What does zombie bank mean?
Definitions for zombie bank
zom·bie bank
This dictionary definitions page includes all the possible meanings, example usage and translations of the word zombie bank.
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Wiktionary
zombie banknoun
A bank that is insolvent but is propped up by government intervention
Wikidata
Zombie bank
A zombie bank is a financial institution that has an economic net worth less than zero but continues to operate because its ability to repay its debts is shored up by implicit or explicit government credit support. The term was first used by Edward Kane in 1987 to explain the dangers of tolerating a large number of insolvent savings and loan associations and applied to the emerging Japanese crisis in 1993. A zombie can continue to operate and even to grow as long as creditors remain confident in the relevant government's ability to extract the funds needed to back up its promises from current or future taxpayers. But when this ability seems doubtful, zombie institutions face runs by uninsured depositors and margin calls from counterparties in derivatives transactions.
Numerology
Chaldean Numerology
The numerical value of zombie bank in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of zombie bank in Pythagorean Numerology is: 8
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"zombie bank." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/zombie+bank>.
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