Definition of "nonbanks" []

• Plural form of nonbank. (noun)

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• "That is because "nonbanks" -- lenders, such as standalone mortgage companies, that don't accept deposits -- also "have to raise funds in order to lend, and the cost at which they raise those funds will depend on their financial condition -- their net worth, their leverage, and their liquidity.""
• "Most of the hedge-fund world is likely to follow it into oblivion, as Washington and other Western governments scurry to save their core banking sector, leaving the "nonbanks" to fend for themselves."
• "(OCC spokesman Robert Garsson counters that states are the ones that oversee "nonbanks" like Argent.)"