A bank is a firm/ a company

Discussion in 'English Only' started by samiraa, Jul 1, 2014.

  1. samiraa

    samiraa Senior Member

    arabe- Algérie
    Hello,
    What would we say when speaking about a bank, that it's a firm or a company

    Thanks
     
  2. Kwistax Senior Member

    Belgique
    français - Belgique
    That's a bank! :D Seriously, most of the time, a bank is referred to as... a bank. If private, I guess you could call it a "company".
     
  3. Beryl from Northallerton Senior Member

    British English
    I think that banks are institutions, or establishments.
     
  4. e2efour

    e2efour Senior Member

    England (aged 76)
    UK English
    I doubt whether firm could be used.
    It would usually be a business organisation or company. If it has plc or ltd (UK terms) after the name (e.g. Lloyds Banking Group plc) then it is definitely a company.
     
    Last edited: Jul 1, 2014
  5. entangledbank

    entangledbank Senior Member

    London
    English - South-East England
    'Firm' is commonly used for any company, but more strictly a firm is a limited partnership, like a firm of solicitors or of accountants, where each partner is a shareholder and it is not publicly owned.
     
  6. PaulQ

    PaulQ Senior Member

    UK
    English - England
    Just to add that Lloyds Banking Group plc is not a bank but the company that directs (or has ownership of) the numerous subsidiary companies of the group, the most well-known of which is probably "Lloyds Bank" which is a bank.
     
    Last edited: Jul 1, 2014
  7. samiraa

    samiraa Senior Member

    arabe- Algérie
    Thank you all, I'll use "company" because it is a public economic bank
     
  8. e2efour

    e2efour Senior Member

    England (aged 76)
    UK English
    A bank, as normally used, is a local office or branch of a company. The term bank does not mean a company per se.
    The Bank of England, for example, may well be a company, but it is not a bank in the ordinary sense of the word.
     

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