Banking


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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 ?
Increasingly, [online banking and e-commerce] are occurring during working hours and in the office where many people have daytime access to the Net.
The DOJ has reviewed the proposal and advised the Board that consummation of the proposal is not likely to have a significantly adverse competitive effect in the Batesville banking market.
As the economy waxes and wanes, predictions about the fate of community banking have their own ups and downs.
Caskey, who coined the term "fringe banks," notes that upscale private banking, personalized financial advice and execution for the wealthy, boomed in the 1980s along with check cashers.
For that matter, federal banking regulations forbid any tie-ins between the granting of credit and the purchase of related services.
YOU CAN HELP YOUR SMALL BUSINESS clients find a rewarding banking relationship in a number of ways.
Largely because of squabbling between the banking and insurance industries -- both of which have a considerable stake in the fine print of a deregulation bill -- the Commerce Committee failed to reconcile its version of H.
Even in the high flying world of private banking, standards can differ considerably.
Banco del Estado de Chile ("Bank"), Santiago, Chile, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 7(d) of the IBA (12 U.
The material adverse change clause turned out to be the most difficult negotiation in our banking relationships.
What are the regulatory factors involved in Indian banking industry?
The National Banking and Securities Commission ("CNBV"), a branch of the Ministry of Finance and Public Credit, is the primary regulatory and supervisory authority for Mexican banks, including commercial and development banks, and, as such, is the home country supervisor of Bank.