Bank Closing (Noun)
Meaning
Act of closing down a bank because of a fiscal emergency or failure.
Classification
Nouns denoting acts or actions.
Examples
- The recent bank closing of Citywide Savings caused a major disruption to local businesses.
- Investors have grown anxious in the wake of a third bank closing within six months in the struggling sector.
- Emergency loans have been granted to counter the effect of today's unexpected bank closing announcement.
- Multiple national organizations warned lawmakers that excessive deregulation contributed significantly to yesterday's disastrous bank closing.
- Employees described 'heart-wrenching chaos' after authorities approved last-minute rescue plan avoiding regional bank closing early today morning.