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Fbar

Fbar  n.— «Under the plan, according to the person briefed on the issue, the I.R.S. will cut an onerous penalty for not filing a Report of Foreign Bank and Financial Account, known as an Fbar—something offshore tax evaders have not done...

Texas ratio

Texas ratio  n.— «In banking, distress can be gauged by comparing the amounts of delinquent loans and other nonperforming assets on the books against capital and loan-loss reserves—a measure known in the industry as a “Texas ratio.” A...

ticktock

ticktock  n.— «As to whether he backed Mr. Geithner’s decision to introduce the bank bailout plan before arriving at specifics, Mr. Summers, well schooled in Washington’s ways, invoked newspaper slang for behind-the-scenes...

bad bank

bad bank  n.—Gloss: A government-run bank that intentionally takes on the bad debts and deals of another bank that is in financial jeopardy. «Emanuel Cleaver, a Democrat from Missouri, condemns the term “bad bank.” He says the term does...

narrow bank

narrow bank  n.—Gloss: A bank that handles only basic banking and does not get involved in complex investment programs. «Jon Molton made the point in arguing for “narrow banks”—institutions that just do basic banking...

warehousing

warehousing  n.— «Keeping loans off the books of Anglo every year for eight years meant that the €87 million in loans did not emerge in the snapshot of the bank that the independent auditors, Ernst Young, take every year for the purposes...

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