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Types of bank and people who work in banks

bad bank

noun

a bank created by the state to buy private banks’ bad debts (=money owed to them that will never be paid) so that the private banks can continue to lend money

bank

noun

a financial institution that people or businesses can keep their money in or borrow money from. The main banks used by ordinary people are called high-street banks

bank

noun

an office of a bank

banker

noun

someone who has an important position in a bank or other financial organization

building society

noun

a financial organization in the UK in which people invest money to earn interest, and from which they can borrow money to buy a house or flat. A building society is similar to a bank but all its customers have a share in owning it.

building society

noun

an office of one of these organizations

central bank

noun

a national bank that controls a nation’s policies on money and interest rates

clearing bank

noun

a bank that does business with other banks through a clearing house

clearing house

noun

a central office that carries out the business that major banks do with one another

counting house

noun

a place where money and accounts were kept in the past

credit union

noun

an organization that looks after money that its members have saved and lends them money at low rates of interest

the Fed

noun

the Federal Reserve

the Federal Reserve

noun

the organization that controls the US national bank

the Federal Reserve

noun

the national bank system in the US

governor

noun

the person in charge of an institution such as a bank or prison

investment bank

noun

in the United States, a bank that buys and sells large quantities of securities (=documents showing that someone owns a small part of a company)

lender

noun

a person or a financial institution such as a bank that lends money

merchant bank

noun

a bank that provides financial services to companies, not people

savings and loan association

noun

a building society

savings bank

noun

a bank that people have a savings account with

shroff

noun

someone in South Asia who works in a bank or exchanges money of one country for money of another country

the Square Mile

the district of London where many banks, financial institutions, and other big companies have their offices. It is also called the City of London or the City.

teller

noun

someone whose job is to receive and pay out money in a bank

thrift

noun

a building society

trustee

noun

a bank or other organization that has the same responsibility

the World Bank

an international organization that lends money to countries that are members of the United Nations

zombie bank

noun

a bank that is worth less than nothing but continues to operate because its debt is supported by the government

merchant banker

noun

the City (of London)

an area in central London where there are many large banks and other financial institutions. This is often used to refer to the institutions themselves

sandwich generation

a generation … who are balancing working life with caring for both their teenage children and elderly parents

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Open Dictionary

dish

to gossip or share personal information with someone …

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