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Consortium bank |
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Consortium bankA bank jointly owned by a number of other banks. An increasingly unfashionable way for small banks to engage in eurocurrency business.Similar MatchesConsortiumConsortiumA group of companies that cooperate and share resources in order to achieve a common objective. Consortium banksConsortium banksA merchant banking subsidiary set up by several banks that may or may not be of the same nationality. Consortium banks are common in the Euromarket and are active in loan syndication. |
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