When banks have to make large loans, they form a group of banks for the purpose of making the loan. The group is called a:

Question

Quizplus · Accepted Answer

When banks form a group for the purpose of making a large loan, it is called a syndicate. A bank holding company is a company that owns or controls one or more banks. A golden umbrella and a conglomerate are not related to the concept of banks forming groups to make large loans.

When Banks Have to Make Large Loans, They Form a Group