Powers of A Universal Bank
A universal bank has the same powers as a commercial bank with the following additional powers: the powers of an investment house as provided in existing laws and the power to invest in non-allied enterprises.
Read more about this topic: List Of Banks In The Philippines
Famous quotes containing the words powers, universal and/or bank:
“My Vanquisher, spoild of his vanted spoile;
Death his deaths wound shall then receive, & stoop
*nglorious, of his mortall sting disarm’d.
I through the ample Air in Triumph high
Shall lead Hell Captive maugre Hell, and show
The powers of darkness bound. Thou at the sight
Pleas’d, out of Heaven shalt look down and smile,”
—John Milton (1608–1674)
“It is impossible that anything so natural, so necessary, and so universal as death should ever have been designed by Providence as an evil to mankind.”
—Jonathan Swift (1667–1745)
“It was like passing a boundary to dive
Into the sun-filled water, brightly leafed
And limbed and lighted out from bank to bank.
That’s how the stars shine during the day.”
—Wallace Stevens (1879–1955)