Prime Bank

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Dictionary Says

Definition of 'Prime Bank'

Term used to describe the top 50 banks (or thereabouts) in the world. Prime banks trade instruments such as world paper, International Monetary Fund bonds and Federal Reserve notes.
Investopedia Says

Investopedia explains 'Prime Bank'

Be extremely wary when you hear this term. It is often used by fraudsters looking to give some legitimacy to their cause.

Prime bank programs often claim investors' funds will be used to purchase and trade "prime bank" financial instruments for huge gains. Unfortunately, these "prime bank" instruments often never exist and people lose all of their money.
Search results for

'Prime Bank'

  • Investment Scams: Different Types Of Scams | Investopedia

    http://www.investopedia.com/university/scams/scams1.asp
    ... Prime Bank - This term usually describes the top 50 banks (or thereabouts)
    in the world. Prime banks trade high quality and low ...

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  • How did currency trader John Rusnak hide $691 million in losses ...

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    ... kept the bank from discovering the losses, he set about doubling his bets on the
    rise of the yen. Rusnak convinced his superiors that a prime brokerage account ...

  • Baby Boomers Beware: Financial Fraud That Targets Seniors

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    ... From the Nigerian letter scam to the prime bank note scheme, there is a long tradition
    of fraudsters promising the world for the petty cost of your life savings ...

  • What's the difference between a bank guarantee and a letter of ...

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    ... What's the difference between a bank guarantee and a letter of credit? ... Once these
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  • You Can Bank On Canada

    http://stocks.investopedia.com/stock-analysis/2009/You-Can-Bank-On-Canada-RY-TD-BNS-CM-BMO0324.aspx
    ... It seems the sub-prime troubles from its US operations are mostly behind it. The
    remaining three banks, including the biggest, Royal Bank of Canada, all saw ...

  • Are US banks authorized to issue bank guarantees or medium term ...

    http://www.investopedia.com/ask/answers/10/us-banks-authorization.asp
    ... Are US banks authorized to issue bank guarantees or medium term notes (MTNs)? ... Read
    More ». Bank Rates. Savings; Home Equity; Mortgage; Auto. Product, Today, Last ...

  • Can PNC Get Regional Bank M&A Moving?

    http://stocks.investopedia.com/stock-analysis/2010/Can-PNC-Get-Regional-Bank-MA-Moving-PNC-RF-BBX-STD-USB-SNV-TCBI1216.aspx
    ... After all, banks like PNC, US Bank (NYSE:USB), Spain's Santander (NYSE:STD ... Regions
    and BankAtlantic were always thought to be prime acquisition targets during ...

  • How To Break Up With Your Bank

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    How To Break Up With Your Bank. ... Or you can choose an internet bank, which generally
    requires you to do almost everything online or through the mail. ...

  • I know there is a form of deposit insurance where a portion of my ...

    http://www.investopedia.com/ask/answers/03/091703.asp
    ... I know there is a form of deposit insurance where a portion of my bank account deposits
    is protected. Is there anything like this for my investments? ... Bank ...

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