toxic bank

noun

1. another name for bad bank

Example Sentences

Then he made a disastrous bet on a toxic bank and in 2011 he lost control of his companies.

From The Guardian

Despite the pair's denials, the taped conversations at a critical time in the toxic bank's history will increase the pressure for a full parliamentary inquiry into the bank rescue deal which cost the taxpayer a further €30bn after two other debt-ridden banks, the Bank of Ireland and Allied Irish Bank had to be saved from collapse.

From The Guardian

He believes, and is probably right, that the only way to reduce the colossal burden of toxic bank debts was to dance a pleasing jig for Berlin.

From The Guardian

Other high-profile Irish business people filing for bankruptcy in Britain include David Drumm, a former chief executive of Ireland's "toxic bank", Anglo Irish, and the property developer John Fleming, who was declared bankrupt by Southend crown court with debts of €1bn.

From The Guardian

A public-private partnership, somewhat along the lines of a program the Treasury tried to use to soak up toxic bank assets during the financial crisis, would allow the government to gain from the sales.

From Reuters