Banking syndicate
Definition 1 A group of investment banks which jointly underwrite and distribute a new security Offering, or jointly Lend money to a specific borrower. A Banking syndicate is not a permanent entity, but forms specifically to handle a Deal that might be too difficult or too risky for a Single underwriter or borrower to handle. also called Underwriting group or Purchase group or Banking syndicate or investment Banking syndicate or Distributing syndicate. Definition 2 A group of investors who act together when investing in a company.