money center bank

(redirected from Money-Centre Banks)

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.
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money center bank

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
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!