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What is the definitions of banking?

Craig Stewart

in Student Loans

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Dana Keller on July 21, 2018

A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets . A bank connects customers with capital shortfall to customers with capital surplus. The banking sector in general is a highly regulated industry, and government restrictions on financial activities by banks have varied over time and location. The current set of global bank capital standards are called Basel II . In some countries, such as Germany , banks have historically owned major stakes in industrial corporations while in other countries such as the united States, banks are prohibited from owning non-financial companies. In Japan , banks are usually the nexus of cross share holding entity known as the keiretsu . The oldest bank still in existence is the Monte dei Paschi di Siena , headquartered in Siena , Italy , which has been operating continuously since 1472 .


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