In the U.S., the term commercial bank is used for a normal bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from corporations or large businesses, as opposed to individual members of the public (retail banking).
Tiwari, Rajnish and Buse, Stephan (2006): , Hamburg University of Technology (TU Hamburg-Harburg)
Brunner, A., Decressin, J. / Hardy, D. / Kudela, B. (2004): Germanys Three-Pillar Banking System – Cross-Country Perspectives in Europe, Occasional Paper, International Monetary Fund, Washington DC 2004.
January 06, 2024
retail, banking, this, article, includes, list, references, related, reading, external, links, sources, remain, unclear, because, lacks, inline, citations, please, help, improve, this, article, introducing, more, precise, citations, july, 2023, learn, when, re. This article includes a list of references related reading or external links but its sources remain unclear because it lacks inline citations Please help to improve this article by introducing more precise citations July 2023 Learn how and when to remove this template message Retail banking also known as consumer banking or personal banking is the provision of services by a bank to the general public rather than to companies corporations or other banks which are often described as wholesale banking Banking services which are regarded as retail include provision of savings and transactional accounts mortgages personal loans debit cards and credit cards Retail banking is also distinguished from investment banking or commercial banking It may also refer to a division or department of a bank which deals with individual customers In the U S the term commercial bank is used for a normal bank to distinguish it from an investment bank After the Great Depression the Glass Steagall Act restricted normal banks to banking activities and investment banks to capital market activities That distinction was repealed in the 1990s Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from corporations or large businesses as opposed to individual members of the public retail banking Contents 1 Products 2 Sub types of retail banks 3 See also 4 ReferencesProducts edit nbsp A retail bank in Leeds United Kingdom Typical banking services offered by retail banks include Transactional accounts Checking accounts American English Current accounts British English Savings accounts Debit cards ATM cards Credit cards Traveler s cheques Mortgages Home equity loans Personal loans Certificates of deposit Term depositsIn some countries such as the U S retail bank services also include more specialised accounts such as Sweep accounts Money market accounts Individual Retirement Accounts IRA s Sub types of retail banks editCommunity development bank are regulated banks that provide financial services and credit to underserved markets or populations Private banks manage the assets of high net worth individuals Offshore banks are banks located in jurisdictions with low taxation and regulation Many offshore banks are essentially private banks Savings banks accept savings deposits Postal savings banks are savings banks associated with national postal systems See also edit nbsp Banks portalBanking institutionReferences editTiwari Rajnish and Buse Stephan 2006 The German Banking Sector Competition Consolidation and Contentment Hamburg University of Technology TU Hamburg Harburg Brunner A Decressin J Hardy D Kudela B 2004 Germanys Three Pillar Banking System Cross Country Perspectives in Europe Occasional Paper International Monetary Fund Washington DC 2004 Retrieved from https en wikipedia org w index php title Retail banking amp oldid 1166565162, wikipedia, wiki, book, books, library,
