COMPETITIONS WITH IN BANKING INDUSTRIES

Challenges within the banking industry United States The United States banking industry is one of the most heavily regulated in the world,[20] with multiple specialized and focused regulators. All banks with FDIC-insured deposits have the Federal Deposit Insurance Corporation (FDIC) as a regulator. However, for soundness examinations (i.e., whether a bank is operating in a sound manner), the Federal Reserve is the primary federal regulator for...

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TYPES OF BANKING : Retail Banking, Investment Banking, Business Banking, Private Banking, Corporate banking...

Types of banks Banks' activities can be divided into: retail banking, dealing directly with individuals and small businesses; business banking, providing services to mid-market business; corporate banking, directed at large business entities; private banking, providing wealth management services to high net worth individuals and families; investment banking, relating to activities on the financial markets. Most banks are profit-making, private...

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BANKING ECONOMIC FUNCTIONS AND FACING CRISIS : Minimum capital, Issue of money etc

Economic functions The economic functions of banks include: Issue of money, in the form of banknotes and current accounts subject to check or payment at the customer's order. These claims on banks can act as money because they are negotiable or repayable on demand, and hence valued at par. They are effectively transferable by mere delivery, in the case of banknotes, or by drawing a check that the payee may bank or cash. Netting and settlement...

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BANKING STANDARD ACTIVITIES : COMMODITIES , ATM CARDS , CALL CENTERS...

Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customers' current accounts. Banks also enable customer payments via other payment methods such as Automated Clearing House (ACH), Wire transfers or telegraphic transfer, EFTPOS, and automated teller machine (ATM). Banks provide different payment services, and a bank account is...

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BANKING

BANKING MEANS Banking in its modern sense evolved in the 14th century in the rich cities of Renaissance Italy but in many ways was a continuation of ideas and concepts of credit and lending that had its roots in the ancient world. In the history of banking, a number of banking dynasties—notably the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds—have played a central role over many centuries. The oldest existing retail...

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