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UKBanking company
/bˈaŋkɪŋ kˈʌmpəni/
/bˈæŋkɪŋ kˈʌmpəni/Banking company
[NOUN]1
a financial institution that accepts deposits and channels the money into lending activities
Examples
1. Chemical Bank and Chase Manhattan are joining forces to become the biggest banking company in the nation with assets of nearly $300 billion dollars.
2. Stephen Clapp's great-grandpa may have run the People's Banking Company, but for the last 70 years, pretty much everyone else in his family has had a different employer, Whirlpool.
3. And that is the so-called Volcker rule, which is intended to provide a basis for more closely regulating the derivatives activities and other trading, financial trading activities of the banking companies.
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