banking sector

Lending institutions collectively

The banking sector is the part of an economy made up of banks and related financial institutions.

It encompasses commercial banks, investment banks, credit unions, and the regulatory bodies overseeing them.

Economic reports and policy discussions treat the banking sector as a distinct segment: The banking sector showed resilience during the downturn.

Also called the banking industry.

Opposites
economic sector type

banking sectormanufacturing sector

Production-focused economic segment

industrial sector · farming · heavy industry · mining · construction sector

financial system formality

banking sectorDeFi

Peer-to-peer blockchain banking

barter economy · underground economy · cash economy · peer-to-peer lending · black market

institutional vs. individual finance

banking sectorpersonal savings

Individually accumulated wealth

mattress money · direct investment · microfinance

Family

bank, sector

Familiarity
Top 200,000
Profile
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