Multiple Bank

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Multiple Bank

A bank that provides more than one type of banking service. For example, a bank that provides retail services, investment banking services, and brokerage services is a multiple bank. In the United States, multiple banks have become more common since the repeal of the Glass-Steagall Act in 1999.
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Summary: New Delhi [India], Dec 05 (ANI): Fugitive businessman Vijay Mallya, said that he offered to pay back the full amount of the principal loan he owed to multiple banks and asserted that all the allegations against him are false.
This enhanced standard, designed and built in conjunction with ten multinational corporates and 12 leading banks, streamlines the process for corporate treasurers by allowing them to initiate and track gpi payments to and from multiple banks in a single format and integrate gpi flows in ERP and Treasury Management Systems.
This enhanced standard, designed and built in conjunction with 10multinational corporates and 12 leading banks, streamlines the process for corporate treasurers by allowing them to initiate and track gpi payments to and from multiple banks in a single format and integrate gpi flows in ERP and Treasury Management Systems.
After having proven our technology with DHL and multiple banks, the investment will help us to further develop our open platform.'
THE recent multiple banks' robberies that took place in Offa, Kwara State took a new turn on Sunday as the Nigerian Police Force, NPF, invited the President of the Senate, Dr Bunkola Saraki for questioning.
It offers a convenient and efficient collection method for businesses and billing organisations whereby it enables automated collection of recurring payments directly from client's bank account at multiple banks with a single authorisation, he said.
It will consolidate the city government's nearly 175 bank accounts with one or possibly multiple banks for a long-term banking services contract.
In the wake of the uncertain credit situation, corporations are realising the value of enhanced liquidity management to provide visibility into their cash flow and liquidity across multiple banks, accounts, countries and currencies.
Precision sensor manufacturer Micro-Epsilon has extended its CapaNCDT 6200 high resolution capacitive measurement range to include the DL6230 demodulator, which offers up to 10 times higher resolution and can synchronise measurements from multiple banks of controllers.
Based on input from corporates, banks and technology vendors, SWIFT facilitated this new message to create greater efficiencies for clients communicating with multiple banks.
A treasury solution at its most basic level is a consolidation tool to retrieve and aggregate data from the multiple banks for which it holds accounts.
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