Bad bank

(redirected from Collection Banks)
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Bad bank

A government owned entity that takes over and liquidates toxic assets from failed or declining financial institutions to leave them with a clean balance sheet. The strategy was last used during the Savings and Loan crisis of 1980s where this entity was called the Resolution Trust Corporation.

Bad Bank

A bank to which a bank holding company transfers non-performing assets from the banks it owns. This reduces the risk to which the transferring banks are exposed, which in turn increases their credit quality. A bad bank is also called a collection bank.
References in periodicals archive ?
Unwanted clothes, shoes, household textiles, handbags or belts can be put in the purple collection banks.
Head of waste management, Paul Jones, says the amount of textiles being deposited at the collection banks is 13% lower than forecast.
If you currently use multiple remote banks to deposit receivables, you can reduce costs by concentrating them all in one collection bank. You can also speed up the receivables process by imaging all incoming checks, sending them to your bank in an electronic file and letting the bank decide the quickest way to expedite collection.
Collection banks have been set up outside One Stop Shops in Prescot, Halewood, Huyton and Kirkby, and outside the following primary schools: Whiston Willis in Halewood, New Hutte in Halewood, Holy Families in Cronton, Holy Angels in Kirkby, and St Aloyious in Huyton.
Swansea's cabinet member for the environment, Lilian Hopkin, said, "While most of our local supermarkets support council recycling initiatives by providing an area for collection banks, this is the first time that a Swansea supermarket has actually sponsored the purchase of the containers themselves.
Moneygrabbing council bosses are cashing in by selling clothes left in collection banks originally intended for charity.
When These DNA sequences are classified as "data," and when human cells are classified as "microorganisms" in the collection banks, human cell lines become a commodity that may be traded on the transnational market.
The successful contractor will be required to provide suitable textile collection banks, sited at various locations within the boundaries of the member authorities, and provide a collection service at the required frequencies stated in the contract documents.
"The fact that the YMCA collection banks will be in place all year allows everyone to donate a wide range of items that may have ended up in landfill.
We will collate the final subscription data of the offer in the coming few days from the collection banks and report to Capital Market Authority, Oman accordingly.
Organisations such as the Salvation Army, British Heart Foundation and Scope raised much-needed funds by selling clothes and shoes donated by the public at collection banks located in council-owned recycling centres in Northumberland.
Since the city council's bra recycling campaign began five months ago women have already handed in more than 1,000 at 11 collection banks scattered throughout the city.
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