Core Bank


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Core Bank

A commercial bank that is a major presence globally or in a certain area. For example Goldman Sachs is a core bank worldwide. Core banks have highly diversified assets but carry a great deal of systemic risk. Some may be considered too big to fail.
References in periodicals archive ?
GE (NYSE:GE) on Friday announced an agreement to sell GE Capital's majority stake in Core Bank of Bank BPH (WSE:BPH) to Alior Bank (WSE:ALR).
Under this transaction, Bank BPH will be transformed into two separate operating units, the Core Bank and the Mortgage Bank, followed by the spin-off and demerger of the Core Bank into Alior Bank.
GE (NYSE:GE) has said that it has completed the sale of Bank BPH's Core Bank (WSE: BPH) to Alior Bank (WSE: ALR), representing total ending net investment (ENI) of nearly USD3.
As we work to execute on our strategy to sell most of GE Capital's assets we are pleased to sell Bank BPH's Core Bank to Alior Bank, one of Poland's most well-respected banks and focused on growth,' said Rich Laxer, GE Capital chairman and CEO.
As part of the transaction, Bank BPH will be transformed into two separate operating units, the Core Bank and the Mortgage Bank, upon which the Core Bank will be merged into Alior Bank.
Specifically, regulators should clarify how they will use certain regulatory flexibility under the advanced approaches rule, particularly with regard to how they will exercise exemptions for core banks from the advanced approaches requirement and the extent to which core banks will be allowed to adopt the standardized approach.