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Prime Bank

   Also found in: Wikipedia 0.01 sec.
Prime Bank
One of the approximately 50 largest banks in the world. Prime banks are well known and trade in extremely large investments. However, the term has a negative connotation because of its association with a prime bank scheme, in which a con man attempts to persuade a person to invest in supposed investment vehicles through a prime bank that does not really exist.


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The ban on interest, investments in highly-leveraged assets, speculation, trading debt and complex structured products takes out many of the risks that led to the collapse or meltdown of some prime banks.
The ban on interest, investments in highly leveraged assets, speculation, trading debt and complex structured products takes out many of the risks that led to the collapse or meltdown of some prime banks.
Prime bank schemes: Victims are taken in by the lure of a very high-yield, tax-free return that, supposedly, is only available to extremely wealthy individuals through offshore trades of bank notes.
 
 
 
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