Banking refers to the industry and system involved in managing financial transactions, facilitating deposits, loans, and other financial services. It encompasses institutions, such as commercial banks, credit unions, and investment banks, which accept deposits from individuals and businesses, provide loans, and offer various financial products. Banking also involves services related to the management of money, including savings accounts, checking accounts, mortgages, credit cards, and investment services. The primary functions of banking include safeguarding money, providing credit, enabling payment systems, and serving as intermediaries in financial transactions. The banking sector is essential for economic stability and growth, as it supports both individual savers and businesses in accessing capital and managing financial resources.
Keito Okusan steps down, and Taro Kitabayashi is poised to lead Norinchukin Bank through financial challenges. The bank forecasts significant losses, expecting a two trillion yen deficit by March 2025.…
The recent announcement by **Banco Sabadell** to re-establish its operations in Catalonia has sparked significant attention, especially given its departure over seven years ago due to political turmoil. **BBVA**, a…