Meaning of casino banking in English:

casino banking

noun

mass noun informal, derogatory
  • The practice whereby a commercial bank engages in unduly speculative or risky financial activities with the aim of achieving high profits.

    • ‘the banking needed by the economy could be closely regulated and casino banking could be left to its separate, freewheeling devices’
    • ‘Could it be that manufacturing might provide unspectacular returns by comparison with casino banking?’
    • ‘Forcibly break up banks into retail and investment banking divisions to separate savers from "casino banking".’
    • ‘Events in America last week showed how the contagion in so-called investment banking - I prefer casino banking - is murdering honest-to-God commercial banking.’
    • ‘Record bonuses averaging 340,000 per employee demonstrated that casino banking is back.’
    • ‘The next step, which will also score a much-needed goal for our government, is to help ordinary people get a decent, trusted bank that will abandon casino banking.’
    • ‘As US Secretary of the Treasury, he worked successfully for the repeal of the Glass-Steagall Act, which since the Great Crash of 1929 had kept deposit banking separate from casino banking.’
    • ‘The banking needed by the economy—so-called narrow banking—could be closely regulated and casino banking could be left to its separate, freewheeling devices.’