Bad bank

(redirected from Collection Banks)
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Bad bank

A government owned entity that takes over and liquidates toxic assets from failed or declining financial institutions to leave them with a clean balance sheet. The strategy was last used during the Savings and Loan crisis of 1980s where this entity was called the Resolution Trust Corporation.

Bad Bank

A bank to which a bank holding company transfers non-performing assets from the banks it owns. This reduces the risk to which the transferring banks are exposed, which in turn increases their credit quality. A bad bank is also called a collection bank.
References in periodicals archive ?
Unwanted clothes, shoes, household textiles, handbags or belts can be put in the purple collection banks.
Head of waste management, Paul Jones, says the amount of textiles being deposited at the collection banks is 13% lower than forecast.
If you currently use multiple remote banks to deposit receivables, you can reduce costs by concentrating them all in one collection bank.
A book collection bank supporting Oxfam is also to be added to the facilities in mid September.
Note holders also have the right to tender the debenture for water payment obligations through the collection banks.
Moneygrabbing council bosses are cashing in by selling clothes left in collection banks originally intended for charity.
When These DNA sequences are classified as "data," and when human cells are classified as "microorganisms" in the collection banks, human cell lines become a commodity that may be traded on the transnational market.
The successful contractor will be required to provide suitable collection banks, sited at various locations within the boundaries of the member authorities, and provide a collection service on a weekly or as and when requested frequency.
The fact that the YMCA collection banks will be in place all year allows everyone to donate a wide range of items that may have ended up in landfill.
Organisations such as the Salvation Army, British Heart Foundation and Scope raised much-needed funds by selling clothes and shoes donated by the public at collection banks located in council-owned recycling centres in Northumberland.
Since the city council's bra recycling campaign began five months ago women have already handed in more than 1,000 at 11 collection banks scattered throughout the city.
The collection banks were installed in aswaaq's five community centres located in Nad Al Hamar, Mizhir, Umm Suqeim, Al Warqa'a and Mirdif.
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