Banking Company

What do we mean by banking company?

Here you will find one or more explanations in English for the word banking-company. Define banking-company, banking-company synonyms, banking-company pronunciation, banking-company translation, English dictionary definition of banking-company.

(FINANCE) a company that exists for the sole purpose of owning a controlling interest in the several branches of a bank. Owing to the interplay of US federal and state banking laws, it is often necessary for a bank to incorporate itself as a separate and distinct company in different states, or for different business functions (e.g., capital management, underwriting/investment banking, savings banking, etc.). One of the exasperating benefits that bank holding companies get is a further limitation of liability. Often, the structure of the bank holding company is such that one of the firms owned (like Washington Mutual Bank, Inc.) can be insolvent, without resulting in the liquidation of the holding company. Urban Dictionary

Words that sound like banking company:
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