money center bank

(redirected from Money-Centre Bank)

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 ?
At 47, Citigroup shares trade at a significant 15 per cent discount to its book value, unlike its money-centre bank peers JPMorgan, Bank of America and Wells Fargo, who all trade at tangible book value multiples of 1.
As an investor, I view the latest Fed rejection of its capital plan as a strategic opportunity to accumulate America's cheapest money-centre bank shares, now that Bank of America is up almost 30 per cent since last summer.