Meaning of “universal bank” in the English Dictionary

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"universal bank" in Business English

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universal banknoun [ C ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)