Under U.S. federal law, the Office of the Comptroller of the Currency, as the appropriate federal banking regulator of national banks, is empowered to declare a national bank insolvent, and appoint the Federal Deposit Insurance Corporation (the "FDIC") as receiver. In this role, the...
Notes on the Consolidated Financial Statements 89 1 Basis of preparation and material accounting policies 99 2 Operating profit 102 3 Insurance business 108 4 Employee compensation and benefits 111 5 Tax 112 6 Dividends 113 7 Trading assets 113 8 Derivati...