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English definition of “universal bank”

universal bank

noun [C]     BANKING
a bank that offers a full range of current accounts, savings accounts, etc., as well as investment advice and products: The government is ready to make concessions to high street lenders to secure their backing for a universal bank which will operate throughout the Post Office's 18,000 branches.
(Definition of universal bank noun from the Cambridge Business English Dictionary © Cambridge University Press)
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