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.
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