# Swindle bank (wild cat bank)

- Canonical URL: https://www.gerhardmerk.de/swindle-bank-wild-cat-bank-2
- Post ID: 588523
- Modified: 2023-07-25T21:12:42+00:00
- Language: en

## Definition

Older term for a credit institution founded from the outset with the intention of collecting deposits from customers, which are then misappropriated by the bank's founders. Thanks to the obligation to obtain a bank license and the supervision by the supervisory authorities, such institutions are nowadays probably only found in offshore financial centers. - Popularly also referred to an institution operating unfairly to the detriment of its customers (an institute operating outside the banking norms of standard and ethical business procedures). - See agiotage, cold calling, daimonion, enabler, financial vulture, secret tip, money grubber, foundation swindle, international business company, Internet forums, capital market, gray, misochrematie, avenging angel, shadow banking, underground banking. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1