What is another word for multibank holding company?
Pronunciation: [mˈʌltɪbˌaŋk hˈə͡ʊldɪŋ kˈʌmpəni] (IPA) 
A multibank holding company refers to a financial institution that controls multiple subsidiary banks. This type of banking organization allows for greater diversification and risk management within the financial industry. Synonyms for a multibank holding company include a diversified financial institution, a conglomerate bank, a financial services conglomerate, and a banking conglomerate. These terms all refer to financial organizations that specialize in providing a range of financial services across various banking sectors. Multibank holding companies typically offer a range of services such as investment banking, commercial banking, and insurance services. Their business model allows them to leverage economies of scale and provide more comprehensive financial solutions to their clients.
