Bank: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
m (Link with Islamic banking page.)
imported>Doug Williamson
(Add link.)
Line 37: Line 37:
* [[NBFI]]
* [[NBFI]]
* [[Private equity house]]
* [[Private equity house]]
* [[Proprietary trading]]
* [[Ring fence]]
* [[Ring fence]]
* [[Run]]
* [[Run]]

Revision as of 07:17, 11 May 2020

1.

A regulated institution offering certain financial services.

In the UK, the banking system includes the Bank of England (the central bank), the commercial banks, merchant banks and branches of foreign banks and National Savings & Investment.


2.

When used by the Bank of England, the term 'the Bank' normally means the Bank of England.


3.

To deposit (cash, cheques or similar) in a bank or transact business with a bank.


See also