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Banking

Banking encompasses the various services and transactions managed by financial institutions such as banks and credit unions. These services include managing deposits, loans, investments, and currency exchange. Banking plays a crucial role in financial stability and the economy's liquidity.
Sub-categories:

Retail banking represents financial services offered to individuals and families, including personal accounts, mortgages, and personal loans, focusing on consumer-oriented transactions.

Commercial banking services cater to businesses, offering loans, credit, and money management solutions for corporations of various sizes, aiding in their financial transactions and strategic growth.

Investment banking specializes in services such as underwriting, acting as an intermediary for securities issuance, facilitating mergers and acquisitions, and providing financial advisory services to corporations.

Online banking, or internet banking, allows customers to conduct financial transactions digitally via the internet, offering convenience and around-the-clock access to banking services.

Private banking offers personalized financial and banking services to high-net-worth individuals, including wealth management, estate planning, and tailored lending options.

Central banking is responsible for a nation's monetary system and policy, including issuing currency, managing interest rates, and overseeing the stability of the financial system.

Community banking focuses on providing traditional banking services within local communities, building customer relationships, and supporting small business growth and local development.

International banking deals with banking services that cross international borders, including foreign exchange services, international loans, and facilitating global transactions for clients.

Corporate banking provides large businesses with services such as lending, cash management, and trade finance, tailored to their complex financial needs and transactions.

Islamic banking follows Shariah law principles, offering products that comply with Islamic ethics, including the prohibition of interest, and focusing on risk-sharing and asset-based financing.

Mobile banking offers financial services reachable through mobile devices, enabling users to control their banking activities from anywhere using secure mobile applications.

Offshore banking involves banks located outside a customer's country, typically offering privacy, tax advantages, and sometimes more relaxed regulations to international clients.

Sustainable banking combines traditional banking with a focus on environmental, social, and governance (ESG) criteria, aiming to positively impact society and promote sustainable development.

Branchless banking operates without traditional physical branches, utilizing digital and telecommunication networks to deliver banking services, thus reducing costs and expanding accessibility.

Wholesale banking provides large-scale transactions and services to big clients including other banks, large corporations, and government agencies, focusing on high-value transactions.

Microfinance offers access to financial services such as small loans, savings accounts, insurance, and payment services to low-income individuals or those lacking traditional banking access.