money center bank


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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 ?
The results show that exposure is much more severe using consolidated data, implying that some money center banks or systematically important banks were underestimated by the contagion model before the 2008 financial crisis.
The money center banks in the Northeast experience a significant negative share price response to one announcement about BNE while the other banks in the Northeast experience a significant negative share price response to two announcements.
Any surprise restrictions on dividends and share buybacks on the Fed CCAR 'stress tests' is also a risk for money center banks. Citigroup was censored last year for inadequate internal controls.
Major money center banks tend to hold loans from $25 million to $125 million, though they can underwrite (fund prior to post-closing syndication) up to several hundred million.
He brings 20 years of trading experience at large money center banks and hedge funds with the aim of bolstering Odeon's footprint with the larger global asset allocators.
This is the reason the yield on the ten year US Treasury note has fallen to 1.75 per cent and the shares of international money center banks like Citigroup, Deutsche Bank, Bank of America, Barclays, Credit Suisse and Morgan Stanley have fallen 30-40 per cent since last summer, thanks to narrower net interest rate margins, losses on energy lending and high yield debt trading/ underwriting.
In Delaware, a number of out-of-state money center banks own credit card institutions chartered in the state.
Schutz favors money center banks. "The currency trading environment has been quite good for them, also M&A advisory fees."
And while money center banks have been able to make substantial profits trading off of Federal Reserve policy, community banks have not been able (allowed) to.
New York's money center banks predicted financial turmoil in Europe at least two years prior to the event.
For all record purposes, the listing of Sri Lankan corporates in the TSE would enable the Sri Lankan corporates to tap and to raise funds from external (international) sources, money center banks and markets.
Citi is rebuilding its investment banking operations, says McGee, anticipating simultaneous rises in the economy and lending as money center banks will be needed to assist the financial rebuilding of the domestic and global economies.