Benefit in Split to newly formed banks (8)
I believe the answer is:
dividend
'benefit' is the definition.
The definition and answer can be both related to property as well as being singular nouns.
Perhaps there's an association between them I don't understand?
'split to newly formed banks' is the wordplay.
'split' becomes 'divide' (synonyms).
'to newly formed banks' becomes 'nd' (I can't justify this - if you can you should believe this answer much more).
'divide'+'nd'='DIVIDEND'
'in' acts as a link.
Can you help me to learn more?
(Other definitions for dividend that I've seen before include "Number to be divided, or share of profits" , "Football pools winnings" , "Benefit from investment" , "Pay-out for shareholders" , "Bonus share of a surplus" .)