hive off :

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hive off


  • v  remove from a group and make separate
  • v  withdraw (money) and move into a different location, often secretly and with dishonest intentions
News & Articles

  • Co-op to hive off toxic loans into 'bad bank'
    LONDON (Reuters) - Britain's Co-operative Group is splitting its bank into a 'good bank' and 'bad bank' and will hive off toxic loans worth about 14.5 billion pounds ($22.73 billion) to be wound down or sold off, the company said on Monday. The Co-op also said there is leeway for additional capital provisioning within its rescue plan, which the company is undertaking to plug a 1.5 billion pound ...
    June 17, 2013 - Reuters via Yahoo! News

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