Noun

Singular banking

Plural uncountable

banking (uncountable)

1. The business of managing a bank
2. The occupation of managing or working in a bank
3. (aviation) A horizontal turn.

Verb

banking

1. Present participle of bank.

A bank is a financial institution licensed by a government. Its primary activities include borrowing and lending money. Many other financial activities were allowed over time. For example banks are important players in financial markets and offer financial services such as investment funds. In some countries such as Germany, banks have historically owned major stakes in industrial corporations while in other countries such as the United States banks are prohibited from owning non-financial companies. In Japan, banks are usually the nexus of a cross-share holding entity known as the zaibatsu. In France, bancassurance is prevalent, as most banks offer insurance services (and now real estate services) to their clients.

The level of government regulation of the banking industry varies widely, with countries such as Iceland, the United Kingdom and the United States having relatively light regulation of the banking sector, and countries such as China having relatively heavier regulation (including stricter regulations regarding the level of reserves).

Collective investment schemes Credit Unions Insurance companies Investment banks Pension funds Prime Brokers Trusts

Finance series Financial market Participants Corporate finance Personal finance Public finance Banks and Banking Financial regulation

Contents

• 1 Sourced
• 2 Unsourced
• 3 See also
• 4 External links

Sourced

• "The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it (p15). The process by which banks create money is so simple that the mind is repelled." - John Kenneth Galbraith, Money: Whence it came, where it went, pg. 29 (1975)

• "The banks do create money. They have been doing it for a long time, but they didn't quite realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must all be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create credit." — H. W. White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955.

• "And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson, 3rd US President, in a letter to John Taylor in 1816 [1].

• "With money every form of intercourse, and intercourse itself, is considered fortuitous for the individuals." - Karl Marx in The German Ideology

From Wikiquote under the GNU Free Documentation License.
Thu May 21 05:23:01 2009