banking. A system of trading in money which involved safeguarding deposits and making funds available for borrowers, banking developed in the Middle Ages in response to the growing need for credit in commerce. The lending functions of banks were undertaken in England by money-lenders. Until their expulsion by Edward I in 1291, the most important money-lenders were Jews, since they were not bound by canon law which forbade usury. They were replaced by Italian merchants who had papal dispensations to lend money at interest. In the 13th cent. credit was essential to finance commerce and major projects. The most important was the wool trade but other examples included large buildings such as Edward's castles in north Wales. When Italians had their activities in England curtailed in the early 14th cent., they were replaced by English merchants and goldsmiths, whose rates of interest were
Tuesday, September 8, 2009
banking
banking Commercial process providing a wide range of financial services, such as holding and transferring money, providing loans, and giving stability to the financial sector of the economy. There are a variety of sectors in the banking industry. Clearing banks in the UK and commercial banks in the USA deal with the public, as well as with small and medium-sized businesses and corporations; merchant banks or investment banks provide services to business and industry, such as investment loans or share flotations. In many countries there are other providers of banking services, such as insurance companies and credit card firms, as well as building societies in the UK and savings and loan associations in the USA. A country's central bank, sometimes under government control, is the bankers' bank and can be used to regulate an economy.
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banking Commercial process providing a wide range of financial services, such as holding and transferring money, providing loans, and giving stability to the financial sector of the economy. There are a variety of sectors in the banking industry. Clearing banks in the UK and commercial banks in the USA deal with the public, as well as with small and medium-sized businesses and corporations; merchant banks or investment banks provide services to business and industry, such as investment loans or share flotations. In many countries there are other providers of banking services, such as insurance companies and credit card firms, as well as building societies in the UK and savings and loan associations in the USA. A country's central bank, sometimes under government control, is the bankers' bank and can be used to regulate an economy.
banking
Types of Banks
Banks have traditionally been distinguished according to their primary functions. Commercial banks, which include national- and state-chartered banks, trust companies, stock savings banks, and industrial banks, have traditionally rendered a wide range of services in addition to their primary functions of making loans and investments and handling demand as well as savings and other time deposits. Mutual savings banks , until recently, accepted only savings and other time deposits, and offered limited types of loans and services. The fact that commercial banks were able to expand or contract...
Banking markets and the use of financial services by households. (Survey by Board of Governors of the Federal Reserve System)
Newspaper article from: Federal Reserve Bulletin; 3/1/1992; Elliehausen, Gregory E. Wolken, John D.; 700+ words ...likely to reduce the competitiveness of banking services. And whether competition would...geographic area that constitute the "banking market." The current definition assumes...institutions offering the full range of banking products. Therefore, only local commercial...
Online Banking - One of the Fastest Growing Internet Sectors.
Banking on deregulation.
Magazine article from: National Review; 10/23/1987; McLaughlin, John J.; 700+ words BANKING ON DEREGULATION FINANCIAL FORECASTERS are...securities underwriting as well as traditional banking activities. The reason we don't have...was blamed in part on the entanglement of banking with the stock market. A federal law passed...
Narrow banking meets the Diamond-Dybvig model. (bank reserves)
Magazine article from: Federal Reserve Bank of Minneapolis Quarterly Review; 1/1/1996; Wallace, Neil; 700+ words ...current version of the 100 percent-reserve banking proposal, called the narrow banking proposal, begins with an observation: The magnitude of safe short-term assets outside the banking system exceeds the magnitude of banks' demand...
AT&T Launches Mobile Banking Nationwide.(Company overview)
Business Wire; 11/13/2007; 700+ words ...s Wireless Leader to Pre-Load Mobile Banking Solution on Select Handsets and Make It...comprehensive, easy-to-use mobile banking platform that will enable consumers to...Banks Inc. (NYSE:STI) and mobile banking and payment enabler Firethorn Holdings...
Mobile Banking Software supports rapid deployment.(New Mobile Money FastTrack(TM) from Fiserv Speeds Delivery of Mobile Banking Services)
Magazine article from: Product News Network; 6/10/2009; 700+ words ...Money FastTrack(TM) delivers mobile banking features within solution that can be enhanced...downloaded application. Software combines banking and payments capabilities, with functions...institutions to rapidly meet today's mobile banking requirements while providing a platform...
BANKING SUCCESS SPOTLIGHT SHINES ON SUPERMARKETS; International Banking Technologies (IBT) Hosts Sixth Annual Symposium for In-Store Bankers.
Business Wire; 4/25/1995; 700+ words ...and the right people executing a supermarket banking program. Some 200 non-traditional bankers...in Atlanta to share with their supermarket banking brethren why they believe, "in-store banking is where you want to be." Atlanta-based..
Banking consolidation.
Newspaper article from: FRBSF Economic Letter; 6/18/2004; Simon, Kwan; 700+ words ...Citigroup was the only $1 trillion banking organization in the U.S. Now, there...process for building a truly national banking franchise. As mergers continue to shape the structure of the banking industry in the U.S., this Economic...
Keynote Announces Banking Industry's Leading Web Transaction Index.
Business Wire; 5/5/2003; 700+ words ...2003 Improves Transaction Experience of Online Banking Customers; New Benchmark Leverages Keynote...with the introduction today of The Keynote e-Banking Transaction Index, the banking industry's most accurate Web transaction performance
Eontec Accelerates Customer Banking Services for WebSphere Customers.
Business Wire; 9/15/2003; 700+ words ...Eontec combines its multi-channel banking services with WebSphere(R) Portal and...global provider of multi-channel customer banking solutions to major financial institutions...that it has combined its multi-channel banking services with IBM's WebSphere
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