Core Bank


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Core Bank

A commercial bank that is a major presence globally or in a certain area. For example Goldman Sachs is a core bank worldwide. Core banks have highly diversified assets but carry a great deal of systemic risk. Some may be considered too big to fail.
References in periodicals archive ?
16 /PRNewswire/ -- Kirchman Corporation, a global leader in providing core bank processing systems, today announced that Fairfax State Savings Bank of Fairfax, Iowa, has signed a contract with the company to implement Kirchman Bankway(R) to support the bank's operations.
Kirchman continues to redefine the definition of core bank software by being the only vendor that offers the same single, integrated system to support institutions ranging from de novo banks to $35 billion bank holding companies.
Revenues before loan loss provisions in Core Bank stable in second quarter at EUR 2.
Non-core banks compete with core banks in retail markets, but in wholesale markets core banks often compete with investment firms and foreign-based banks.