Prime Bank

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Prime Bank

One of the approximately 50 largest banks in the world. Prime banks are well known and trade in extremely large investments. However, the term has a negative connotation because of its association with a prime bank scheme, in which a con man attempts to persuade a person to invest in supposed investment vehicles through a prime bank that does not really exist.
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The company said it has secured a partnered negotiations with various of the UK s prime banks, acquirers and issuers, vendors and PSPs aimed on different of authentication use cases after proof-of-concept trials with VocaLink.
The bulk of GIB's liquidity was invested in very liquid short-term placements with prime banks and, to a lesser extent, high rated debt securities.
Libor is calculated daily by asking contributing banks the rate at which they expect term funding to be offered between prime banks at 1100GMT.
The ban on interest, investments in highly-leveraged assets, speculation, trading debt and complex structured products takes out many of the risks that led to the collapse or meltdown of some prime banks.
The ban on interest, investments in highly leveraged assets, speculation, trading debt and complex structured products takes out many of the risks that led to the collapse or meltdown of some prime banks.
The bank has established relationships with over 134 prime banks covering 63 cities in 39 countries.
Some promoters avoid specific reference to prime banks, instead calling these schemes "risk-free guaranteed high-yield instruments.
The email purported to come from a Mr Clement Ani, auditor general of Prime Banks of Africa, and promised recipients 35 per cent of the total.
Prime banks, especially those with foreign share holdings, such as Union Bank of Nigeria -- the seventh largest in sub-Saharan Africa -- or the Ghana Commercial Bank, are already appearing leaner and fitter, with a focus on competitive marketing, product-ranges, pricing and technology.
It takes a community bank to set the example for the top one hundred world prime banks to take notice and follow suit.
Acknowledging that, the ECB said it would prime banks with as much liquidity as they need until at least July 2014 and look at ways to boost lending to smaller companies, which are the lifeblood of Europe's economies but have been starved of credit in many countries.