Tagbanks

To Mommick and Mommicked

If you’re mommicked, if you’re bothered, frustrated, or exhausted. Most often heard in coastal North Carolina, mommicked derives from an old word mammock, which as a noun, means “a fragment,” and as a verb, means “to break or tear.” One way to...

Honkers and Shankers

Honkers and Shankers  n.— «HSBC shares are one of the largest components of the FTSE 100 Index. In traditional City jargon the bank is known as “Honkers and Shankers.”» —“est Employer to Work for Award” by Marivic Butod Thinking Made Easy April 27...

cash for keys

cash for keys  n.— «The celebration started early Saturday, with poolside music and drinks, as partygoers passed around business cards and compared notes on successful techniques for evicting residents who try to stay in bank-owned property, a...

zombie company

zombie company  n.— «A new phrase, “zombie companies,” was coined to describe those companies kept alive by banks even though they were insolvent. Some were property companies the value of whose assets had fallen by more than 30 per cent and with...

Twin Peaks approach

Twin Peaks approach  n.— «It was influenced by what is known in regulatory circles as the Twin Peaks approach, used in Australia and the Netherlands. The idea is to create two financial regulators that are given separate responsibilities not based...