Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Having the characteristics of a
bank building. - adjective banking, business Resembling an
institution where one can place and borrowmoney and take care offinancial affairs.
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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It's a practice that raises questions about whether credit unions — which often bill themselves as the fee-friendly alternative to banks — have become too aggressively banklike in their quest for revenue.
Courtesy overdraft fees hit credit union customers, too 2009
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The dominant theme of the 2,300-page Dodd-Frank Wall Street Reform and Consumer Protection Act is fear of instability and change, which the act suppresses by subjecting the largest financial firms to banklike regulation.
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Giving the Oversight Council the ability to designate financial institutions as "threat [s] to the financial stability of the United States" because of their "scope, size, scale, concentration, interconnectedness, or mix of [their] activities" is an invitation to subject most of the major financial institutions in the United States to banklike regulation.
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As a citizen, however, I hold with the banks that the banklike CUs should no longer be shielded from tax.
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But in today's Darwinian struggle for business, it's no longer fair to leave the prosperous banklike CUs entirely untaxed.
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The nonprofit status makes credit unions exempt from income taxes, much to the chagrin of tax-paying banks - especially when they become as big and can offer as many banklike services as Summit can.
JSOnline.com 2010
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But in the years before the crisis, the rules were relaxed - and, even more important, regulators failed to expand the rules to cover the growing "shadow" banking system consisting of institutions like Lehman Brothers that performed banklike functions.
AroundTheCapitol.com 2010
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Subject the banklike functions of investment banks and structured investment vehicles
Econbrowser 2009
Comments
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