Walter Hriston has admitted: V It is inconceivable that any major bank would walk away from any subsidiary. ... If your name is on the door, all of your capital funds are going to be behind it in the real world....

...lending freely to the customers of affiliates. As Walter Wriston has observed in a well-known comment, "It is inconceivable that any major bank would walk...away from any subsidiary of its holding company." Clearly, if parents of banks know they can use them in a pinch to rescue other subsidiaries of the...

...business entity, with the component parts drawing on each other for marketing and financial strength. It is inconceivable that any major bank would walk...funds are going to be behind it in the real world. Lawyers can say you have separation but the marketplace is persuasive and it would not see it that...