Bank

From The Jolly Contrarian
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The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™


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A big, bad, proletariat-munching behemoth without which the industrial revolution could not have happened and which is therefore an operating cause of your iPhone, you horrid little anti-capitalist ingrate.

Known more politely — but tediously — in the EU as a credit institution under European law, to which the United Kingdom may not be subject for much longer, which basically boils down to being a “bank domiciled in the EU” (which UK banks may not be for much longer).

Banks can come in all shapes and sizes, every one of which is calculated to make wide-eyed, revolutionary, sociology students cross.

The best kind is an investment bank, obviously.

See also