money center bank

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Money Center Bank

A large commercial bank in a major city. Smaller banks use the interest rates and business practices of money center banks to influence their own. For that reason, money center banks are considered leaders (at least regionally). They are also called money market center banks.

money center bank

References in periodicals archive ?
Money centre bank shares have barely recovered 48 per cent of their epic falls during the post Lehman global financial crisis in 2008, vastly underperforming an S&P 500 index that has tripled since it bottomed in March 2009.
I was convinced that Citigroup was the most undervalued money centre bank in New York and wrote at least a half dozen articles in 2012-13 recommending the bank's shares at the 26 to 32 levels.
Money centre bank shares outperform when the US Treasury bond curve steepens, loan growth surges, net interest rates widen, fees/capital markets income rises from depressed levels and economic growth/asset quality metrics accelerates.
The bottom line is that Citigroup is the cheapest American money centre bank now traded on the Big Board.
I am waiting for JP Morgan to fall to 52 as I believe this is an ideal entry point to buy a money centre bank that could well earn $6 EPS in 2014, even more if the expense cost falls below $60 billion.
Fundtech's payment hub software provides money centre banks with the ability to achieve enhanced payment efficiency, cost effectiveness, visibility and compliance by operating global payment functionality through a single software instance.
As Wall Street dumps high momentum biotech/internet shares, the world's leading money centre banks offer the potential for lower risk capital appreciation and rising dividend payouts.
Linda Parish has been in banking for over 25 years starting out at Goldman Sachs AG, and with large money centre banks such as JPMorgan Chase Bank and Bank of America, where she was a vice president and commercial banker specializing in middle market banking and commercial growth.
Fundtech's payment hub software serves money centre banks.
Wall Street views Bank of America as the most rate sensitive among the US money centre banks, hence any Fed move in June will mean a valuation rerating for the bank.
He began his professional career with a Big 3 accounting firm and later assumed financial management positions of increasing responsibility, including public company reporting responsibilities, with New York City-based money centre banks and financial services companies.
Money centre banks have been a loser asset class in January and February as the capital markets price in the cumulative impact of a flatter US Treasury yield curve, financial distress in the energy loan book, regulatory restrictions, mediocre fixed income trading profits and equity trading volumes.