Meaning of zombie bank | Babel Free
Definitions
A bank that is insolvent but is sustained by government intervention.
derogatory
Examples
“But governments and central banks vouched for the zombie banks, which were able to keep borrowing dollars from banks in other countries.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.