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BankAn institution which:takes deposits from individuals, companies, organisations etc. and provides them with various financial servicespays interest on deposits, which may be fixed or variable, but which usually vary according to the amount of money deposited and the amount of time it stays in the accountmakes loans and charges interest on themBanks operating in the UK, formerly regulated by the Bank of England, are now authorised and supervised by the Financial Services Authority. In the USA, banks are regulated under the Federal Reserve System.Similar MatchesBankruptcy viewBankruptcy viewThe argument that expected bankruptcy costs preclude firms from financing entirely with debt. Merchant bankMerchant bankA British term for a bank that specializes not in lending out its own funds, but in providing various financial services such as accepting bills arising out of trade, underwriting new issues, and providing advice on acquisitions, mergers, foreign exchange, portfolio management, etc. Trustee In BankruptcyTrustee In BankruptcyOne appointed by a bankruptcy court, and in whom the property of the bankrupt vests. The trustee holds the property in trust, not for the bankrupt, but for the creditors. Central bankCentral bankThe institution in a country (or a currency area) that is normally (but see currency board) responsible for managing to supply of the country's money and the value of its currency on the foreign exchange market. Permissiable nonbank activitiesPermissiable nonbank activitiesFinancial activities closely related to banking that may be engaged in by bank holding companies (BHCs), either directly or through nonbank subsidiaries. For example, a BHC might own finance companies or engage in mortgage banking. The Federal Reserve Board determines which activities are closely related to banking. Before making such activities permissible, the Board must determine that performance of the activities by bank holding companies is in the public interest. Further SuggestionsCorrespondent bankEurobank Eligible bankers acceptances Opening Bank Bank run (bank panic) Internet banking Bank regulation Dual banking Agency bank Bank discount basis clearing house interbank payment system Bank note Clearing House Interbank Payments System (CHIPS) Federal Home Loan Banks Bankrupt London interbank offered rate Bank Insurance Fund (BIF) London Interbank Offered Rate (LIBOR) Banking Delay National Savings Bank Development bank Bankers Automated Clearing Services Mutual Savings Bank Foreign banking market bank line |
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