megabank

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English

Etymology

mega- +‎ bank

Noun

megabank (plural megabanks)

  1. (informal) A major bank (financial institution).
    • 2008 February 27, Eric Dash, “Small and Midsize U.S. Banks Beginning to Struggle in Credit Crisis”, in New York Times‎:
      “The megabanks get all the headlines,” said Jaret Seiberg, a research analyst for the Stanford Group, a private wealth management and banking firm.
    • 2017, Mary Kreiner Ramirez, Steven A. Ramirez, The Case for the Corporate Death Penalty, page 207:
      The second reason offered for blanket nonprosecutions for crimes committed at the megabanks involves the possibility that such prosecutions could harm the economy.
    • 2023 March 22, Philip Oltermann, “Switzerland’s national pride dealt heavy blow by the merger of its banking titans”, in The Guardian‎, →ISSN:
      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.

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