banking industry
Where deposits live
The banking industry comprises financial institutions that accept deposits, make loans, and provide related services.
It includes commercial banks, investment banks, credit unions, and other entities that manage money flows.
The term often appears in discussions of regulation, economic policy, and employment: She's spent her entire career in the banking industry.
Distinguished from broader financial services by its focus on traditional deposit and lending activities.
- business loansCredit extended to enterprises
- depositsMaterial settled or stored
- direct depositFunds sent to account automatically
- checking accountsAccessible bank funds
- debit cardsDirect-withdrawal payment method
credit cards · loans · stress testing · capital requirements · investment portfolios · mutual funds · cash · mortgages · predatory lending · too big to fail · savings accounts · branch manager · FDIC · wealth management · regulatory agencies · consumer protection laws · financial audits · money laundering
- Delaware HistoryDover, Wilmington, New Castle, Delaware River, Delaware Bay
banking industrybarter system
Cashless exchange method
credit unions · mutual aid societies · underground banking · cash economy · subsistence economy
banking industryagriculture
Cultivation of land, livestock
manufacturing · farming · construction industry · fishing industry · mining industry