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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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.
For large capacities, the heat exchanger can be of modular construction with multiple banks mounted directly in series to achieve the full thermal duty.
This forces depositors to spend a considerable amount of time and effort placing and monitoring deposits at multiple banks all over town and, in some cases, all over the country.
They used to have a problem in dealing with multiple banks.
The '350 Patent, which was awarded to Island IP on May 19, 2009, is related to sweep technology that enables banks to offer expanded FDIC insurance coverage through multiple banks, while obtaining reciprocal deposits from a system of network banks based on the amount of funds the participating bank puts into the system, thereby keeping deposits on a bank's balance sheet to fund loan demand.
So far, such transactions were routed through multiple banks.
Consolidation of reports across multiple banks and business untis are also a time consuming process which can be reduced through the use of a multibank trade finance platform.
Multiple banks have pre-approved this GREAT opportunity.
com an online information provider on bank rates, terms and conditions of loans and also helps customers to apply for loans from multiple banks.
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