Definitions for bad bank
bad bank

WiktionaryRate this definition:0.0 / 0 votes

1. bad banknoun

   A bank created to specialize in the ownership of defaulted loans and their collection.

2. Etymology: Possibly derived from a usage by Walter Bagehot in Lombard Street: "The cardinal maxim is, that any aid to a present bad bank is the surest mode of preventing the establishment of a future good bank."

WikidataRate this definition:0.0 / 0 votes

1. Bad bank

   Bad bank is a term for a financial institution created to hold non-performing assets owned by a state guaranteed bank. Such institutions have been created to address challenges arising during an economic credit crunch wherein private banks are allowed to take problem assets off their books. Securum, a Swedish bank founded to take on bad assets during the Swedish banking rescue of 1991 and 1992, is an example of such a bank. The financial crisis of 2007–2010 resulted in bad banks being set up to handle the crisis in a variety of countries. For example, a bad bank was suggested as part of the Emergency Economic Stabilization Act of 2008 to help address the subprime mortgage crisis in the US. In Ireland, a bad bank, the National Asset Management Agency was established in 2009, in response to the financial crisis in that country.

How to pronounce bad bank?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say bad bank in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of bad bank in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of bad bank in Pythagorean Numerology is: 8

Examples of bad bank in a Sentence

1. Economy Minister George Stathakis:

   A bad bank could restructure those loans using more balanced criteria that would take into account the economic and social consequences, this was one proposal that we put on the table and it is part of the discussions. There are other solutions.

2. Oliver Ellingham:

   It is needed (in Greece), but it is not the easiest place to have a bad bank.

3. Avneesh Sukhija:

   State-owned banks that are struggling will be able to attract capital only when their balance sheet is cleaned, the creation of the bad bank will make them attractive to institutional investors. (A) bad bank is a short term solution and not a long term fix.

4. Hugh Young:

   I think it's fundamentally not a bad bank. Yes, it made some mistakes that banks make, but not fatal mistakes - relatively straight forward.

5. Hans Michelbach:

   The ECB would turn into a bad bank, this is the start of a transfer union by the back door.

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Bad_Bank
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=bad bank