"The banks were not recognizing the level of risks and appropriately pricing for it."

The bank recognized his government's existence and was standing by to provide financial assistance, in the event that it may need such help.

Had we done so, the bank would have recognized the imposture immediately.

"The bank recognizes the growing importance of our wine industry to their business and the economy on Long Island," she said.

The Council hopes the banks will recognise the concerns of their customers and become more open about charges.

The action means that the bank will not recognize the interest due on these loans until it is actually paid.

Therefore, these banks may recognize other loan losses at this time.

They added that many banks recognized the coming troubles by establishing large loss reserves two years ago.

What the young Niki did have was expectations, which the bank recognized.

"Most banks don't reward and recognize their employees for working hard and selling," he said.