Bank

Topic

In the past, banks were safe places where you could deposit your money to protect it from any risk. But is that the only service we get from them nowadays?

Banks are financial institutions which deal with several aspects of the economy of countries, individuals and monetary sistems. Not all banks offer the same products and deal with the same type of customers. Comercial banks (sometimes called clearing banks) provide banking services such as accepting deposits, either in current accounts or savings accounts, grating loans, issuing credit cars and managing their customers' accounts. Another service provided by commercial banks is the paymet of fees, salaries and wages directly into the workers' accounts. These banks usually have branches in various locations. Banks make a profit from the differential between the interest rates they pay on deposits and those They charge on, loans. Merchant banks, on the other hand, provide similar services not to individual customers, but to companies or corporate customers. They offer stock trading and portfolio management services, and issue and underwrite securities. Mergers, takeovers and acquisitions are handled by this type of banks which also provide financial advice.