My Bank Sites . com |
Home | Types of banks | Bank List | Links
Central Banks | USA Banks The largest bank list on the web! |
|
Would you like to create an account? Or just find a bank location, a bank address? Here you can find a large collection of bank sites, an enormous banks list! |
|
Types of retail banksCommercial bank: the term used for a normal bank to distinguish it from an investment bank. After the Great Depression, the U.S. Congress required that banks only engage in banking activities, whereas investment banks were limited to capital market activities. Since the two no longer have to be under separate ownership, some use the term "commercial bank" to refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses.Community Banks: locally operated financial institutions empowering employees to make decisions to serve their customers Community development banks: regulated banks providing financial services and credit to under-served markets or community. Postal savings banks: associated with national postal systems. Private banks: they can manage the assets of high net worth individuals at a very professional level. Offshore banks: banks located in jurisdictions where the taxes and the regulations are very low. Many of them are essentially private banks. Savings bank: they provide easily accessible savings products to the whole population. Savings banks were created on public initiative while in others socially committed individuals created foundations in order to put in place the necessary infrastructure. Nowadays, European savings banks have kept their focus on retail banking: payments, savings products, credits and insurances for individuals or small and medium-sized enterprises. Apart from this retail focus, they also differ from commercial banks by their broadly decentralised distribution network, providing local and regional outreach and by their socially responsible approach to business and society. Building societies and Landesbanks: conduct retail banking. Ethical banks: prioritizing the transparency of all operations and making only what they consider to be socially responsible investments. Islamic banks: they transact according to Islamic principles. Types of investment banksInvestment banks guarantee the sale of stock and bond issues, trade for their own accounts. These type of banks can advise corporations on capital markets activities such as mergers and acquisitions.Merchant banks were engaged in trade financing. The modern definition refers to banks providing capital to firms in the form of shares rather than loans. Unlike venture capital firms, they tend not investing in new companies. Both combinedUniversal banks, which are known as a financial services company, engage in several of these banking activities. In Europe and Asia, big banks are very diversified groups that, among other services, also distribute insurance, hence the term bancassurance is the term used to describe the sale of insurance products in a bank. The word is a combination of "banque or bank" and "assurance" signifying that both banking and insurance are provided by the same legal entity.Other types of banksIslamic bankingIslamic banks adhere to the concepts of the Islamic law. Islamic banking revolves around several well established concepts based on Islamic canons. Since the concept of interest is forbidden in Islam, all banking activities must avoid all kind of interest. Instead of interest, the bank earns profit and fees on financing facilities that it extends to the customers.Source:http://en.wikipedia.org/wiki/Bank |
|