Tagbanks

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...

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...

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...