Definitions
Wiktionary
- adj. Of or pertaining to more than one bank (financial institution).
Etymologies
- multi- + bank (Wiktionary)
Examples
“J.P. Morgan previously was involved in multibank loans as big as $48 billion for German power and gas company E.ON AG in 2006, according to Dealogic.”
The Wall Street Journal: J.P. Morgan Flexes Its Muscle in $20 Billion Loan to AT&T
“A group of five banks remain in the multibank lawsuit against MBIA, including Bank of America Corp., which is separately being sued by MBIA for misrepresenting the mortgages backing the loans the bond insurer guaranteed.”
The Wall Street Journal: MBIA and Morgan Stanley Settle Bond Fight
“The forex market is littered with failed trading platforms and initiatives, and multibank efforts are notoriously difficult to promote because of often conflicting interests.”
The Wall Street Journal: Banks Bid to Regain Forex Market Clout
“Depositors using a multibank approach should review the list of banks where funds are held to prevent the possibility of exceeding FDIC limits.”
“Tony Collins was named president and chief executive on an interim basis for this multibank holding company.”
“Virginia is believed to be the first state to sponsor a multibank 529 bank product.”
“Five generations ago, his family bought ownership into the predecessor bank to UMB Financial, a $440 million multibank holding company with 141 branches throughout the Midwest.”
“Mariner Kemper now runs the multibank holding company that owns and operates 141 banks from Illinois to Arizona.”
“CenterState (NASDAQ: CSFL), a multibank holding company headquartered in Davenport, won't pay a premium for the deposits, a filing with the”
Boston Business News - Local Boston News | Boston Business Journal
“As head of Suburban Bancorp, Mr. Fitzgerald gained a reputation as an innovator - his banks were among the first in the state to employ ATMs. In 1980, when a new Illinois law paved the way for creation of branch banking, he established Suburban as Illinois' first multibank holding company.”
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