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Prime Bank
(redirected from Prime Banks)

    Also found in: Wikipedia 0.02 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.
Islamic banks 'to have important role to play' by Gulf Weekly
Some promoters avoid specific reference to prime banks, instead calling these schemes "risk-free guaranteed high-yield instruments.
The top 10 scams by Best's Review
The email purported to come from a Mr Clement Ani, auditor general of Prime Banks of Africa, and promised recipients 35 per cent of the total.
'Make a fortune' scam could cost folk thousands; DON'T RESPOND TO ... by Coventry Evening Telegraph (England)
 
 
 
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