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Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.
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UK savings institution that specialises in mortgage loans for the purchase of homes. Building societies used to always be owned by their members, but many have abandoned this mutual status to become banks. The US variant is called a savings and loan association.
Interest-earning money market deposits repayable at very short notice (either on demand, or overnight, or within 24 hours at the most)....
The Markets in Financial Instruments Directive (Mifid), launched in November 2007, is the European initiative to promote competition an...
Dubbed “Operation Broom” in the Treasury, it is an attempt to clean up bank balance sheets by identifying and insuring risky assets, th...
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