nonbank

noun

non·bank ˌnän-ˈbaŋk

often attributive

: a business that is not an officially established bank but offers many similar services

Examples of nonbank in a Sentence

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The highest-ranking traditional bank, Bank of America, came in at No. 3, sandwiched between two nonbank lenders, online giant Rocket Mortgage and Fairway Independent Mortgage Corporation. —

Kelsey Neubauer, CNBC, 26 Nov. 2024 For one thing, financiers are increasingly performing riskier activities through nonbank financial institutions, such as insurance companies and private equity firms, which face less scrutiny. —

Gillian Tett, Foreign Affairs, 11 June 2019 So at the same time as investors have been seeking investments outside the public markets, there has been a resounding demand for private credit from nonbank institutions. —

Christian Faes, Forbes, 5 Nov. 2024 Big Deal Debt from nonbank lenders is less likely to appear on the books of private companies seeking bankruptcy protection in U.S. courts this year, according to an S&P Global Market Intelligence report. —

Sheryl Estrada, Fortune, 7 Oct. 2024 See all Example Sentences for nonbank