Banks made these cuts, losing cash ultimately (5)

I believe the answer is:

saves

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'banks' is the definition.
The definition and answer can be both to do with ownership as well as being verbs in their -s form.
Perhaps you can see a link between them that I can't see?

I don't understand the remainder of the clue.

Can you help me to learn more?

(Other definitions for saves that I've seen before include "Rescues" , "Preserves" , "Redeems or hoards" .)

I've seen this clue in The Independent.

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