money center bank

(redirected from Money-Centre Bank)

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 ?
Citibank is scheduled to open an Islamic bank in Bahrain this summer, making it the first money-centre bank to set up an Islamic institution.
At 47, Citigroup shares trade at a significant 15 per cent discount to its book value, unlike its money-centre bank peers JPMorgan, Bank of America and Wells Fargo, who all trade at tangible book value multiples of 1.5, 1.3 and two, respectively.
I am bullish on Japanese money-centre banks (known as "city banks" in Dai Nippon).
It said that it is expecting the creation of a few large money-centre banks and a larger number of 'super-regional' banks.
All the big banks specializing in international-funds transfer are called money-centre banks -- some of the biggest process up to $1 trillion in wire transfers per day.
Healthcare/biotech, software, US domestic shares, money-centre banks!
After all, at 600 pence, my valuation paradigm tells me I am buying one of the world's pedigreed international money-centre banks at all of one times forward book value.