Meaning of debank | Babel Free

Definitions

1. To deprive a person or organization of banking services, especially for political reasons.
   transitive
2. To cease or cause to stop operating as a bank.
   ambitransitive

Examples

“Ms Juric said as well as debanking her business, banks had also debanked her personal accounts and the accounts of people she was related to or lived with.”

“Both of our organizations have had recent run-ins with debanking. The National Committee for Religious Freedom (NCRF)—a nonprofit advocacy group that exists to defend the right of everyone in America to live out their faith freely—opened a JPMorgan Chase checking account last April. A few weeks later, the bank shut down the account without explanation.”

“However, recent regulatory announcements – including directives from the U.S. Federal Reserve and executive branch designed to debank crypto firms, a pending lawsuit against the largest and most trustworthy U.S. exchange, Coinbase, and increasingly hostile rhetoric from Congress – are far from appropriate.”

“It might come as some small comfort to Nigel Farage to discover that it’s not just those on his side of the Brexit debate who have fallen victim to potential ‘debanking’.”

“Oil Company of Texas [was] a company with which the Board had been feuding for two years over its efforts to “debank” its subsidiary bank by purporting to abandon demand deposit-taking.”

“After some years in which ING Group received dispensation from the US government it will now start to ‘debank’ (giving back its banking licence) its business in the US.”

“As part of the transaction, [Bayerische Vereinsbank] planned to “debank,” that is end its backing operations in the U.S. […] It appeared, however, that various aspects of debanking would take a substantial period of time, for example liquidating its positions on letters of credit or guarantees issued on industrial revenue bonds.”

CEFR level