A form of MERCHANT BANK, popular in the EUROMARKETS during the 1970s and 1980s, jointly owned by several large international BANKS. Consortium banks were typically active in international LOAN origination and SYNDICATION, FOREIGN EXCHANGE and EUROBOND TRADING, and CORPORATE FINANCE transactions. With individual banks and INVESTMENT BANKS now operating similar businesses on their own, most consortium banks have scaled back their operations or ceased to exist.

More On This Topic

Link to This Definition
Did you find this definition of CONSORTIUM BANK helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary