Banking


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Related to Banking: Investment banking, Banking Regulations

Banking

The network of institutions and laws that provide a great variety of financial services. At its most basic, banking involves an institution holding money on behalf of customers that is payable to the customer on demand, either by appearing at the bank for a withdrawal or by writing a check to a third party. The banking system also provides loans to businesses and individuals. Many banks also perform other services for a fee; for instance, they offer certified checks to customers guaranteeing payment to third parties. In some countries, they may provide investment and insurance services. With the exception of Islamic banks, banking almost always involves the payment of interest on deposits and reception of interest on loans. Banking is regulated by the laws and central banks of individual countries.
References in periodicals archive ?
Certain factors indicate that the proposal is not likely to have a significantly adverse competitive effect in the Polk County banking market.
There's a surprising amount of inertia when it comes to banking," says Rhoades.
It primarily covers analysis of the present status, current trends, major issues & challenges in the growth of the retail banking sector.
But it is clear that the government is going to support the banks and the banking sector in any way it can.
and Honduran-owned businesses of business opportunities existing in Honduras, and receive applications for extensions of credit and other banking services on behalf of Bank.
House Banking Committee Chairman James Leach is somewhat more emphatic: "Mixing commerce and banking simply doesn't fit our kind of democracy," Leach told fellow committee members last March.
Citibank offers a program called "Personal Banking for the Overseas Executive.
China's city commercial banking industry will face fierce competition with the completion of the transition period of China's entry into WTO; meanwhile, the gradual opening of the market to foreign banks will stimulate more competition.
Cyril doesn't trust electronic banking with his hard-earned money and often drives to the store where he bought an item to pay the bill in person and walk out with a receipt.
The Bank Merger Act prohibits the Board from approving an application if the proposal would result in a monopoly or would be in furtherance of any attempt to monopolize the business of banking in any relevant banking market.
Community banking has become one of this nation's strongest assets by playing to its greatest strength--the personal touch.
Banking deregulation, for example, did cause banks to rethink, retarget, and reprice products.