Nonbank Bank

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Nonbank Bank

An institution that provides most banking services without belonging to the Federal Reserve System or receiving a state charter. Nonbank banks do not offer checking accounts per se, but offer credit cards, loans and savings accounts. They developed to circumvent regulations preventing banks from operating in multiple states. They became unnecessary after the passage of the Riegle-Neal Act, which deregulated banks.
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The Japanese banking crisis of the early 1990s was partly centred on the so-called non-bank banks, subsidiaries of major banks that avoided regulation.
2011), 'The non-bank bank nexus and the shadow banking system', IMF Working Paper WP/11/289.
A second strategy allowing insurers to enter banking was to operate non-bank banks.
The remaining assurbanks, grandfathered by various exemption provisions, owned either non-bank banks or trust companies.
These so-called non-bank banks are the investment banks, bank holding companies, and hedge funds.
Mergers and acquisitions will likely have reduced the number of banks and industry specialists and non-bank banks will play a more prominent role.
These non-bank banks borrowed funds from government development banks as well as from private commercial banks; in turn they gave loans to consumers to purchase homes and autos but were initially prohibited from accepting deposits or investing in securities or derivatives.
But they will face swarms of nimble competitors including community banks, industry specialists and non-bank banks that specialize in providing specific services.
Lo paradojico de la situacion es que la actividad economica ha venido creciendo, y a tasas considerables, casi sin credito de los bancos, las empresas financiandose con recursos propios, con inversion extranjera o mediante colocaciones de deuda en los mercados internacionales de capital, que son opciones solo para las grandes y algunas medianas empresas, y las personas mediante las opciones de credito de los llamados non-bank banks, como son las agencias de automoviles, las grandes tiendas departamentales, etc.
But some, like Central Pacific Bank's Yoshiharu Satoh, are confident that despite the additional players in the financial services game, Hawaii's banking industry will not be as severely impacted by non-bank banks as institutions on the Mainland.
Pero, como suele suceder, los vacios siempre se llenan, pues han aparecido otros tipos de intermediarios financieros que salen al quite, los coloquialmente conocidos como non-bank banks, como las agencias automotrices, las Sofoles, Mi casa, etc.