A financial institution which is insolvent but which continues to operate through government support.
Example sentencesExamples
This stand-off threatens to create a slew of zombie banks, on life support from the taxpayer, for a prolonged period of time.
We'll have zombie banks and resulting stagnation like the Japanese.
They're not going to do a big fiscal stimulus, and they're still keeping alive their zombie banks.
They kept these sort of zombie banks alive, well enough not to die but not well enough to actually give loans.
The zombie banks compete with the healthy banks.
Despite booming trading profits posted by some of the larger banks, the bad loan portfolios of zombie banks weigh like a nightmare upon the living.
Remember, the longer we live with zombie banks, the harder it will be to end the economic crisis.
To keep today's zombie banks alive, massive amounts of government intervention have been required.
In developing countries, a zombie bank's first line of defense against a silent run is usually to arrange loans from relatively well-informed foreign banks.
That's because a situation in which banks are insolvent but stay in business means that you have `zombie banks '.
Definition of zombie bank in US English:
zombie bank
noun
informal
A financial institution which is insolvent but which continues to operate through government support.
Example sentencesExamples
That's because a situation in which banks are insolvent but stay in business means that you have `zombie banks '.
Despite booming trading profits posted by some of the larger banks, the bad loan portfolios of zombie banks weigh like a nightmare upon the living.
We'll have zombie banks and resulting stagnation like the Japanese.
Remember, the longer we live with zombie banks, the harder it will be to end the economic crisis.
The zombie banks compete with the healthy banks.
In developing countries, a zombie bank's first line of defense against a silent run is usually to arrange loans from relatively well-informed foreign banks.
They kept these sort of zombie banks alive, well enough not to die but not well enough to actually give loans.
They're not going to do a big fiscal stimulus, and they're still keeping alive their zombie banks.
This stand-off threatens to create a slew of zombie banks, on life support from the taxpayer, for a prolonged period of time.
To keep today's zombie banks alive, massive amounts of government intervention have been required.