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Jspark1982 Posted 12 years ago
Business & Finance
What does "shipping arm" mean?
What does "shipping arm" mean in the sentence below?
I guess 'arm' here means a division or department in the organization.
In a sign that the bank’s shipping arm is still struggling, however, Commerzbank warned that while overall loan loss provisions were expected to be lower in 2014 than last year’s €1.75bn total, provisions for its shipping arm were likely to stay the same.
I guess 'arm' here means a division or department in the organization.
In a sign that the bank’s shipping arm is still struggling, however, Commerzbank warned that while overall loan loss provisions were expected to be lower in 2014 than last year’s €1.75bn total, provisions for its shipping arm were likely to stay the same.
Top answer
jspark1982 I guess 'arm' here means a division or department in the organization. Probably 'subsidiary'.
- jspark1982 I guess 'arm' here means a division or department in the organization.
- Probably 'subsidiary'.
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2 Answers
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jspark1982I guess 'arm' here means a division or department in the organization.Probably 'subsidiary'.
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