Meaning & use

financial supermarkets

noun·Advanced

Last updated

UK/faɪˈnænʃəl ˈsuːpəmɑːkɪts/
US/faɪˈnænʃəl ˈsuːpərmɑːrkɪts/

Meaning

  1. nounplural

    Large financial institutions that provide a wide range of services, such as banking, insurance, and investment, all under one roof.

    Grammar: Always plural; the singular form 'financial supermarket' is rare but possible when referring to one such institution.

    Patterns

    • financial supermarkets offer something
    • a financial supermarket
    • the rise of financial supermarkets

    Many people worry that financial supermarkets have become too powerful.

    The bank transformed itself into one of the world's largest financial supermarkets.

    Regulators are concerned about the risks posed by financial supermarkets.

Common combinations

global financial supermarkets
Global financial supermarkets operate in dozens of countries.
the rise of financial supermarkets
The rise of financial supermarkets changed the banking industry.
traditional financial supermarkets
Traditional financial supermarkets are facing competition from online banks.
to create financial supermarkets
The merger was intended to create financial supermarkets that could serve all customer needs.

Synonyms and how they differ

universal banks
A more technical term for banks that offer both commercial and investment services; 'financial supermarkets' is broader and can include insurance and other services.
financial conglomerates
Emphasizes the large, multi-company structure; 'financial supermarkets' focuses on the one-stop-shop convenience for customers.

Word family

financial supermarket noun
Singular form; refers to one such institution.

Practice

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