wirehouse n.— «Recruiters said although there has been a spike this year in disenfranchised advisers going independent, the vast majority of those on the move simply go to another “wirehouse”—a term used to describe large...
passporting n.— «Some banks had been allowed to open branches in the UK through a process known as “passporting,” which meant they were not regulated by the FSA, explained Lord Davies.» —“UK ‘ignored Iceland bank...
mag-stripe n.— «In theory, overseas merchants are required to accept US cards (which are called “mag-stripe,” for the magnetic stripe that identifies each card).» —“HomeATM’s “PIN my Card” Solves Chip and PIN...
walk on a bank n.— «More likely than the kind of exodus of depositors that quickly sank IndyMac is what some bankers call a slow-motion “walk on the bank” which could cripple financial institutions already weakened by credit...