Definition of "Syndicate" :

noun: an association of companies for some definite purpose

noun: a loose affiliation of gangsters in charge of organized criminal activities

noun: a news agency that sells features or articles or photographs etc. to newspapers for simultaneous publication

verb: sell articles, television programs, or photos to several publications or independent broadcasting stations

verb: organize into or form a syndicate

verb: join together into a syndicate

"The banks syndicated."