What does zombie bank mean?

Definitions for zombie bank
zom·bie bank

Here are all the possible meanings and translations of the word zombie bank.


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Wiktionary

  1. zombie banknoun

    A bank that is insolvent but is propped up by government intervention

Freebase

  1. 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.

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Numerology

  1. Chaldean Numerology

    The numerical value of zombie bank in Chaldean Numerology is: 9

  2. Pythagorean Numerology

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

Images & Illustrations of zombie bank

  1. zombie bankzombie bankzombie bankzombie bankzombie bank

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