Crossword Genius

Noted bank trousering a million (5)

Ross

I believe the answer is:

famed

'noted' is the definition.
(synonyms)

'bank trousering a million' is the wordplay.
'bank' becomes 'Fed' (nickname for the US Federal Reserve).
'trousering' indicates putting letters inside (trouser can mean to steal).
'million' becomes 'm' (abbreviation).
'a'+'m'='am'
'fed' enclosing 'am' is 'FAMED'.

(Other definitions for famed that I've seen before include "Eminent" , "Acclaimed" , "Renowned" , "Well-known" , "Noted" .)

I've seen this clue in The Times.
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