bank

(redirected from International banking)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to International banking: HSBC, International Banking Act of 1978

Bank

An institution that provides a great variety of financial services. At their most basic, banks hold money on behalf of customers, which 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. Banks use the money they hold to finance loans, which they make to businesses and individuals to pay for operations, mortgages, education expenses, and any number of other things. 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, they pay interest on deposits and receive interest on their loans. Banks are regulated by the laws and central banks of their home countries; normally they must receive a charter to engage in business. Banks are usually organized as corporations.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

bank

a deposit-taking institution which is licensed by the monetary authorities of a country (the BANK OF ENGLAND in the UK) to act as a repository for money deposited by persons, companies and institutions, and which undertakes to repay such deposits either immediately on demand or subject to due notice being given. Banks perform various services for their customers (money transmission, investment advice, etc.) and lend out money deposited with them in the form of loans and overdrafts or use their funds to purchase financial securities, in order to operate at a profit. There are many types of banks, including COMMERCIAL BANKS, MERCHANT BANKS, SAVINGS BANKS and INVESTMENT BANKS. See BANKING SYSTEM, BANK OF ENGLAND, CENTRAL BANK.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

bank

a deposit-taking institution that is licensed by the monetary authorities of a country (the BANK OF ENGLAND in the UK) to act as a repository for money deposited by persons, companies and institutions, and which undertakes to repay such deposits either immediately on demand (CURRENT ACCOUNT 2) or subject to due notice being given (DEPOSIT ACCOUNTS). Banks perform various services for their customers (money transmission, investment advice, etc.) and lend out money deposited with them in the form of loans and overdrafts or use their funds to purchase financial securities in order to operate at a profit. There are many types of banks, including COMMERCIAL BANKS, MERCHANT BANKS, SAVINGS BANKS and INVESTMENT BANKS. In recent years many BUILDING SOCIETIES have also established a limited range of banking facilities. See BANKING SYSTEM, CENTRAL BANK, FINANCIAL SYSTEM.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

bank

An institution empowered by law to receive deposits, cash checks or drafts, discount commercial paper,make loans,and issue promissory notes payable to the bearer,known as bank notes. American commercial banks fall into two categories:(1) federally chartered and (2) state chartered. Federally chartered banks come under the regulatory and auditing supervision of the United States Comptroller of the Currency.State-chartered banks come under the control of the appropriate state banking authority.Typically the FDIC will audit state-chartered banks and the comptroller's office will audit federally chartered banks.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Finally, there is an influence of technology--fintech--on international banking. It's likely to reshape competition in global finance as it will increase the speed and reduce the cost of global payments and transfers, financial inclusion, and cross-border banking.
Previously, he was vice president of international banking for PNC Financial Services (NYSE: PNC) and its predecessor, National City Bank.
QNB's corporate banking division contributed 69% to the bank's total profits, followed by international banking (19%), asset and wealth management (5%) and consumer banking (1%).
As the fastest growing bank in the UAE, the bank's phenomenal growth over the past four years has been truly impressive and I look forward to expanding our wholesale and international banking business by extending our array of products and services to new clients and in new markets."
Kitson also gained a wealth of international banking experience at HSBC where his roles included head of European Credit Risk in London from 2003 to 2006 and head of Commercial Banking based in Lebanon from 2001 to 2003.
We are confident with Howard's wealth of experience in wholesale and international banking, he will develop the scope of business further and steer the business into even greater success - making us the bank of choice in the corporate banking space."
The unique services aim to further enhance customers' banking experience, adding simplicity, convenience and efficiency for cross border transactions for an ever-growing international banking customer base.
Nigeria-based Access Bank is seeking an international banking license.
NatWest, through its international banking services team, based in its new International Banking Centre in Leicester, put in place a trade funding facility to support the contract and ensure smooth delivery of the plant without putting undue pressure on their existing working capital facilities.
Misback was promoted to associate general counsel, International Banking Regulation, Trade, and Policy.

Financial browser ?
Full browser ?