Bank: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
imported>Doug Williamson
(Add link.)
Line 19: Line 19:
* [[Anti money laundering]]
* [[Anti money laundering]]
* [[Bank of England]]
* [[Bank of England]]
* [[Big 4]]
* [[Central bank]]
* [[Central bank]]
* [[Commercial banks]]
* [[Commercial banks]]

Revision as of 11:52, 24 August 2016

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