megabank
1
4.6
- noun
- /ˈmɛɡəˌbæŋk/
:
megabanco
- The global economy is influenced by several megabanks that operate across multiple countries.
- megabanks of the world
Examples
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Bank of America's closest peer in terms of being a value-priced megabank with a poor reputation is Citigroup Inc. (NYSE: C).
Blog text (21) -
Fisher said Wednesday that megabanks pose such a danger that they can spread "debilitating viruses throughout the financial world," reiterating his call that megabanks should be broken up.
Blog text (3) -
Miller probably had to face challenges to become an executive at the megabank.
Blog text (25) -
A third top Fed official is calling for megabanks to be broken up.
Blog text (3) -
Unfortunately, today only five of these 25 megabanks are American-owned, according to Leto Market Insight.
Academic text (2010) -
Today we have a dollar-based global financial system dominated by roughly 25 government-subsidized international megabanks, with some of the biggest owned by China.
Academic text (2010) -
But between Bullard, Hoenig, and Fisher, at least three of the 12 regional Fed presidents are calling for megabanks to be broken up.
Blog text (3) -
These subsidies enable megabanks to borrow more cheaply and grab market share relative to smaller banks (those with less than $10 billion of assets).
Blog text (14) -
The inability of Europe's megabanks to come up with the trillions of dollars they owed posed such a risk to the U.S. economy that doing nothing was simply not an option.
Academic text (2018) -
While I'll continue fighting to eliminate this mentality with the megabanks, we need to stop the spread of the too-big-to-fail virus into other sectors of the economy," Vitter said.
Blog text (22)
How Big
Surface Forms
Morphology
Etymology
The word megabank joins the prefix mega- meaning 'very large' with bank, and you see the same mega in megabyte and megastore. So, a megabank is simply a bank that is very big and often works around the world.