Dictionary

megabank en · NOUN

Etymology

From mega- + bank.

Meanings

1. (informal) A major bank (financial institution).
   • While the move has, for now, calmed fears of a repeat of a 2008-style domino effect, the merger has left Switzerland with a new megabank on Paradeplatz square. 2023 March 22, Philip Oltermann, “Switzerland’s national pride dealt heavy blow by the merger of its banking titans”, in The Guardian, →ISSN, archived from the original on 31 Mar 2023:
   • The second reason offered for blanket nonprosecutions for crimes committed at the megabanks involves the possibility that such prosecutions could harm the economy. 2017, Mary Kreiner Ramirez, Steven A. Ramirez, The Case for the Corporate Death Penalty, page 207:
   • “The megabanks get all the headlines,” said Jaret Seiberg, a research analyst for the Stanford Group, a private wealth management and banking firm. 2008 February 27, Eric Dash, “Small and Midsize U.S. Banks Beginning to Struggle in Credit Crisis”, in The New York Times, archived from the original on 26 Nov 2022:

Forms

Translations (3)

ja メガバンク, megabanku (major bank) · fi jättipankki (major bank) · cmn 大銀行 /大银行 (major bank)