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Glite Dictionary
multibank holding company

multibank holding company

6.8
A company that owns and controls more than one bank
  • noun
  • Specialized
translation icon : compañía de tenencia multibancaria
  • The regulations strictly govern how a multibank holding company can acquire smaller financial institutions.

Examples

  • He worked in the legal department of a major multibank holding company headquartered in Chicago.

  • Many multibank holding companies are expanding their operations globally.

  • A multibank holding company may diversify its assets to reduce financial risk.

  • The multibank holding company announced its new acquisition today.

  • A multibank holding company oversees multiple banks to optimize its financial portfolio.

  • He joined a multibank holding company to help manage its diverse banking assets.

  • The multibank holding company reported significant growth after acquiring additional banks.

Synonyms

bank holding company
vsmultibank holding company
  • Specialized
2 5.2

A company that owns or controls banks, usually to manage them

owns and controls multiple banks rather than just one

Surface Forms

multibank holding company singular
multibank holding companies plural

Morphology

multibank + holding + company

The phrase is directly compositional: 'multibank' (multi- + bank = several banks) combined with 'holding company' (a company that owns shares/assets) yields the meaning 'a company that owns/controls multiple banks.' Although 'multibank' as a single token is uncommon, the prefix 'multi-' and the component words are transparent and cross-linguistically familiar, so a B1 learner who knows the constituents can infer the meaning.

Etymology

Multibank holding company paints a simple picture: one company 'holding' several banks under the same roof. Because a multibank holding company 'owns' or 'controls' more than one bank, it means a business that owns and manages multiple banks.