Multiple Bank

Multiple Bank

A bank that provides more than one type of banking service. For example, a bank that provides retail services, investment banking services, and brokerage services is a multiple bank. In the United States, multiple banks have become more common since the repeal of the Glass-Steagall Act in 1999.
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The new service provides corporates with streamlined connectivity and visibility into their bank balances and statements, reporting and payments across multiple bank interfaces from one location.
5 million Pakistanis living in posh areas who frequently travel abroad, operate multiple bank accounts and travel in luxury vehicles but dont pay a penny in tax.
By no longer having to meet the demands of multiple bank interfaces, corporates become bank agnostic; meanwhile automation delivers significant benefits, including:
He may claim parenthood of the "Third Way" between Marxism and capitalism but his multiple bank accounts fall resoundingly in favor of a tyrannical corruption of the later
HSBC had decided to abolish the interest-free overdraft facility facility on its graduate account because it claimed many students were running multiple bank accounts to take advantage of interest-free borrowing facilities but did not plan to make HSBC their main bank.
So far, the technique has been used to "track an alleged terrorist bomb maker" who used multiple identities, multiple bank accounts, third parties and third countries to buy bomb-making equipment to an overseas factory.
CPAs should be alert to businesses that have a questionable rationale for using multiple bank accounts.
The new design archives multiple bank performance with a small area overhead and includes two built-in page sizes in one chip to ensure suitability for applications ranging from low-end computers to high-end workstations.
5 million to $25 million (up to $75MM multiple bank syndication) in a revolver or term facility secured by oil and gas assets.
Half of these RFPs will be for a single service, and half will be for multiple bank services.
A Promontory official, Kevin Hamilton, said that the company offered to deposit funds for municipalities, electronically into multiple bank accounts rather than the old method of manually depositing the amounts.
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