money center bank

(redirected from Money Centre Banks)

Money Center Bank

A large commercial bank in a major city. Smaller banks use the interest rates and business practices of money center banks to influence their own. For that reason, money center banks are considered leaders (at least regionally). They are also called money market center banks.

money center bank

References in periodicals archive ?
Wall Street views Bank of America as the most rate sensitive among the US money centre banks, hence any Fed move in June will mean a valuation rerating for the bank.
As Wall Street dumps high momentum biotech/internet shares, the world's leading money centre banks offer the potential for lower risk capital appreciation and rising dividend payouts.
Money centre banks have been a loser asset class in January and February as the capital markets price in the cumulative impact of a flatter US Treasury yield curve, financial distress in the energy loan book, regulatory restrictions, mediocre fixed income trading profits and equity trading volumes.
It is no coincidence that a steeper yield curve last week lifted dirt cheap US money centre banks Citigroup, Bank Am and investment banks Goldman and Morgan Stanley.